自恋型CEO对企业战略决策效果的影响机制研究
|
摘要
自恋型CEO对组织的影响效果是近年来组织行为领域的研究热点,然而现有研究尚未从战略决策过程视角思考自恋型CEO的影响作用。鉴于此,以领导特质模型和权力聚焦理论为基础,探讨自恋型CEO对企业战略决策效果的影响及其内在机制和边界条件。通过对116个企业高管团队进行多时点的问卷调查,层级回归结果表明:自恋型CEO与战略决策全面性显著负相关,但与战略决策速度显著正相关;高管团队战略决策参与在其中起到了中介作用。此外,CEO权力强度调节了自恋型CEO与高管团队战略决策参与之间的负向关系,即CEO权力越大,自恋型CEO对高管团队战略决策参与的负向影响越强。
In recent years, CEO narcissism becomes a heated topic in the field of organizational behavior. However,there is few research focusing on how narcissistic CEO influences organizational decision making process. Based on the leader trait model and power focus theory, this paper explores the impact of CEO narcissism on strategic decision making quality. Using a two-wave survey from 116 CEOs and their corresponding top management team members, the hierarchical regression results show as follows: CEO narcissism has a positive impact on decision speed and a negative impact on decision comprehensiveness; top management team's participation in decision making mediates these relationships; Besides, CEO's power moderates the relationship between CEO narcissism and top management team's participation in decision making such that this negative relationship is more stronger when CEO narcissism has a greater power.
In recent years, CEO narcissism becomes a heated topic in the field of organizational behavior. However,there is few research focusing on how narcissistic CEO influences organizational decision making process. Based on the leader trait model and power focus theory, this paper explores the impact of CEO narcissism on strategic decision making quality. Using a two-wave survey from 116 CEOs and their corresponding top management team members, the hierarchical regression results show as follows: CEO narcissism has a positive impact on decision speed and a negative impact on decision comprehensiveness; top management team's participation in decision making mediates these relationships; Besides, CEO's power moderates the relationship between CEO narcissism and top management team's participation in decision making such that this negative relationship is more stronger when CEO narcissism has a greater power.
引文
黄攸立,李璐.2014.组织中的自恋型领导研究述评[J].外国经济与管理,36(7):24-33.
廖建桥,邵康华,田婷.2016.自恋型领导的形成、作用及管理对策[J].管理评论,28(6):131-139.
田海峰,郁培丽.2014.CEO个性与战略研究述评及其未来展望[J].外国经济与管理,36(11):55-62.
姚冰湜,马琳,王雪莉,等.2015.高管团队职能异质性对企业绩效的影响:CEO权力的调节作用[J].中国软科学,(2):117-126.
张兵兵,陈春花.2015.国外关于自恋型领导的研究述评及未来展望[J].领导科学,(6):53-56.
赵毅,戚安邦,乔朋华.2016.强权CEO能更好地利用风险投资进行创新吗?[J].科学学与科学技术管理,37(9):155-168.
周建,金媛媛,袁德利.2013.董事会人力资本、CEO权力对企业研发投入的影响研究:基于中国沪深两市高科技上市公司的经验证据[J].科学学与科学技术管理,34(3):170-180.
Aiken L S,West S G,Reno R R.1991.Multiple Regression:Testing and Interpreting Interactions[M].Newbury Park:Sage.
Aktas N,De Bodt E,Bollaert H,et al.2016.CEO narcissism and the takeover process:From private initiation to deal completion[J].Social Science Electronic Publishing,51(1):113-137.
Ashmos D P,Duchon D,Mcdaniel R R.1998.Participation in strategic decision making:The role of organizational predisposition and issue interpretation[J].Decision Sciences,29(1):25-51.
Back M D,Küfner A C P,Dufner M,et al.2013.Narcissistic admiration and rivalry:Disentangling the bright and dark sides of narcissism[J].Journal of Personality and Social Psychology,105(6):1013-1037.
Braun S.2017.Leader narcissism and outcomes in organizations:A review at multiple levels of analysis and implications for future research[J].Frontiers in Psychology,19(8):773-786.
Buchholz F,Jaeschke R,Lopatta K,et al.2018.The use of optimistic tone by narcissistic CEOs[J].Accounting,Auditing and Accountability Journal,31(2):531-562.
Campbell W K,Hoffman B J,Campbell S M,et al.2011.Narcissism in organizational contexts[J].Human Resource Management Review,21(4):268-284.
Carpenter M A,Westphal J D.2001.The strategic context of external network ties:Examining the impact of director appointments on board involvement in strategic decision making[J].Academy of Management Journal,44(4):639-660.
Chatterjee A,Hambrick D C.2007.It's all about me:Narcissistic chief executive officers and their effects on company strategy and performance[J].Administrative Science Quarterly,52(3):351-386.
Chatterjee A,Pollock T G.2017.Master of puppets:How narcissistic CEOs construct their professional worlds[J].Academy of Management Review,42(4):703-725.
Dyer N G,Hanges P J,Hall R J.2005.Applying multilevel confirmatory factor analysis techniques to the study of leadership[J].Leadership Quarterly,16(1):149-167.
Eisenhardt K M.1989.Making fast strategic decisions in high-velocity environments[J].Academy of Management Journal,32(3):543-576.
Finkelstein S,Boyd B K.1998.How much does the CEO matter?The role of managerial discretion in the setting of CEOcompensation[J].Academy of Management Journal,41(2):179-199.
Finkelstein S.1992.Power in top management teams:Dimensions,measurement,and validation[J].Academy of Management Journal,35(3):505-538.
Grijalva E,Harms P D,Newman D A,et al.2015.Narcissism and leadership:A meta-analytic review of linear and nonlinear relationships[J].Personnel Psychology,68(1):1-47.
Guinote A.2007.Power and goal pursuit[J].Personality and Social Psychology Bulletin,33(8):1076-1087.
Hambrick D C.2007.Upper echelons theory:An update[J].Academy of Management Review,32(2):334-343.
Hart S,Banbury C.1994.How strategy-making processes can make a difference[J].Strategic Management Journal,15(4):251-269.
Jonason P K,Webster G D.2010.The dirty dozen:A concise measure of the dark triad[J].Psychological Assessment,22(2):420-431.
Judge W Q,Zeithaml C P.1992.Institutional and strategic choice perspectives on board involvement in the strategic decision process[J].Academy of Management Journal,35(4):766-794.
Kashmiri S,Nicol C D,Arora S.2017.Me,myself,and I:Influence of CEO narcissism on firms'innovation strategy and the likelihood of product-harm crises[J].Journal of the Academy of Marketing Science,45(5):633-656.
Kausel E E,Culbertson S S,Leiva P I,et al.2015.Too arrogant for their own good?Why and when narcissists dismiss advice[J].Organizational Behavior and Human Decision Processes,131(C):33-50.
Lakey C E,Rose P,Campbell W K,et al.2008.Probing the link between narcissism and gambling:The mediating role of judgment and decision-making biases[J].Journal of Behavioral Decision Making,21(2):113-137.
Marquez-Illescas G,Zebedee A A,Zhou L.2018.Hear me write:Does CEO narcissism affect disclosure?[J].Journal of Business Ethics,(2):1-17.
Oesterle M J,Elosge C,Elosge L.2016.Me,myself and I:The role of CEO narcissism in internationalization decisions[J].International Business Review,25(5):1114-1123.
O'Reilly III C A,Doerr B,Caldwell D F,et al.2014.Narcissistic CEOs and executive compensation[J].Leadership Quarterly,25(2):218-231.
O'Reilly III C A,Doerr B,Chatman J A.2018.'See You in Court':How CEO narcissism increases firms'vulnerability to lawsuits[J].Leadership Quarterly,29(3):365-378.
Patel P C,Cooper D.2014.The harder they fall,the faster they rise:Approach and avoidance focus in narcissistic CEOs[J].Strategic Management Journal,35(10):1528-1540.
Peterson R S,Smith D B,MartoranaP V,et al.2003.The impact of chief executive officer personality on top management team dynamics:One mechanism by which leadership affects organizational performance[J].Journal of Applied Psychology,88(5):795-808.
Peterson S J,Galvin B M,Lange D.2012.CEO servant leadership:Exploring executive characteristics and firm performance[J].Personnel Psychology,65(3):565-596.
Petrenko O V,Aime F,Ridge J,et al.2016.Corporate social responsibility or CEO narcissism?CSR motivations and organizational performance[J].Strategic Management Journal,37(2):262-279.
Rajagopalan N,Rasheed A M A,Datta D K.1993.Strategic decision processes:Critical review and future directions[J].Journal of Management,19(2):349-384.
Reina C S,Zhang Z,Peterson S J.2014.CEO grandiose narcissism and firm performance:The role of organizational identification[J].Leadership Quarterly,25(5):958-971.
Ruigrok W,Peck S I,Keller H.2006.Board characteristics and involvement in strategic decision making:Evidence from Swiss companies[J].Journal of Management Studies,43(5):1201-1226.
Shepherd N G,Rudd J M.2014.The influence of context on the strategic decision-making process:A review of the literature[J].International Journal of Management Reviews,16(3):340-364.
Simon H A.1959.Theories of decision-making in economics and behavioral science[J].American Economic Review,49(3):253-283.
Talaulicar T,Grundei J,Werder A.2005.Strategic decision making in start-ups:The effect of top management team organization and processes on speed and comprehensiveness[J].Journal of Business Venturing,20(4):519-541.
Wooldridge B,Floyd S W.1990.The strategy process,middle management involvement,and organizational performance[J].Strategic Management Journal,11(3):231-241.
Zhu D H,Chen G.2015.CEO narcissism and the impact of prior board experience on corporate strategy[J].Administrative Science Quarterly,60(1):31-65.
廖建桥,邵康华,田婷.2016.自恋型领导的形成、作用及管理对策[J].管理评论,28(6):131-139.
田海峰,郁培丽.2014.CEO个性与战略研究述评及其未来展望[J].外国经济与管理,36(11):55-62.
姚冰湜,马琳,王雪莉,等.2015.高管团队职能异质性对企业绩效的影响:CEO权力的调节作用[J].中国软科学,(2):117-126.
张兵兵,陈春花.2015.国外关于自恋型领导的研究述评及未来展望[J].领导科学,(6):53-56.
赵毅,戚安邦,乔朋华.2016.强权CEO能更好地利用风险投资进行创新吗?[J].科学学与科学技术管理,37(9):155-168.
周建,金媛媛,袁德利.2013.董事会人力资本、CEO权力对企业研发投入的影响研究:基于中国沪深两市高科技上市公司的经验证据[J].科学学与科学技术管理,34(3):170-180.
Aiken L S,West S G,Reno R R.1991.Multiple Regression:Testing and Interpreting Interactions[M].Newbury Park:Sage.
Aktas N,De Bodt E,Bollaert H,et al.2016.CEO narcissism and the takeover process:From private initiation to deal completion[J].Social Science Electronic Publishing,51(1):113-137.
Ashmos D P,Duchon D,Mcdaniel R R.1998.Participation in strategic decision making:The role of organizational predisposition and issue interpretation[J].Decision Sciences,29(1):25-51.
Back M D,Küfner A C P,Dufner M,et al.2013.Narcissistic admiration and rivalry:Disentangling the bright and dark sides of narcissism[J].Journal of Personality and Social Psychology,105(6):1013-1037.
Braun S.2017.Leader narcissism and outcomes in organizations:A review at multiple levels of analysis and implications for future research[J].Frontiers in Psychology,19(8):773-786.
Buchholz F,Jaeschke R,Lopatta K,et al.2018.The use of optimistic tone by narcissistic CEOs[J].Accounting,Auditing and Accountability Journal,31(2):531-562.
Campbell W K,Hoffman B J,Campbell S M,et al.2011.Narcissism in organizational contexts[J].Human Resource Management Review,21(4):268-284.
Carpenter M A,Westphal J D.2001.The strategic context of external network ties:Examining the impact of director appointments on board involvement in strategic decision making[J].Academy of Management Journal,44(4):639-660.
Chatterjee A,Hambrick D C.2007.It's all about me:Narcissistic chief executive officers and their effects on company strategy and performance[J].Administrative Science Quarterly,52(3):351-386.
Chatterjee A,Pollock T G.2017.Master of puppets:How narcissistic CEOs construct their professional worlds[J].Academy of Management Review,42(4):703-725.
Dyer N G,Hanges P J,Hall R J.2005.Applying multilevel confirmatory factor analysis techniques to the study of leadership[J].Leadership Quarterly,16(1):149-167.
Eisenhardt K M.1989.Making fast strategic decisions in high-velocity environments[J].Academy of Management Journal,32(3):543-576.
Finkelstein S,Boyd B K.1998.How much does the CEO matter?The role of managerial discretion in the setting of CEOcompensation[J].Academy of Management Journal,41(2):179-199.
Finkelstein S.1992.Power in top management teams:Dimensions,measurement,and validation[J].Academy of Management Journal,35(3):505-538.
Grijalva E,Harms P D,Newman D A,et al.2015.Narcissism and leadership:A meta-analytic review of linear and nonlinear relationships[J].Personnel Psychology,68(1):1-47.
Guinote A.2007.Power and goal pursuit[J].Personality and Social Psychology Bulletin,33(8):1076-1087.
Hambrick D C.2007.Upper echelons theory:An update[J].Academy of Management Review,32(2):334-343.
Hart S,Banbury C.1994.How strategy-making processes can make a difference[J].Strategic Management Journal,15(4):251-269.
Jonason P K,Webster G D.2010.The dirty dozen:A concise measure of the dark triad[J].Psychological Assessment,22(2):420-431.
Judge W Q,Zeithaml C P.1992.Institutional and strategic choice perspectives on board involvement in the strategic decision process[J].Academy of Management Journal,35(4):766-794.
Kashmiri S,Nicol C D,Arora S.2017.Me,myself,and I:Influence of CEO narcissism on firms'innovation strategy and the likelihood of product-harm crises[J].Journal of the Academy of Marketing Science,45(5):633-656.
Kausel E E,Culbertson S S,Leiva P I,et al.2015.Too arrogant for their own good?Why and when narcissists dismiss advice[J].Organizational Behavior and Human Decision Processes,131(C):33-50.
Lakey C E,Rose P,Campbell W K,et al.2008.Probing the link between narcissism and gambling:The mediating role of judgment and decision-making biases[J].Journal of Behavioral Decision Making,21(2):113-137.
Marquez-Illescas G,Zebedee A A,Zhou L.2018.Hear me write:Does CEO narcissism affect disclosure?[J].Journal of Business Ethics,(2):1-17.
Oesterle M J,Elosge C,Elosge L.2016.Me,myself and I:The role of CEO narcissism in internationalization decisions[J].International Business Review,25(5):1114-1123.
O'Reilly III C A,Doerr B,Caldwell D F,et al.2014.Narcissistic CEOs and executive compensation[J].Leadership Quarterly,25(2):218-231.
O'Reilly III C A,Doerr B,Chatman J A.2018.'See You in Court':How CEO narcissism increases firms'vulnerability to lawsuits[J].Leadership Quarterly,29(3):365-378.
Patel P C,Cooper D.2014.The harder they fall,the faster they rise:Approach and avoidance focus in narcissistic CEOs[J].Strategic Management Journal,35(10):1528-1540.
Peterson R S,Smith D B,MartoranaP V,et al.2003.The impact of chief executive officer personality on top management team dynamics:One mechanism by which leadership affects organizational performance[J].Journal of Applied Psychology,88(5):795-808.
Peterson S J,Galvin B M,Lange D.2012.CEO servant leadership:Exploring executive characteristics and firm performance[J].Personnel Psychology,65(3):565-596.
Petrenko O V,Aime F,Ridge J,et al.2016.Corporate social responsibility or CEO narcissism?CSR motivations and organizational performance[J].Strategic Management Journal,37(2):262-279.
Rajagopalan N,Rasheed A M A,Datta D K.1993.Strategic decision processes:Critical review and future directions[J].Journal of Management,19(2):349-384.
Reina C S,Zhang Z,Peterson S J.2014.CEO grandiose narcissism and firm performance:The role of organizational identification[J].Leadership Quarterly,25(5):958-971.
Ruigrok W,Peck S I,Keller H.2006.Board characteristics and involvement in strategic decision making:Evidence from Swiss companies[J].Journal of Management Studies,43(5):1201-1226.
Shepherd N G,Rudd J M.2014.The influence of context on the strategic decision-making process:A review of the literature[J].International Journal of Management Reviews,16(3):340-364.
Simon H A.1959.Theories of decision-making in economics and behavioral science[J].American Economic Review,49(3):253-283.
Talaulicar T,Grundei J,Werder A.2005.Strategic decision making in start-ups:The effect of top management team organization and processes on speed and comprehensiveness[J].Journal of Business Venturing,20(4):519-541.
Wooldridge B,Floyd S W.1990.The strategy process,middle management involvement,and organizational performance[J].Strategic Management Journal,11(3):231-241.
Zhu D H,Chen G.2015.CEO narcissism and the impact of prior board experience on corporate strategy[J].Administrative Science Quarterly,60(1):31-65.