CEO Narcissism and Global Performance Variance in Multinational Enterprises: The Roles of Foreign Direct Investment Risk-Taking and Business Group Affiliation

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Riikka M. Sarala, Virginia Batte Phillips Distinguished Professor of International Business (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: This study examines key mechanisms through which CEO narcissism influences globalperformance variance in the context of Asian emerging market multinational enterprises. Buildingon the contextual reinforcement model of narcissism and the cushion hypothesis, we focus on therole of foreign direct investment (FDI) risk-taking and business group affiliation (BGA). We testour moderated mediation model on data from 149 South Korean multinational enterprises from2006 to 2016. The results show that CEO narcissism is positively associated with FDI risk-taking.The effect of CEO narcissism on global performance variance is mediated by FDI risk-taking.Furthermore, BGA moderates the above-mentioned relationships. Our findings offer importantcontributions to the international business and CEO narcissism literatures.

Additional Information

Publication
British Journal of Management, 34(1)
Language: English
Date: 2022
Keywords
CEO narcissism, multinational enterprises, foreign direct investment, business group affiliation

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