Investigating the relationship between CEOs narcissism and the occurrence of ESG misconduct, considering the impact of managerial power and environmental uncertainty resulting from industry dynamics
Subject Areas : Accounting & Accountability
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Keywords: CEO narcissism, CEO power, industry dynamics, irresponsible ESG,
Abstract :
Purpose: This research examines how narcissistic CEOs behave towards irresponsible environmental, social and corporate governance (ESG) strategies and the impact of managerial power and business environment uncertainty on this behavior.
Methodology: Using the limitations considered, 141 companies were selected as the research sample in the period of 2017-2023. The research method of the present study was applied and used a post-event approach (through past information). To test the hypotheses of the research, multivariate linear regression based on panel data was used using EViews12 software.
Findings: The findings of this study indicate that CEOs with the personality trait of narcissism are less likely to take irresponsible actions in the field of environmental, social, and corporate governance (ESG) as a strategy to protect their personal interests. This tendency is reinforced when the CEO has more power in the organization. However, this tendency is limited when companies operate in an environment with environmental uncertainty caused by industry dynamics.
Originality: This research addresses an important gap in existing literature and has several practical implications for various stakeholders. This research represents a significant innovation in this field by studying narcissism as a personality trait, which can determine how CEOs behave when considering irresponsible ESG actions.
References:
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بادآور نهندی، و فرنود احمدی (1402). بررسی ارتباط خطی و غیرخطی بین خودشیفتگی مدیرعامل و فعالیت اجتماعی شرکت با توجه به نقش تعدیلی مالکیت سرمایه‌گذاران نهادی. پژوهش های مالی و رفتاری در حسابداری، 3(1)، 17-36. doi: 10.30486/fbra.2023.1984413.1191
رضوی، مرضیه، حاجیان نژاد، امین، و امیری، هادی (1403). رابطه عملکرد زیست محیطی، اجتماعی و حاکمیتی (ESG) با رفتار احساسی سرمایه‌گذاران با وجود عدم تقارن اطلاعاتی. مجله دانش حسابداری. (پذیرفته شده برای انتشار) doi: 10.22103/jak.2024.23751.4078
طاهری، ماندانا، و محمدی، مهران (1401). بررسی رابطه خودشیفتگی مدیران عامل و مسئولیت پذیری اجتماعی شرکت با توجه به نقش تعدیل کننده حسابرسی داخلی. (پژوهش های حسابرسی) پژوهشهای حسابرسی حرفه ای، 3(9 )، 72-90. doi: 10.22034/jpar.2022.1971452.1119
عبدالرضائی، سبحان، جنانی، محمدحسن، و همت فر، محمود (2023). خودشیفتگی مدیران و ارزش شرکت: نقش تعدیل کنندگی مسئولیت اجتماعی شرکت. تعالی منابع انسانی، 3(4)، 94-78. https://sanad.iau.ir/Journal/ehr/Article/927055
مران جوری، و مهدی علی خانی، رضیه (2020). نقش تعدیل کنندگی خودشیفتگی مدیران بر رابطه بین عدم اطمینان محیطی و افشای مسئولیت های اجتماعی. دانش حسابداری و حسابرسی مدیریت، 9(35)، 263-272. https://www.jmaak.ir/article_16701.html
نمازی، محمد، دهقانی‌سعدی، علی‌اصغر، و قوهستانی، سمانه (1396). خودشیفتگی مدیران و استراتژی تجاری شرکت‌ها. دانش حسابداری و حسابرسی مدیریت، 6(22)،37-52. https://www.jmaak.ir/article_10800.html?lang=fa
Abdolrezaei, S., Janani, M. H., Hematfar, M. (2023). Managers' narcissism and firm value: The moderating role of corporate social responsibility. Human Resources Excellence, 3(4),94-78. https://sanad.iau.ir/Journal/ehr/Article/927055 [In Persian]
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