Login

 

Show simple item record

dc.contributor.author Marquez-Illescas, Gilberto
dc.contributor.author Zebedee, Allan A.
dc.contributor.author Zhou, Linying
dc.date.accessioned 2019-10-30T18:59:16Z
dc.date.available 2019-10-30T18:59:16Z
dc.date.issued 2018-01-20
dc.identifier.citation Gilberto Marquez-Illescas, Allan A. Zebedee, Linying Zhou (January 2018). "Hear Me Write: Does CEO Narcissism Affect Disclosure?" Jouranl of Business Ethics. en_US
dc.identifier.issn 0167-4544
dc.identifier.uri http://hdl.handle.net/10211.3/214035
dc.description.abstract Through earnings announcements, conference calls, and other press releases, corporate executives have an opportunity to frame the narrative of financial disclosures. Numerous studies have shown that textual tone significantly influences stock returns, suggesting that through word choice, upper management may impact market reaction. In this study, we examine the influence of CEO personality traits on corporate disclosures by analyzing the tone of earnings announcements for a sample of Fortune 500 CEOs over nearly two decades. Our hypotheses are two-fold: 1) that qualitative disclosures in firms with narcissistic leaders will be biased upward and 2) the bias will moderate as CEOs becomes older. Our empirical results support these hypotheses and suggest that more narcissistic CEOs tend to reinforce their grandiose self-image by issuing more positive earnings announcements but this desire wanes with CEO age. We also find that the stock market response to the tone of the earnings announcement is less pronounced for more narcissistic CEOs, suggesting the market takes into account the bias in narcissistic CEO announcements. This is a post-peer-review, pre-copy edit version of an article published in Journal of Business Ethics. The final authenticated version is available online at: https://doi.org/10.1007/s10551-018-3796-3 en_US
dc.format.extent 39 en_US
dc.language.iso en en_US
dc.publisher Journal of Business Ethics en_US
dc.relation.uri https://doi.org/10.1007/s10551-018-3796-3 en_US
dc.rights Springer Nature. This is a post-peer-review, pre-copy edit version of an article published in Journal of Business Ethics. The final authenticated version is available online at: https://doi.org/10.1007/s10551-018-3796-3 en_US
dc.subject CEO en_US
dc.subject CEO age en_US
dc.subject earnings announcements en_US
dc.subject narcissism en_US
dc.subject textual analysis en_US
dc.title Hear Me Write: Does CEO Narcissism Affect Disclosure? en_US
dc.type Article en_US


Files in this item

Icon

This item appears in the following Collection(s)

Show simple item record

Search DSpace


My Account

RSS Feeds