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:: Volume 12, Issue 47 (Quarterly Journal of Fiscal and Economics Policies 2024) ::
qjfep 2024, 12(47): 97-125 Back to browse issues page
CEO Narcissism, Credit Risk and Corporate Innovation
Reza Taheri abed * , Rahmat Khorasani Ejbarkolaee , Ali Shirzad Kebria , Jafar Azizi
Tabari Higher Education Institute
Abstract:   (354 Views)
Narcissism is a prominent personality trait, particularly common among corporate leaders, with a significant impact on their judgment and decision-making. This influence extends to the level of investment in research and development (R&D) within the companies they lead, potentially affecting corporate innovation. This study examines the impact of CEO narcissism on corporate innovation and the moderating effect of credit risk. Given the research constraints, a sample of 26 pharmaceutical companies listed on the Tehran Stock Exchange from 1389 to 1401 was analyzed. Data were collected from explanatory notes attached to financial statements and board reports. CEO narcissism was measured using signature size, while corporate innovation was assessed through R&D expenditure. Hypotheses were tested using panel data (with year effects controlled) and multivariate regression models. The results reveal that CEO narcissism does not affect corporate innovation. Additionally, credit risk does not moderate the relationship between CEO narcissism and corporate innovation. These findings expand the theoretical understanding of CEO narcissism and offer practical implications for R&D investment decisions and the selection of corporate managers.
Keywords: Signature Size, CEO Narcissism, R&D Investment, Credit Risk, Behavioral Finance
Full-Text [PDF 999 kb]   (172 Downloads)    
Type of Study: Research | Subject: Special
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taheri abed R, Khorasani Ejbarkolaee R, Shirzad Kebria A, Azizi J. CEO Narcissism, Credit Risk and Corporate Innovation. qjfep 2024; 12 (47) :97-125
URL: http://qjfep.ir/article-1-1638-en.html


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Volume 12, Issue 47 (Quarterly Journal of Fiscal and Economics Policies 2024) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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