Rights statement: The final, definitive version of this article has been published in the Journal, Human Relations, 76 (5), 2022, © SAGE Publications Ltd, 2022 by SAGE Publications Ltd at the Human Relations page: http://journals.sagepub.com/home/HUM on SAGE Journals Online: http://journals.sagepub.com/
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Final published version
Licence: CC BY: Creative Commons Attribution 4.0 International License
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Are Narcissistic CEOs Good or Bad for Family Firm Innovation?
AU - Rovelli, Paola
AU - De Massis, Alfredo
AU - Gomez-Mejia, Luis
PY - 2023/5/1
Y1 - 2023/5/1
N2 - Despite anecdotal evidence showing that some CEOs possess narcissistic personality traits, research on this individual characteristic is still lagging behind. Though the literature has established that narcissistic CEO traits may affect firm performance, it is not clear whether they act as constructive or destructing forces in family firms. This is particularly important given family firms’ attention towards the preservation of socioemotional wealth. A question thus arises: Can family firms benefit from narcissistic CEOs or should they avoid appointing individuals with this personality trait? Our analysis of unique data from Italian CEOs – collected through a survey and a psychometric test – reveals that CEO narcissism is lower in family firms, and among family CEOs. Nevertheless, in family firms, more narcissistic CEOs tend to exploit greater innovation opportunities by fostering higher top management teams strategic decision comprehensiveness. Our findings advance our understanding of narcissism in leadership positions, highlighting its importance for family firms’ innovation and providing meaningful contributions for research on CEO personality, family business and innovation, as well as for practitioners.
AB - Despite anecdotal evidence showing that some CEOs possess narcissistic personality traits, research on this individual characteristic is still lagging behind. Though the literature has established that narcissistic CEO traits may affect firm performance, it is not clear whether they act as constructive or destructing forces in family firms. This is particularly important given family firms’ attention towards the preservation of socioemotional wealth. A question thus arises: Can family firms benefit from narcissistic CEOs or should they avoid appointing individuals with this personality trait? Our analysis of unique data from Italian CEOs – collected through a survey and a psychometric test – reveals that CEO narcissism is lower in family firms, and among family CEOs. Nevertheless, in family firms, more narcissistic CEOs tend to exploit greater innovation opportunities by fostering higher top management teams strategic decision comprehensiveness. Our findings advance our understanding of narcissism in leadership positions, highlighting its importance for family firms’ innovation and providing meaningful contributions for research on CEO personality, family business and innovation, as well as for practitioners.
U2 - 10.1177/00187267221076834
DO - 10.1177/00187267221076834
M3 - Journal article
VL - 76
SP - 776
EP - 806
JO - Human Relations
JF - Human Relations
SN - 0018-7267
IS - 5
ER -