Should Entrepreneurially Oriented Firms Have Narcissistic CEOs?

Extant research has shown that firms with high levels of entrepreneurial orientation (EO) outperform competitors. The present study sheds light on this performance relationship in large, publicly listed high-tech firms by examining whether the strength of this relationship depends upon the CEO’s nar...

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Bibliographic Details
Published in:Journal of management 2016-03, Vol.42 (3), p.698-721
Main Authors: Engelen, Andreas, Neumann, Christoph, Schmidt, Susanne
Format: Article
Language:English
Subjects:
Chief executive officers
Competition
Entrepreneurship
High tech industries
Narcissism
Personality traits
Studies
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Summary:Extant research has shown that firms with high levels of entrepreneurial orientation (EO) outperform competitors. The present study sheds light on this performance relationship in large, publicly listed high-tech firms by examining whether the strength of this relationship depends upon the CEO’s narcissism, an executive personality trait recently debated controversially in both academic and practitioner publications. A theoretically derived research model is empirically validated by means of multisource secondary data for 41 S&P 500 firms from 2005 to 2007. Findings indicate that narcissistic CEOs usually weaken the EO-performance relationship, although the opposite is true under some conditions, such as in highly concentrated and dynamic markets.
ISSN:0149-2063
1557-1211
DOI:10.1177/0149206313495413