A Review of CEO Overconfidence Scholarship in Business and Finance: Past, Present, and Avenues for Future Research

This study critically reviews the scholarship on CEO overconfidence from 2005 to 2024, analyzing its intellectual, social, and conceptual structures to identify key themes and future research directions using a bibliometric approach. The study finds that the Journal of Corporate Finance is the most influential in the field, with notable contributions from scholars in China, the United States, and the United Kingdom. Performance and conceptual analyses identify relevant concepts and niche, motor, basic, and emerging themes that suggest promising avenues for further research. This study enhances the understanding of the field's intellectual and social structures, enriches the theoretical discourse, and offers a foundation for future scholarly inquiries. The findings underscore the importance of addressing CEO overconfidence in corporate governance and strategic decision‐making. Policymakers and practitioners can utilize these insights to develop frameworks that mitigate the risks associated with overconfident leadership, particularly in contexts involving risk‐taking and investment decisions.