TQM Journal, Volume (33), No (6), Year (2021-11) , Pages (1123-1142)

Title : ( The relationship between managers’ narcissism and overconfidence on corporate risk-taking )

Authors: Mahdi Salehi , Amirhosein Afzal Aghaei Naeini , Safoura Rouhi ,

Access to full-text not allowed by authors

Citation: BibTeX | EndNote

Abstract

Purpose – The primary purpose is to investigate the relationship between narcissism and managers’ overconfidence in listed companies’ risk-taking. Design/methodology/approach – In this study, two criteria of signature and reward are used to measure manager’s narcissism; manager’s overconfidence, using multiple regression models and finally to measure companies’risk-taking by using companies’ monthly returns. Multiple regression is employed to test the model using a sample of 890 firm-year participation on the Tehran Stock Exchange from 2012 to 2017 with panel data and model with fixed effects. Findings – The findings indicate that the CEO’s narcissism and the board of directors positively and significantly affect corporate risk-taking. Also, managers’ overconfidence has a positive and significant relationship with corporate risk-taking. Originality/value – The results of this study identified other factors affecting companies’ risk-taking. This study also contributed to the development of the literature on narcissism, overconfidence and corporate risk taking

Keywords

, CEO narcissism, Board narcissism, Manager’s overconfidence, Corporate risk-taking
برای دانلود از شناسه و رمز عبور پرتال پویا استفاده کنید.

@article{paperid:1089930,
author = {Salehi, Mahdi and Amirhosein Afzal Aghaei Naeini and Safoura Rouhi},
title = {The relationship between managers’ narcissism and overconfidence on corporate risk-taking},
journal = {TQM Journal},
year = {2021},
volume = {33},
number = {6},
month = {November},
issn = {1754-2731},
pages = {1123--1142},
numpages = {19},
keywords = {CEO narcissism; Board narcissism; Manager’s overconfidence; Corporate risk-taking},
}

[Download]

%0 Journal Article
%T The relationship between managers’ narcissism and overconfidence on corporate risk-taking
%A Salehi, Mahdi
%A Amirhosein Afzal Aghaei Naeini
%A Safoura Rouhi
%J TQM Journal
%@ 1754-2731
%D 2021

[Download]