Are narcissistic CEOs good or bad for family firm innovation?

被引：17
作者：
Rovelli, Paola [1 ]
De Massis, Alfredo [2 ,3 ,4 ,5 ,6 ]
Gomez-Mejia, Luis R. [7 ]
机构：
[1] Free Univ Bozen Bolzano, Fac Econ & Management, Ctr Family Business Management, Bolzano, Italy
[2] Free Univ Bozen Bolzano, Bolzano, Italy
[3] IMD, Lausanne, Switzerland
[4] Univ Lancaster, Lancaster, England
[5] Zhejiang Univ, Inst Entrepreneurs, Hangzhou, Peoples R China
[6] Zhejiang Univ, Inst Family Business, Hangzhou, Peoples R China
[7] Arizona State Univ, Tempe, AZ 85287 USA
来源：
HUMAN RELATIONS | 2023年 / 76卷 / 05期
关键词：
CEO; family firms; innovation; socioemotional wealth; top executives; top management team; BEHAVIORAL AGENCY MODEL; TOP MANAGEMENT TEAMS; MYOPIC LOSS AVERSION; SOCIOEMOTIONAL WEALTH; PERSONALITY-INVENTORY; RISK-TAKING; FINANCIAL WEALTH; DECISION; PERFORMANCE; LEADERSHIP;
D O I：
10.1177/00187267221076834
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Despite anecdotal evidence showing that some CEOs possess narcissistic personality traits, research on this individual characteristic is still lagging behind. Though the literature has established that narcissistic CEO traits may affect firm performance, it is not clear whether they act as constructive or destructing forces in family firms. This is particularly important given family firms' attention towards the preservation of socioemotional wealth. A question thus arises: Can family firms benefit from narcissistic CEOs or should they avoid appointing individuals with this personality trait? Our analysis of unique data from Italian CEOs - collected through a survey and a psychometric test - reveals that CEO narcissism is lower in family firms, and among family CEOs. Nevertheless, in family firms, more narcissistic CEOs tend to exploit greater innovation opportunities by fostering higher top management teams strategic decision comprehensiveness. Our findings advance our understanding of narcissism in leadership positions, highlighting its importance for family firms' innovation and providing meaningful contributions for research on CEO personality, family business and innovation, as well as for practitioners.
引用
收藏
页码：776 / 806
页数：31
相关论文
共 146 条
  • [1] CEO Narcissism and the Takeover Process: From Private Initiation to Deal Completion
    Aktas, Nihat
    de Bodt, Eric
    Bollaert, Helen
    Roll, Richard
    [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2016, 51 (01) : 113 - 137
  • [2] Managerial incentives, myopic loss aversion, and firm risk: A comparison of family and non-family firms
    Alessandri, Todd M.
    Mammen, Jan
    Eddleston, Kimberly
    [J]. JOURNAL OF BUSINESS RESEARCH, 2018, 91 : 19 - 27
  • [3] Amit R., 2014, The SAGE handbook of family business, P157, DOI DOI 10.4135/9781446247556.N9
  • [4] THE RELATIONSHIP OF NARCISSISM WITH WORKAHOLISM, WORK ENGAGEMENT, AND PROFESSIONAL POSITION
    Andreassen, Cecilie Schou
    Ursin, Holger
    Eriksen, Hege R.
    Pallesen, Stale
    [J]. SOCIAL BEHAVIOR AND PERSONALITY, 2012, 40 (06): : 881 - 890
  • [5] Electronic survey methodology: A case study in reaching hard-to-involve Internet users
    Andrews, D
    Nonnecke, B
    Preece, J
    [J]. INTERNATIONAL JOURNAL OF HUMAN-COMPUTER INTERACTION, 2003, 16 (02) : 185 - 210
  • [6] [Anonymous], 1990, Sociological Methodology, DOI DOI 10.2307/271084
  • [7] [Anonymous], 2010, FAMILY BUSINESS COUC
  • [8] [Anonymous], 2014, NARCISSISM INTRO
  • [9] THE MODERATOR MEDIATOR VARIABLE DISTINCTION IN SOCIAL PSYCHOLOGICAL-RESEARCH - CONCEPTUAL, STRATEGIC, AND STATISTICAL CONSIDERATIONS
    BARON, RM
    KENNY, DA
    [J]. JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 1986, 51 (06) : 1173 - 1182
  • [10] Belsley D. A., 2005, Regression Diagnostics: Identifying Influential Data and Sources of Collinearity
12345678910