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.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
On the Evaluation of Structural Equation Models
Bagozzi, R. P., & Yi, Y. (1988) · Journal of the Academy of Marketing Science · doi:10.1007/bf02723327 · Cited by 26,163
The Framing of Decisions and the Psychology of Choice
Tversky, A., & Kahneman, D. (1981) · Science · doi:10.1126/science.7455683 · Cited by 18,497
Schwartz, S. H. (1992) · Advances in Experimental Social Psychology · doi:10.1016/s0065-2601(08)60281-6 · Cited by 14,619
Power in Top Management Teams: Dimensions, Measurement, and Validation
Finkelstein, S. (1992) · Academy of Management Journal · doi:10.5465/256485 · Cited by 2,389
Unraveling the Paradoxes of Narcissism: A Dynamic Self-Regulatory Processing Model
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
Sitkin, S. B., & Pablo, A. L. (1992) · The Academy of Management Review · doi:10.2307/258646 · Cited by 2,057
A Narcissistic Personality Inventory.
Raskin, R. N., & Hall, C. S. (1979) · Psychological Reports · doi:10.2466/pr0.1979.45.2.590 · Cited by 1,975
Linguistic styles: language use as an individual difference
Pennebaker, J. W., & King, L. A. (1999) · Journal of Personality and Social Psychology · doi:10.1037/0022-3514.77.6.1296 · Cited by 1,961
The totalitarian ego: Fabrication and revision of personal history.
Greenwald, A. G. (1980) · American Psychologist · doi:10.1037/0003-066x.35.7.603 · Cited by 1,942
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
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
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.
