CEO narcissism and cross-boundary growth: Evidence from Chinese publicly listed manufacturing firms

IF 2.2 4区管理学 Q3 BUSINESS

Asian Business & Management Pub Date : 2023-11-02 DOI:10.1057/s41291-023-00246-1

Lin Yang, Jingyi Yang, Chenjian Zhang, Liangliang Lu

引用次数: 0

Abstract

Abstract Prior research has shown that CEO narcissism can significantly impact firms’ strategic decision-making and performance. Additionally, studies on cross-boundary growth have demonstrated its positive effect on firms’ financial performance. However, little is known about the relationship between CEO narcissism and firms’ cross-boundary growth. In this study, we integrate upper echelon theory and agency theory and propose that CEO narcissism has a positive effect on a firms’ cross-boundary growth, both domestically and internationally. Furthermore, different types of corporate ownership and ownership concentration have varying effects on this relationship. Our research analyzed publicly listed manufacturing firms in China from 2005 to 2014 and found supportive evidence for our hypotheses. This study offers insight into how micro factors, such as CEO narcissism, can affect a firms’ growth strategy. Our study further sheds light on the differentiating role of corporate ownership and ownership concertation in affecting this relationship.

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CEO自恋与跨界成长:来自中国制造业上市公司的证据

已有研究表明，CEO自恋对企业战略决策和绩效有显著影响。此外，研究表明，跨界增长对企业财务绩效有积极影响。然而，CEO自恋与企业跨界成长之间的关系却鲜为人知。在本研究中，我们将上层梯队理论与代理理论相结合，提出CEO自恋对企业在国内和国际上的跨界成长都有积极的影响。此外，不同类型的公司所有权和股权集中度对这一关系的影响是不同的。我们的研究分析了2005年至2014年中国公开上市的制造业公司，并为我们的假设找到了支持的证据。这项研究为微观因素(如CEO自恋)如何影响公司的增长战略提供了深入的见解。我们的研究进一步揭示了公司所有权和所有权集中度在影响这一关系中的差异化作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Business & Management Multiple-

CiteScore

5.80

自引率

7.70%

发文量

期刊介绍： Asian Business & Management (ABM) is an academic management and business journal with a focus on Asia. The journal covers topics in the areas of corporate governance, human resource management, marketing, organizational behavior, organization theory, strategy, technology management, and related areas. ABM distinguishes itself from general business and management journals as it focuses on the Asian context. The focus on Asia is an important and appealing feature of ABM. ABM is open to different methodological approaches, including quantitative, qualitative, mixed-methods, and conceptual work, contributing to an enhanced understanding of Asian business and management. Please refer to the 2018 Editorial for further details: https://link.springer.com/article/10.1057/s41291-017-0028-0 A rigorous double-blind peer review system, involving in-country and international refereeing, ensures that articles meet the highest quality standards.