Narcissism, Director Selection, and Risk-Taking Spending
Narcissism, Director Selection, and Risk-Taking Spending
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DOI：
10.1002/smj.2322
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发表时间：
2015-12
期刊：
影响因子：
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通讯作者：
David H. Zhu;Guoli Chen
中科院分区：
文献类型：
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作者：
David H. Zhu;Guoli Chen
我们解释了为什么首席执行官喜欢新董事谁是类似的自恋倾向或与其他类似自恋的首席执行官的经验。由于有权势的CEO更有能力选择这样的人进入董事会，因此预计CEO权力与新董事的上述特征呈正相关。当新董事与首席执行官在显著的人口统计学特征上差异更大时，这些关联预计会更强。此外，我们还解释了为什么受CEO青睐的新董事更支持他们的决策，从而加强了CEO自恋与冒险支出之间的正相关关系。我们的发现为我们的理论提供了相当大的支持。本研究将人格理论引入公司治理中董事选拔的研究，并研究黑社会如何影响二元关系
We explain why CEOs favor new directors who are similar in narcissistic tendency or have prior experience with other similarly narcissistic CEOs. Because powerful CEOs are more able to select such individuals onto their boards, CEO power is predicted to be positively associated with the above characteristics of new directors. These associations are expected to be stronger when a new director is more different from the CEO in salient demographic characteristics. Moreover, we explain why new directors favored by CEOs are more supportive of their decision making, strengthening the positive relationship between CEO narcissism and risk-taking spending. Our findings provide considerable support for our theory. This study introduces personality theories to corporate governance research on director selection and to research on how triads influence dyadic relations