Impact of CEO Narcissism and Hubris on Corporate Sustainability and Firm Performance

PurposeThe past sustainability literature on the effects of nonfinancial disclosures on a firm's performance is highly fragmented. Thus, the authors raise the following research questions to test potential differences: Is sustainability reporting (SR) based on the Global Reporting Initiative (GRI) or other systematic reporting framework associated with firm performance? Does quality or level of SR impact firm performance? Do firm-, industry- and country-level factors moderate the effect of SR on firm performance? Does the presence of publication bias affect this relationship?Design/methodology/approachMeta-analysis technique suggested by Hedges & Olkin (1985) was used to analyze a sample of 98 effect sizes reported in 60 studies published between 2010 and 2020 studying SR–performance associations. Meta-regression and subgroup analyses were used to investigate the moderating variables accounting for this heterogeneity in the relationship.FindingsResults reveal that level and quality of SR influence the market-, accounting- and operational-based measures of firm performance. Meta-regression results depict that for large, matured firms, or the ones with institutional investors as board members or the ones that actively participate SR quality awards, SR translates better into firm performance. Subgroup analyses demonstrate that the SR–firm performance relationship is moderated by the corporate governance (CG) system of the country and the firm's affiliation to environmentally sensitive industries.Originality/valueThese findings extend theoretical and practical understanding on effects of corporate sustainability communications on performance.

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Damned Out of Their Own Mouths: CEO Narcissism in M&A Decision-Making and Its Impact on Firm Performance

SSRN Electronic Journal ◽

10.2139/ssrn.1344119 ◽

2009 ◽

Cited By ~ 4

Author(s):

Yue (Lucy) Liu ◽

Richard J. Taffler

Keyword(s):

Decision Making ◽

Firm Performance ◽

Ceo Narcissism

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Effect of Corporate Sustainability on Corporate Reputation and Firm Performance of Companies in Thailand

Asian Social Science ◽

10.5539/ass.v16n11p31 ◽

2020 ◽

Vol 16 (11) ◽

pp. 31

Author(s):

Nichanal Lamsam

Keyword(s):

Structural Equation Modeling ◽

Data Analysis ◽

Firm Performance ◽

Corporate Reputation ◽

Structural Equation ◽

Corporate Sustainability ◽

Three Dimensions ◽

Equation Modeling ◽

Bottom Line ◽

Sustainability Practice

This research analyzes the contribution of corporate sustainability practice on corporate reputation and firm performance of companies in Thailand. This research is based on the Triple Bottom Line framework which conceptualizes sustainability into three dimensions: environmental, social, and economic. The data were obtained from a total of 196 firms through online questionnaires surveys. Partial least squares structural equation modeling was used for the data analysis. The results show that all three dimensions of corporate sustainability positively and significantly determine corporate reputation. Corporate reputation also positively and significantly determines firm performance. Lastly, corporate reputation is also found to mediates the linkage between all three dimensions of corporate sustainability practice and firm performance.

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Curvilinear Effect of CEO Narcissism on Firm Performance

PsycEXTRA Dataset ◽

10.1037/e518332013-263 ◽

2012 ◽

Author(s):

Zhen Zhang ◽

Suzanne J. Peterson ◽

Christopher S. Reina

Keyword(s):

Firm Performance ◽

Ceo Narcissism ◽

Curvilinear Effect

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