CEO Narcissism, Risk-Taking, and Resilience: An Empirical Analysis in U.S. Commercial Banks (Record no. 52465)
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| fixed length control field | 02144nam a2200217 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190821150354.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190821b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Buyl, Tine |
| 9 (RLIN) | 34280 |
| 245 ## - TITLE STATEMENT | |
| Title | CEO Narcissism, Risk-Taking, and Resilience: An Empirical Analysis in U.S. Commercial Banks |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1372-1400 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In this study, we investigate how CEO narcissism, in combination with corporate governance practices, impacts organizational risk-taking and how this in turn affects organizations’ resilience to environmental conditions. We examine these issues in the context of the recent collapse (systemic shock) of the U.S. banking industry in September 2008, using a sample of 92 CEOs from 2006 until 2014. We find that before the shock CEO narcissism positively affected the riskiness of banks’ policies, especially when compensation policies that encourage risk-taking (stock options) are in place. The positive effect of narcissism was dampened, however, when board monitoring was more effective (because of the presence of knowledgeable outsider directors). Furthermore, we find that these preshock features hamper organizations’ resilience to (economic) shocks, as banks led by more narcissistic CEOs before the September 2008 collapse experienced a slower recovery to preshock performance levels afterwards. This effect was partially mediated by banks’ preshock riskiness of policies. We attribute these effects to the associated depletion of the organizations’ internal resources (beyond slack). Post-hoc analyses further underscore this idea, showing that the U.S. government’s capital injections through the Troubled Assets Relief Program (TARP)—resolving the “problem” of resource depletion—moderated these effects. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | CEO narcissism |
| Uncontrolled term | Risk-taking, |
| Uncontrolled term | Resilience |
| Uncontrolled term | corporate governance |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Boone, Christophe |
| 9 (RLIN) | 34281 |
| Personal name | Wade, James B. |
| 9 (RLIN) | 34282 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29017 |
| Host Itemnumber | 74854 |
| Main entry heading | DEBORAH E. RUPP |
| Place, publisher, and date of publication | WEST LAFAYETTE SAGE PUBLICATION 2012 |
| Other item identifier | 55510430 |
| Title | JOURNAL OF MANAGEMENT |
| International Standard Serial Number | 0149-2063 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 21/08/2019 | Vol 45, Issue 4/ 55510430JA3 | 55510430JA3 | 21/08/2019 | 21/08/2019 |