The Impact of CEO Narcissism on Earnings Management

被引：77

作者：

Capalbo, Francesco ^{[1
]}

Frino, Alex ^{[2
]}

Lim, Ming Ying ^{[3
]}

Mollica, Vito ^{[3
]}

Palumbo, Riccardo ^{[4
]}

机构：

[1] Univ Molise, Campobasso, Italy

[2] Univ Wollongong, Wollongong, NSW, Australia

[3] Macquarie Univ, N Ryde, NSW, Australia

[4] Univ G dAnnunzio, Chieti, Italy

来源：

ABACUS-A JOURNAL OF ACCOUNTING FINANCE AND BUSINESS STUDIES | 2018年 / 54卷 / 02期

关键词：

Personality; Earnings management; Narcissism; Chief executive officer; Earnings announcements; PERSONALITY-INVENTORY; RISK-TAKING; QUALITY; INCENTIVES; EXECUTIVES; ACCRUALS; STYLE; DETERMINANTS; AUDITORS; PRIVATE;

D O I：

10.1111/abac.12116

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We provide the first empirical test of the relation between CEO narcissism and earnings manipulation. We test the hypothesis that narcissistic leaders over-identify themselves with the organizations they lead and expend considerable effort to achieve their goals, including by engaging in unethical behaviour. Earnings announcements are highly anticipated information releases by organizations. They are a key performance indicator used to evaluate the performance of CEOs. This study examines the use of first person singular pronouns by CEOs in response to questions at analyst conferences to measure narcissism. We provide evidence that firms with narcissistic CEOs engage in accruals management to manage earnings positively, highlighting the important effect of CEO personality on accounting choices.

引用

页码：210 / 226

页数：17

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