Does CEO overconfidence influence a firm's ambidextrous balance of innovation?

While prior research has focused on the effect of CEO overconfidence on innovation, few studies have been conducted to reveal how and whether an overconfident CEO affects the ambidextrous balance of a firm's innovation strategies. This study complements upper echelons theory by further disentangling innovation strategies into the categories of exploration and exploitation. Using patent citations, we investigate the effect of CEOs' psychological...