Narcissistic leaders do not share! The relationship between top managers' narcissism and the distribution of value added

• Type: Article in International Scientific Journal
• Date: 2022

Authors

Carlos Alves (Author) FEP; Guedes, MJ (Author) Other

Journal

Title: Finance Research Letters

Vol. 49

ISSN: 1544-6123

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 2 Citations

Scopus - 2 Citations

Other information

Authenticus ID: P-00W-NWX

DOI: 10.1016/j?l.2022.103054

Abstract (EN): Stakeholder theory implies that firms' economic and social purpose is to create value for all their stakeholders, without favoring any group. However, the distribution of the value created is a matter of choice for each firm. Thus, it may reflect the top managers' characteristics. Accordingly, this paper examines whether the narcissism of top managers impacts the creation and distribution of value added. The results show that narcissism does not impact the total value added. However, narcissistic top managers capture more value for themselves, paying less to employees. Other stakeholder groups are not affected by the narcissism of top managers.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6