CEO narcissism and corporate performance in China
Biaoan Shan,
Xiaoju Liu,
Biao Chen and
Jin Ma
China Economic Review, 2023, vol. 79, issue C
Abstract:
This study explores the relationship between chief executive officer (CEO) narcissism and corporate performance in China. Based on the Chinese institutional and cultural background, we introduce organizational innovation as a mediating variable and CEO power as a moderating variable. We find that CEO narcissism is positively related to corporate performance based on 275 companies listed on the growth enterprise market (GEM) from 2012 to 2020. Furthermore, organizational innovation plays a partially mediating role in the relationship between CEO narcissism and corporate performance, and the moderating role of CEO power is partially supported.
Keywords: CEO narcissism; Corporate performance; Exploratory innovation; Exploitative innovation; CEO power (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:79:y:2023:i:c:s1043951x2300055x
DOI: 10.1016/j.chieco.2023.101970
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