The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.
Executive Personality, Capability Cues, and Risk Taking: How Narcissistic CEOs React to Their Successes and Stumbles
Abstract
We adopt an interactionist logic to study the determinants of risk taking by chief executive officers (CEOs). We introduce the concept of “capability cues”—contextual signals that decision makers might reasonably interpret as indicators of their current level of overall ability—arguing that positive cues will induce boldness, while negative cues will induce timidity. Then, drawing from prior theory about how narcissists react to stimuli, we hypothesize that highly narcissistic CEOs will be relatively unresponsive to objective indicators of their performance; in contrast, highly narcissistic CEOs will be exceptionally emboldened by social praise (in the forms of media praise and media awards). We test our theory in two distinct studies, one of risky outlays by CEOs of publicly owned U.S. companies from 1992 to 2006, and a second of acquisition premiums paid by CEOs of a sample of U.S. acquiring firms, 2001–2008. Our analyses show that capability cues generally influence executive risk taking, but highly narcissistic CEOs are much less responsive to recent objective performance than their less narcissistic peers; in contrast, highly narcissistic CEOs are especially bolstered by social praise.
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Cites
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Morf, C. C., & Rhodewalt, F. (2001) · Psychological Inquiry · doi:10.1207/s15327965pli1204_1 · Cited by 2,215
Chatterjee, A., & Hambrick, D. C. (2007) · Administrative Science Quarterly · doi:10.2189/asqu.52.3.351 · Cited by 2,074
Self-citationReconceptualizing the Determinants of Risk Behavior
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Cited by
Narcissism and Leadership: A Meta‐Analytic Review of Linear and Nonlinear Relationships
Grijalva, E., Harms, P. D., Newman, D. A., Gaddis, B. H., & Fraley, R. C. (2015) · Personnel Psychology · doi:10.1111/peps.12072 · Cited by 572
Narcissism and learning from entrepreneurial failure
Liu, Y., Li, Y., Hao, X., & Zhang, Y. (2019) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2019.01.003 · Cited by 172
The Science of Leadership: A theoretical model and research agenda
Carton, A. M. (2022) · Annual Review of Organizational Psychology and Organizational Behavior · doi:10.1146/annurev-orgpsych-012420-091227 · Cited by 84
Sakkar Sudha, K., & Shahnawaz, M. G. (2020) · Leadership & Organization Development Journal · doi:10.1108/lodj-09-2019-0399 · Cited by 32
Grandiose narcissism and performance in organizations: mediating role of subjective wellbeing
Sakkar Sudha, K., & Shahnawaz, M. G. (2020) · Leadership, Education, Personality: An Interdisciplinary Journal · doi:10.1365/s42681-020-00015-0 · Cited by 7
Metadata
- Authors
- Chatterjee, A., & Hambrick, D. C.
- Venue
- Administrative Science Quarterly
- Publisher
- SAGE Publications
- Published
- 2011-06
- Volume
- 56
- Issue
- 2
- Pages
- 202-237
- ISSN
- 0001-8392 (ISSN-L)
- 1930-3815
- OpenAlex
- W2064548928
- Cited by
- 636
- References
- 18
- FWCI
- 46.91
- Type
- journal article
- Language
- en
- Open access
- closed
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- Chatterjee, A., & Hambrick, D. C. (2011). Executive Personality, Capability Cues, and Risk Taking: How Narcissistic CEOs React to Their Successes and Stumbles. Administrative Science Quarterly. https://doi.org/10.1177/0001839211427534
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
