Voluntary CSR disclosure and CEO narcissism: the moderating role of CEO duality and board gender diversity

Naima Lassoued () and Imen Khanchel
Additional contact information
Naima Lassoued: Manouba University
Imen Khanchel: Manouba University

Review of Managerial Science, 2023, vol. 17, issue 3, No 12, 1075-1123

Abstract: Abstract This paper seeks to contribute to the existing business strategies and corporate social responsibility (CSR) literature by examining the effect of CEO personality traits on CSR disclosure. Specifically, this paper aims to examine how chief executive officer (CEO) narcissism relates to voluntary CSR disclosure, and whether CEO duality and board gender diversity moderate this relationship. The study examines a sample of 322 S&P 500 firms over the 2012–2019 period (i.e., 1809 observations). Econometrically speaking, the study used the generalized method of moments (GMM). The results show that highly narcissistic CEOs are likely to disclose both socially-related and governance-related CSR activities. Furthermore, CEO duality positively moderates the relationship between CEO narcissism and (a) aggregated CSR disclosure, (b) social disclosure, and (c) corporate governance disclosure. Moreover, board gender diversity positively moderates the relationship between CEO narcissism and (a) aggregated CSR disclosure and (b) social disclosure. These results are robust to alternative econometric specifications and variable definitions.

Keywords: Narcissism; CEO; Upper echelons theory; Socially-related disclosure; Governance-related disclosure; CEO duality; Board gender diversity (search for similar items in EconPapers)
JEL-codes: D21 L21 M14 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/10.1007/s11846-022-00555-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:rvmgts:v:17:y:2023:i:3:d:10.1007_s11846-022-00555-3

Ordering information: This journal article can be ordered from
http://www.springer.com/business/journal/11846

DOI: 10.1007/s11846-022-00555-3

Access Statistics for this article

Review of Managerial Science is currently edited by R. Ewert and W. Kürsten

More articles in Review of Managerial Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().