In pursuit of greatness: CEO narcissism, entrepreneurial orientation, and firm performance variance

William J. Wales, Pankaj C. Patel, G. T. Lumpkin

Research output: Contribution to journalArticle

107 Scopus citations

Abstract

Building upon the perspective that narcissism is a leadership trait with both 'bright' and 'dark' sides, the present study examines the question of whether companies led by narcissistic CEOs exhibit higher levels of entrepreneurial orientation (EO). Moreover, this research examines whether EO partially explains why narcissistic CEO-led firms experience greater variability in firm performance. Using survey data collected from 173 CEOs, and an archival measure of firm performance variance, we find support for our model. These findings offer an improved understanding of how CEO narcissism influences performance variance, and why the firms they lead may even, at times, be viewed as on a path to success. Study implications are discussed.

Original languageEnglish (US)
Pages (from-to)1041-1069
Number of pages29
JournalJournal of Management Studies
Volume50
Issue number6
DOIs
StatePublished - Sep 1 2013

Keywords

  • CEO leadership traits
  • Entrepreneurial orientation
  • Firm performance variance
  • Narcissism
  • Strategic posture

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation

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