Research: When CEOs Use War Metaphors, Analysts Worry
Harvard Business Review
JANUARY 3, 2025
Corporate executives often use war metaphors like declaring war on the competition to project strength and confidence in their strategies. Research reveals that these aggressive metaphors may provoke negative reactions from a critical audience: financial analysts. After analyzing nearly 1,000 acquisition announcements, the authors find that war-related language tends to trigger negative reactions from analysts, who see it as a sign of excessive risk.
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