Managers' narcissism and firm value: The moderating role of corporate social responsibility

Subject Areas : Human Resources Excellence

Sobhan Abdolrezaei ¹ , Mohammd Hassan Janani ² , Mahmoud Hematfar ³

1 - Department of Accounting, Broujerd Branch, Islamic Azad University, Broujerd, Iran
2 - Department of Accounting, Broujerd Branch, Islamic Azad University,Broujerd, Iran
3 - Department of Accounting, Broujerd Branch, Islamic Azad University, Broujerd, Iran

Received: 2022-11-20 Accepted : 2023-01-25 Published : 2023-01-21

Keywords: "corporate social responsibility performance", "firm value", "managers' narcissism",

Abstract :

The aim of the current research is to relate managers' narcissism with company value and the moderating role of corporate social responsibility performance. In terms of purpose, the research is applied and correlational. In this regard, 132 companies were selected as sample member companies that were active in the Tehran Stock Exchange during 2019-2020. In order to check managers' narcissism, managers' cash bonus index was used, to measure the company's social responsibility, the corporate social responsibility disclosure checklist in Iran was used, and to determine the company's value, Kytobin was used. The research data was collected from the real financial statements of the companies through the Kodal website and compiled using Excel software. The method of testing the hypotheses is multivariate regression using Eviuse 12 software. The findings showed that managers' narcissism has no significant relationship with company value. Corporate social responsibility performance does not have a moderating role on the relationship between managers' narcissism and company value. The results of this research add to the development of the literature related to managers' narcissism and company value.