Individual Executive Characteristics and Firm Performance: Evidence from CEO Narcissism
| dc.contributor.advisor | Matsunaga, Steven | |
| dc.contributor.author | Perez, Rebeca | |
| dc.date.accessioned | 2017-09-06T21:44:11Z | |
| dc.date.available | 2017-09-06T21:44:11Z | |
| dc.date.issued | 2017-09-06 | |
| dc.description.abstract | Narcissism refers to persistent feelings of grandiosity, a need for admiration, and a lack of empathy (American Psychiatric Association 2013). The literature has found narcissism to be associated with individuals making decisions for a firm that fulfill their egos rather than maximize firm value. The literature in psychology, however, suggests that when firms face financial distress, narcissism could be a desirable trait in an individual, enabling the CEO to take the necessary risks and make the necessary decisions for the firm to recover. I study the context under which a firm may benefit from a narcissistic CEO. In this study, I use two measures from prior literature (CEO photo prominence in the annual report and a CEO’s use of first-person personal pronouns) to form a combination measure to investigate whether firms in financial distress are more likely to appoint a CEO with more narcissistic traits. I find some evidence to support this hypothesis. I also examine whether the association between narcissism and future firm performance is affected by the economic conditions of a firm and the visibility of the firm. I find results consistent with firm financial distress increasing a narcissistic CEO’s effect on firm performance in low-visibility firms. | en_US |
| dc.identifier.uri | https://hdl.handle.net/1794/22658 | |
| dc.language.iso | en_US | |
| dc.publisher | University of Oregon | |
| dc.rights | All Rights Reserved. | |
| dc.subject | Executive characteristics | en_US |
| dc.subject | Financial distress | en_US |
| dc.subject | Firm performance | en_US |
| dc.subject | Firm visibility | en_US |
| dc.subject | Narcissism | en_US |
| dc.title | Individual Executive Characteristics and Firm Performance: Evidence from CEO Narcissism | |
| dc.type | Electronic Thesis or Dissertation | |
| thesis.degree.discipline | Department of Accounting | |
| thesis.degree.grantor | University of Oregon | |
| thesis.degree.level | doctoral | |
| thesis.degree.name | Ph.D. |
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