The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.
CEO Narcissism and the Impact of Prior Board Experience on Corporate Strategy
Open accessAbstract
We examine how chief executive officer (CEO) narcissism influences the interorganizational imitation of corporate strategy. We theorize that narcissistic CEOs are influenced more by the corporate strategies they experienced on other boards and less by the corporate strategies experienced by other directors. These effects are strengthened if the other firms to which the CEO has interlock ties have high status and if the CEO is powerful. Through longitudinal analyses of Fortune 500 companies’ decisions (from 1997 to 2006) related to the acquisition emphasis of a firm’s growth strategy and the firm’s level of international diversification, we show that narcissistic CEOs are influenced by corporate strategies that they witnessed at other firms much more than other CEOs. In addition, relatively narcissistic CEOs not only strongly resist the influence of other directors’ prior experience but also tend to demonstrate their superiority by adopting corporate strategies that are the opposite of what fellow directors’ prior experience would suggest. Our theory and results highlight how CEO narcissism limits directors’ influence over corporate strategy and influences CEOs’ learning and information processing in making strategic decisions.
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Cites
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“Two experienced psychologists independently watched all the videos and rated each CEO’s narcissistic tendency based on the NPI-16, which is a psychometrically validated shorter version of NPI (Ames, Rose, and Anderson, 2006; O’Reilly et al., 2013).”
InfluentialInterpersonal and intrapsychic adaptiveness of trait self enhancement: a mixed blessing?
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Cited by
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
Metadata
- Authors
- Zhu, D. H., & Chen, G.
- Venue
- Administrative Science Quarterly
- Publisher
- SAGE Publications
- Published
- 2014-10-06
- Volume
- 60
- Issue
- 1
- Pages
- 31-65
- ISSN
- 0001-8392 (ISSN-L)
- 1930-3815
- OpenAlex
- W2165491154
- Cited by
- 353
- References
- 14
- FWCI
- 42.72
- Type
- journal article
- Language
- en
- Open access
- green
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