Analyzing the relationship between emotional intelligence and narcissism of managers with the firm value

Subject Areas :

سبحان  عبدالرضائی ¹ (نویسنده مسئول، مربی گروه حسابداری ، واحد درهشهر، دانشگاه آزاد اسلامی، درهشهر، ایران. آدرس پست الکترونیکی: [e-mail])
محمد حسن  جنانی ² (استادیار گروه حسابداری، واحد بروجرد، دانشگاه آزاد اسلامی، بروجرد، ایران. آدرس پست الکترونیکی : [e-mail])
محمود  همت فر ³ (دانشیار گروه حسابداری، واحد بروجرد، دانشگاه آزاد اسلامی، بروجرد، ایران. آدرس پست الکترونیکی : [e-mail])

Received: 2022-12-20 Accepted : 2023-02-13 Published : 2022-11-22

Keywords: Keywords: Firm value, Managers' narcissism and Emotional intelligence,

Abstract :

AbstractThe present study aims to examine the relationship between emotionalintelligence and narcissism of managers with the firm value . In termsof its purpose, the research is an applied and correlational type ofresearch. The research data was collected from the actual financialstatements of the companies through the Kodal website and a standardquestionnaire and compiled using Excel software. The method of testingthe hypotheses is multivariate regression using the statistical softwareEvioz 12. The number of samples is 132 companies. The findings showthat managers' narcissism has a negative and significant relationshipwith firm value. And managers' emotional intelligence has a positive andsignificant relationship with firm value. The findings of this research canbe examined from two theoretical and practical aspects. The theoreticalaspect that leads to a better understanding of the literature related toemotional intelligence and narcissism, which is one of the importantdimensions of the psychological personality of managers, and thepractical aspect that helps investors and other real and legal stakeholdersto consider managers' narcissism when making decisions. Becausenarcissism can affect managers' judgment of the possibility of differentoutcomes.

References:

منابع
- Agnihotri A ,Bhattacharya S.(2021). CEO narcissism and myopic management
:Industrial Marketing Mangement;97:145-158.
- Ali Zadeh, Z. (2017). The relationship between moral intelligence and emotional
intelligence with moral behavior, The Quarterly Journal of Ethics in Science and
Technology, 13(2), 174-167. ( Persian)
- Aslam, et al. (2018). How to improve employee performance. Human Resource
Management International Digest, 26(6), 11–13.
- Arena, C., Michelon, G., & Trojanowski, G. (2018). Big egos can be green: A study of
CEO hubris and environmental innovation. British Journal of Management, 29, 316–336.
- Alves C, Guedes M.(2022). Narcissistic leaders do not share.The relationship between
top manaers narcissism and the distribution of value added.Finance Research Letters, 49,
10-35 .
- Bachrach, D., Yong kim, K., Patel, P., Harms,P,D.(2022). Birds of a feather?: Firm sales
growth and narcissism in the upper echelons at the CEO-TMT interface. The Leadership
Quarterly,33(4).
-Bashirimanesh,N.,Vaghfi,S,H., Shamsodini,K.(2022).The Effect of Narcissistic
Managers on Internal and External Social Performance with a Moderating Role of
Overconfidence, Financial and Behavioral Researches in Accounting , 2(4),53-72.[
Persian].
- Bar-On R. (2006). The Bar-On model of emotionalsocial intelligence (ESI). Psicothema;
18(3): 13-25.
- Capalbo, F., Frino, A., Lim, M., Mollica, A., & Palumbo, R. (2017). The impact of CEO
narcissism on earnings management. Abacus, 54, 210–226.
- Chatterjee, A., & Hambrick, D. C. (2007). It's all about me: Narcissistic chief executive
officers and their effects on company strategy and performance. Administrative Science
Quarterly, 52, 351–386.
- Cheng, S.-L., & Chang, H. C. (2009). Performance implications of cognitive
complexity: An empirical study of cognitive strategic groups in semiconductor industry.
Journal of Business Research, 62(12), 1311–1320.
- Cho, C. K., Cho, T. S., & Lee, J. (2019). Managerial attributes, consumer proximity,
and corporate environmental performance. Corporate Social Responsibility and
Environmental Management, 26, 159–169.
- Chun, P., Yin fat, B.,Wei, C., Jin ,T.(2020).Emotional Intelligennce in Small and
Medium Entreprises: Exploring its Effect on Ambidextrous Behaviours and Firm
Performance. Engineering & Management,82,715-726.
- Eisakhani Khansari, K., Kheradyar, S., Bani Mohd, B. (2022). Emotional Intelligence
and Ethical Orientation in Accounting Students. Ethics in Science and Technology; 17(1):
126-131. ( Persian)
- Ezzi F, Jarboui A, Zouari-Hadiji R (2020). Exploring the relationship between
managerial emotional intelligence, R&D and CSR performance: A mediated moderation
analysis. Journal of High ,1-15
- Ghadakforoushan, M.(2019). Impact of tax risk, Corporate Governance and Social
Responsibility on the firm value,ph.d in Financial Management, Yazd, University.
194 / ..... .. ....... . واکاوی رابطه هوش هیجانی و خودشیفتگی مدیران با ارزش شرکت .. .
- Hassanzadeh Kocho M, Mahdinia Osboei A.(2022).The effect of CEO Narcissism on
Firm Value. Journal of New Research Approaches in Management And Accounting,6(85),
1762-1776.[ Persian].
- Khajavi,sh., Dehghani Saadi, A,A,. Roosta, M.(2018).Investigation the Moderating Role
of CEO Narcissism on Explaining the Relationship between Corporate Social
Responsibility and Financial Performance of Listed Companies Tehran Stock
Exchange,(39),57-74.[ Persian].
- Kim, H.,Foroudi , P.(2020). Linking manager emotional intelligence,cognitive ability
and firm performance:Insighs form Vietnamese firms. Cogent Business &
Management,7(1), 48-62.
- Khajavi,sh.,Rahmani,M.(2018). Examining the effect of managers' narcissism on the risk
of falling stock prices: Evidence from the Tehran Stock Exchange ,Journal of Knowledge
of Securities Analysis,11(37),1-15.[ Persian]
- Mashayekh,S.,Habibzade,M.,Hasanzade Kucho,M.(2020). The Effect of CEO
Narcissism on Voluntary Disclosure.Accounting and Auditing Review, 27(4),649-671.[
Persian].
- Oreilly, C. A. III, Doerr, B., Caldwell, D. F., & Chatman, J. A. (2014). Narcissistic
CEOs and executive compensation. The Leadership Quarterly, 25 (2), 218–231.
- Razak L, Badollahi I. (2020). The Role of CEO Narcissism in Creating Firm Value.
International Journal of Innovative Science and Research Technology; 5(11):221-225.
- Soleimany amiri,GH.,Hasanzade kuchou,M.,Habibzade,M.(2022).Management
Narcissism and Audit Fees.Journal of Empirical Research in Accounting ,12(44),47-64.[
Persian].
- Shahed Hosseni,S.(2018).Explain the relationship between emotional and intelligence
quotient with the types of earnings management with an emphasis on narcissism of
managers.ph.d thesis Accounting , Islamic Azad University, Damavand Branch.[Persian]
Thomas,J., Monk,j.(2022).Senior Managers and the Impact of Emotional Intelligence on
Firm Performance, Capella university ProQuest Dissertation Publishing .
- Waskitho, NT, Arif SS, Maksum M, Susanto S. (2010). Study on amortization in
irrigation technology system. Malaysia: Proceedings of the 3rd International Conference
on Mathematics and Natural Sciences.
- Yook K-H, Lee S-Y. (2020). Chief executive officer narcissism and firm value: The
mediating role of corporate social responsibility in the South Korean context. Corporate
Social Responsibility and Environmental Management,27(4),1809-1718 .
- Zhang L, Liang B, Bi D, Zhou Y and Yu X. (2021) .Relationships Among CEO
Narcissism, Debt Financing and Firm Innovation Performance: Emotion Recognition
Using Advanced Artificial Intelligence.Front psychol,

_||_

منابع
- Agnihotri A ,Bhattacharya S.(2021). CEO narcissism and myopic management
:Industrial Marketing Mangement;97:145-158.
- Ali Zadeh, Z. (2017). The relationship between moral intelligence and emotional
intelligence with moral behavior, The Quarterly Journal of Ethics in Science and
Technology, 13(2), 174-167. ( Persian)
- Aslam, et al. (2018). How to improve employee performance. Human Resource
Management International Digest, 26(6), 11–13.
- Arena, C., Michelon, G., & Trojanowski, G. (2018). Big egos can be green: A study of
CEO hubris and environmental innovation. British Journal of Management, 29, 316–336.
- Alves C, Guedes M.(2022). Narcissistic leaders do not share.The relationship between
top manaers narcissism and the distribution of value added.Finance Research Letters, 49,
10-35 .
- Bachrach, D., Yong kim, K., Patel, P., Harms,P,D.(2022). Birds of a feather?: Firm sales
growth and narcissism in the upper echelons at the CEO-TMT interface. The Leadership
Quarterly,33(4).
-Bashirimanesh,N.,Vaghfi,S,H., Shamsodini,K.(2022).The Effect of Narcissistic
Managers on Internal and External Social Performance with a Moderating Role of
Overconfidence, Financial and Behavioral Researches in Accounting , 2(4),53-72.[
Persian].
- Bar-On R. (2006). The Bar-On model of emotionalsocial intelligence (ESI). Psicothema;
18(3): 13-25.
- Capalbo, F., Frino, A., Lim, M., Mollica, A., & Palumbo, R. (2017). The impact of CEO
narcissism on earnings management. Abacus, 54, 210–226.
- Chatterjee, A., & Hambrick, D. C. (2007). It's all about me: Narcissistic chief executive
officers and their effects on company strategy and performance. Administrative Science
Quarterly, 52, 351–386.
- Cheng, S.-L., & Chang, H. C. (2009). Performance implications of cognitive
complexity: An empirical study of cognitive strategic groups in semiconductor industry.
Journal of Business Research, 62(12), 1311–1320.
- Cho, C. K., Cho, T. S., & Lee, J. (2019). Managerial attributes, consumer proximity,
and corporate environmental performance. Corporate Social Responsibility and
Environmental Management, 26, 159–169.
- Chun, P., Yin fat, B.,Wei, C., Jin ,T.(2020).Emotional Intelligennce in Small and
Medium Entreprises: Exploring its Effect on Ambidextrous Behaviours and Firm
Performance. Engineering & Management,82,715-726.
- Eisakhani Khansari, K., Kheradyar, S., Bani Mohd, B. (2022). Emotional Intelligence
and Ethical Orientation in Accounting Students. Ethics in Science and Technology; 17(1):
126-131. ( Persian)
- Ezzi F, Jarboui A, Zouari-Hadiji R (2020). Exploring the relationship between
managerial emotional intelligence, R&D and CSR performance: A mediated moderation
analysis. Journal of High ,1-15
- Ghadakforoushan, M.(2019). Impact of tax risk, Corporate Governance and Social
Responsibility on the firm value,ph.d in Financial Management, Yazd, University.
194 / ..... .. ....... . واکاوی رابطه هوش هیجانی و خودشیفتگی مدیران با ارزش شرکت .. .
- Hassanzadeh Kocho M, Mahdinia Osboei A.(2022).The effect of CEO Narcissism on
Firm Value. Journal of New Research Approaches in Management And Accounting,6(85),
1762-1776.[ Persian].
- Khajavi,sh., Dehghani Saadi, A,A,. Roosta, M.(2018).Investigation the Moderating Role
of CEO Narcissism on Explaining the Relationship between Corporate Social
Responsibility and Financial Performance of Listed Companies Tehran Stock
Exchange,(39),57-74.[ Persian].
- Kim, H.,Foroudi , P.(2020). Linking manager emotional intelligence,cognitive ability
and firm performance:Insighs form Vietnamese firms. Cogent Business &
Management,7(1), 48-62.
- Khajavi,sh.,Rahmani,M.(2018). Examining the effect of managers' narcissism on the risk
of falling stock prices: Evidence from the Tehran Stock Exchange ,Journal of Knowledge
of Securities Analysis,11(37),1-15.[ Persian]
- Mashayekh,S.,Habibzade,M.,Hasanzade Kucho,M.(2020). The Effect of CEO
Narcissism on Voluntary Disclosure.Accounting and Auditing Review, 27(4),649-671.[
Persian].
- Oreilly, C. A. III, Doerr, B., Caldwell, D. F., & Chatman, J. A. (2014). Narcissistic
CEOs and executive compensation. The Leadership Quarterly, 25 (2), 218–231.
- Razak L, Badollahi I. (2020). The Role of CEO Narcissism in Creating Firm Value.
International Journal of Innovative Science and Research Technology; 5(11):221-225.
- Soleimany amiri,GH.,Hasanzade kuchou,M.,Habibzade,M.(2022).Management
Narcissism and Audit Fees.Journal of Empirical Research in Accounting ,12(44),47-64.[
Persian].
- Shahed Hosseni,S.(2018).Explain the relationship between emotional and intelligence
quotient with the types of earnings management with an emphasis on narcissism of
managers.ph.d thesis Accounting , Islamic Azad University, Damavand Branch.[Persian]
Thomas,J., Monk,j.(2022).Senior Managers and the Impact of Emotional Intelligence on
Firm Performance, Capella university ProQuest Dissertation Publishing .
- Waskitho, NT, Arif SS, Maksum M, Susanto S. (2010). Study on amortization in
irrigation technology system. Malaysia: Proceedings of the 3rd International Conference
on Mathematics and Natural Sciences.
- Yook K-H, Lee S-Y. (2020). Chief executive officer narcissism and firm value: The
mediating role of corporate social responsibility in the South Korean context. Corporate
Social Responsibility and Environmental Management,27(4),1809-1718 .
- Zhang L, Liang B, Bi D, Zhou Y and Yu X. (2021) .Relationships Among CEO
Narcissism, Debt Financing and Firm Innovation Performance: Emotion Recognition
Using Advanced Artificial Intelligence.Front psychol,