Lin Yang, Jingyi Yang, Chenjian Zhang, Liangliang Lu
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CEO narcissism and cross-boundary growth: Evidence from Chinese publicly listed manufacturing firms
Abstract Prior research has shown that CEO narcissism can significantly impact firms’ strategic decision-making and performance. Additionally, studies on cross-boundary growth have demonstrated its positive effect on firms’ financial performance. However, little is known about the relationship between CEO narcissism and firms’ cross-boundary growth. In this study, we integrate upper echelon theory and agency theory and propose that CEO narcissism has a positive effect on a firms’ cross-boundary growth, both domestically and internationally. Furthermore, different types of corporate ownership and ownership concentration have varying effects on this relationship. Our research analyzed publicly listed manufacturing firms in China from 2005 to 2014 and found supportive evidence for our hypotheses. This study offers insight into how micro factors, such as CEO narcissism, can affect a firms’ growth strategy. Our study further sheds light on the differentiating role of corporate ownership and ownership concertation in affecting this relationship.
期刊介绍:
Asian Business & Management (ABM) is an academic management and business journal with a focus on Asia. The journal covers topics in the areas of corporate governance, human resource management, marketing, organizational behavior, organization theory, strategy, technology management, and related areas. ABM distinguishes itself from general business and management journals as it focuses on the Asian context. The focus on Asia is an important and appealing feature of ABM. ABM is open to different methodological approaches, including quantitative, qualitative, mixed-methods, and conceptual work, contributing to an enhanced understanding of Asian business and management. Please refer to the 2018 Editorial for further details: https://link.springer.com/article/10.1057/s41291-017-0028-0
A rigorous double-blind peer review system, involving in-country and international refereeing, ensures that articles meet the highest quality standards.