CEO Narcissism and Global Performance Variance in Multinational Enterprises: The Roles of Foreign Direct Investment Risk-Taking and Business Group Affiliation

被引：11

作者：

Lee, Jeoung Yul ^{[1
,2
]}

Ha, Yoo Jung ^{[3
]}

Wei, Yingqi ^{[4
]}

Sarala, Riikka M. ^{[5
]}

机构：

[1] Chongqing Technol & Business Univ, Natl Res Base Intelligent Mfg Serv, Chongqing 400067, Peoples R China

[2] Hongik Univ, Sch Business Management, Sejong 30016, South Korea

[3] Univ Sheffield, Sheffield Univ Management Sch, Sheffield S10 1FL, S Yorkshire, England

[4] Univ Leeds, Leeds Univ Business Sch, Leeds LS2 9JT, W Yorkshire, England

[5] Univ North Carolina Greensboro, Greensboro, NC 27412 USA

来源：

BRITISH JOURNAL OF MANAGEMENT | 2023年 / 34卷 / 01期

关键词：

FIRM PERFORMANCE; INTERNATIONAL DIVERSIFICATION; INSTRUMENTAL VARIABLES; FINANCIAL PERFORMANCE; VULNERABLE NARCISSISM; EMPIRICAL-EVIDENCE; SELF-EVALUATIONS; PERSONALITY; STRATEGY; DECISION;

D O I：

10.1111/1467-8551.12592

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines key mechanisms through which CEO narcissism influences global performance variance in the context of Asian emerging market multinational enterprises. Building on the contextual reinforcement model of narcissism and the cushion hypothesis, we focus on the role of foreign direct investment (FDI) risk-taking and business group affiliation (BGA). We test our moderated mediation model on data from 149 South Korean multinational enterprises from 2006 to 2016. The results show that CEO narcissism is positively associated with FDI risk-taking. The effect of CEO narcissism on global performance variance is mediated by FDI risk-taking. Furthermore, BGA moderates the above-mentioned relationships. Our findings offer important contributions to the international business and CEO narcissism literatures.

引用

页码：512 / 535

页数：24

共 4 条

[1] Effects of Location Diversification and Corporate Governance on Multinational Enterprises' Financial Performance and Risk-taking: Evidence from Taiwanese Enterprises
Lu, Cheng-Chang
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[J]. CHINA & WORLD ECONOMY, 2015, 23 (05) : 63 - 84
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Yi, Changjun
Xu, Xueyu
Chen, Chusheng
Wu, Yenchun Jim
[J]. EMERGING MARKETS FINANCE AND TRADE, 2020, 56 (02) : 370 - 391
[3] Patent- and trademark-seeking outward foreign direct investment by Chinese firms: The role of business group affiliation
Shi, Xinwei
Williams, Christopher
Sutherland, Dylan
Rong, Ke
[J]. INDUSTRIAL AND CORPORATE CHANGE, 2022, 31 (03) : 838 - 862
[4] Not all family firms are equal: The moderating effect of family involvement on the political risk exposure of the foreign direct investment portfolio. Preliminary evidence from Spanish multinational enterprises
Jimenez, Alfredo
Majocchi, Antonio
Della Piana, Bice
[J]. THUNDERBIRD INTERNATIONAL BUSINESS REVIEW, 2019, 61 (02) : 309 - 323

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