The Role of Managerial ability on Operational Performance and Stock Return moderated by CEO Overconfidence

Purpose: This study aims to determine the effect of acquisition company's managerial ability on performance after mergers and acquisitions. CEO overconfidence was added as a moderating in this study. The sample data include companies listed IDX that carried out corporate actions 2014-2018 period. Methodology: sampling technique used is purposive sampling, analysis method SPSS Smart PLS applications. research return-on-assets, cash flow from operations market-to-book ratio measeure firm’s operational buy-and-hold abnormal return measure company’s stock return. Findings: results indicate affects performance. also shows can strengthen relationship between along with rate acquiring returns. Originality/Value: implications suggest should prioritize fit-and-proper test. bring company forward earn higher Novelty provides new insight action moderate