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Female CEOs with a squeeze of narcissism: A perfect cocktail for corporate performance?

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  • Aabo, Tom
  • Rønnow, Sara Korsdal

Abstract

Narcissism is prevalent in the upper echelons, and CEO narcissism has been shown to affect corporate outcomes (although not corporate performance in a significant and robust way). We argue that narcissism may be performance enhancing in the context of female CEOs because female CEOs are unique – based on both nurture (i.e., the double bind) and nature (i.e., evolutionary traits) – in being able to exploit the bright sides of narcissism while moderating its dark sides. Our empirical results support our arguments. Thus, we find that narcissistic, female CEOs beat their male peers in terms of corporate performance.

Suggested Citation

  • Aabo, Tom & Rønnow, Sara Korsdal, 2024. "Female CEOs with a squeeze of narcissism: A perfect cocktail for corporate performance?," Finance Research Letters, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004999
    DOI: 10.1016/j.frl.2024.105469
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    References listed on IDEAS

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    More about this item

    Keywords

    Behavioral corporate finance; Gender; CEO narcissism; Corporate performance;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G40 - Financial Economics - - Behavioral Finance - - - General

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