Should Entrepreneurially Oriented Firms Have Narcissistic CEOs?

Should Entrepreneurially Oriented Firms Have Narcissistic CEOs?

Extant research has shown that firms with high levels of entrepreneurial orientation (EO) outperform competitors. The present study sheds light on this performance relationship in large, publicly listed high-tech firms by examining whether the strength of this relationship depends upon the CEO’s nar...

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Veröffentlicht in:Journal of management 2016-03, Vol.42 (3), p.698-721
Hauptverfasser: Engelen, Andreas, Neumann, Christoph, Schmidt, Susanne
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Sprache:eng
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Chief executive officers
Competition
Entrepreneurship
High tech industries
Narcissism
Personality traits
Studies
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container_title Journal of management
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creator Engelen, Andreas
Neumann, Christoph
Schmidt, Susanne
description Extant research has shown that firms with high levels of entrepreneurial orientation (EO) outperform competitors. The present study sheds light on this performance relationship in large, publicly listed high-tech firms by examining whether the strength of this relationship depends upon the CEO’s narcissism, an executive personality trait recently debated controversially in both academic and practitioner publications. A theoretically derived research model is empirically validated by means of multisource secondary data for 41 S&P 500 firms from 2005 to 2007. Findings indicate that narcissistic CEOs usually weaken the EO-performance relationship, although the opposite is true under some conditions, such as in highly concentrated and dynamic markets.
doi_str_mv 10.1177/0149206313495413
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subjects Chief executive officers
Competition
Entrepreneurship
High tech industries
Narcissism
Personality traits
Studies
title Should Entrepreneurially Oriented Firms Have Narcissistic CEOs?
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