Lee, J.Y., Ha, Y. orcid.org/0000-0002-3576-2772, Wei, Y. et al. (1 more author) (2023) CEO narcissism and global performance variance in multinational enterprises : the roles of foreign direct investment risk-taking and business group affiliation. British Journal of Management, 34 (1). pp. 512-535. ISSN 1045-3172
Abstract
This study examines key mechanisms through which CEO narcissism influences global performance variance in the context of Asian emerging market multinational enterprises (AEMNEs). Building on the contextual reinforcement model of narcissism and the cushion hypothesis, we focus on the role of foreign direct investment (FDI) risk-taking and business group affiliation (BGA). We test our moderated mediation model on data from 149 South Korean MNEs from 2006 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 important contributions to the international business and CEO narcissism literatures.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022 The Authors. British Journal of Management published by John Wiley & Sons Ltd on behalf of British Academy of Management. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made (http://creativecommons.org/licenses/by-nc-nd/4.0/). |
Keywords: | CEO Narcissism; FDI Risk-taking; Global Performance Variance; Business Group Affiliation; Foreign Direct Investment; Emerging Markets |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 27 Jan 2022 17:02 |
Last Modified: | 24 Feb 2023 12:08 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/1467-8551.12592 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:182998 |