The differential effects of CEO narcissism and hubris on corporate social responsibility
| Autor: | Daniel Z. Mack, Yi Tang, Guoli Chen |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Social comparison theory
Hubris ComputingMilieux_THECOMPUTINGPROFESSION Strategy and Management 05 social sciences ComputingMilieux_LEGALASPECTSOFCOMPUTING 050109 social psychology Affect (psychology) Differential effects Negative relationship ComputingMethodologies_SYMBOLICANDALGEBRAICMANIPULATION 0502 economics and business Narcissism medicine Corporate social responsibility 0501 psychology and cognitive sciences Business and International Management medicine.symptom Psychology Social responsibility Social psychology 050203 business & management |
| Zdroj: | Strategic Management Journal. 39:1370-1387 |
| ISSN: | 0143-2095 |
| Popis: | Research Summary: While prior studies have predominantly shown that CEO narcissism and hubris exhibit similar effects on various strategic decisions and outcomes, this study aims to explore the mechanisms underlying how narcissistic versus hubristic CEOs affect their firms differently. Specifically, we investigate how peer influence moderates the CEO narcissism/hubris—corporate social responsibility (CSR). With a sample of SP the negative relationship between CEO hubris and CSR is strengthened when peer firms are engaged in less CSR than a CEO's own firm. Managerial Summary: Some CEOs are more narcissistic while others may be more hubristic, but these two groups of CEOs hold different attitudes toward the extent to which their firms should engage in corporate social responsibility (CSR). Our findings with a large sample of U.S. publically listed firms suggest that narcissistic CEOs care more about CSR, but hubristic CEOs care less. Interestingly, when narcissistic CEOs observe their peer firms engaging in more or less CSR than their own firms, they tend to respond in an opposite manner; in contrast, hubristic CEOs will only engage in even less CSR when their peers also do not emphasize CSR. Our findings point to a fundamental difference between CEO narcissism and hubris in terms of how they affect firms' CSR decisions based on their social comparison with peer firms. |
| Databáze: | OpenAIRE |
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