Chief Executive Officer Narcissism and Environmental, Social, and Governance Performance: The Moderating Role of Chief Executive Officer Gender

IF 8.3 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2024-12-16 DOI:10.1002/csr.3065

Nana Adwoa Anokye Effah, Qinggang Wang, Kun Su

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Abstract

This study explores the influence of Chief Executive Officer (CEO) narcissism on the environmental, social, and governance (ESG) performance of listed firms on the Johannesburg stock market (JSE). Using hand-collected data from annual reports and ESG rating data from the CSRHub dataset, we conducted empirical analyses for 81 firms from 2014 to 2022. As the first study to assess CEO narcissism using a validated unobtrusive measure in the South African market, the Driscoll and Kraay approach of panel corrected standard errors was employed in the main analysis, while the two-stage least squares (2SLS) model was used for robustness. Results revealed that there is a negative and significant relationship between CEO narcissism and ESG performance. Moreover, CEO gender positively moderates the negative relationship between CEO narcissism and ESG performance. The results provide a meaningful empirical addition to the upper echelons literature by delineating the implications of the dark sides of narcissism for management, regulators, and policymakers.

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.