Financial performance and tone of financial disclosures: The moderating effect of CEO narcissism

被引：0

作者：

Illescas, Gilberto Marquez ^{[1
]}

Sauer, Stephen J. ^{[2
]}

Zebedee, Allan A. ^{[3
,4
]}

Zhou, Linying ^{[5
]}

机构：

[1] Univ Rhode Isl, Coll Business, Kingston, RI USA

[2] Cornell Univ, SC Johnson Coll Business, Ithaca, NY USA

[3] Clarkson Univ, Reh Sch Business, Potsdam, NY USA

[4] Hunan Univ, Ctr Econ Finance & Management Studies, Changsha, Hunan, Peoples R China

[5] Calif State Univ San Marcos, Coll Business Adm, San Marcos, CA 92069 USA

来源：

ACCOUNTING AND FINANCE | 2025年 / 65卷 / 01期

关键词：

financial disclosure; financial performance; narcissism; tone; DARK TRIAD; GRANDIOSE NARCISSISM; COMMUNICATIVE ACTION; SELF-PRESENTATION; PERSONALITY; PRESS; EXPECTATIONS; MANAGEMENT; OPTIMISM; IMPACT;

D O I：

10.1111/acfi.13344

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using an experimental approach, this study shows that the effect of financial performance on tone is weaker in firms led by a more narcissistic chief executive officer (CEO) because narcissistic CEOs inflate the tone relatively more when reporting worse results. This suggests that factoring CEO narcissism into the assessment of the tone of financial disclosures is especially relevant in situations in which firms report negative financial information. Our findings demonstrate that the impact of CEO narcissism may not only exert a direct influence on firm-level outcomes, such as the tone of financial disclosures, but it could also moderate the influence of other factors.

引用

页码：691 / 712

页数：22

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