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

• Tipo: Artigo em Revista Científica Internacional
• Data: 2022

Autores

Carlos Alves (Autor) FEP; Guedes, MJ (Autor) Outra

Revista

Título: Finance Research Letters

Vol. 49

ISSN: 1544-6123

Editora: Elsevier

Indexação

ISI Web of Knowledge - 2 Citações

Scopus - 2 Citações

Outras Informações

ID Authenticus: 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.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 6