CEO narcissism and corporate social responsibility: Does CEO narcissism affect CSR focus?

摘要

We investigate the relationship between CEO narcissism and corporate social responsibility (CSR). We argue that narcissistic CEOs are more likely to place greater emphasis on externally oriented CSR activities than on internally oriented CSR activities. Based on a sample of 134 CEOs/firms from the Fortune 500 list for the years 2008-2013, we find that there is an overall positive relationship between CEO narcissism and CSR. Furthermore, we find that while CEO narcissism is positively related to externally oriented CSR, the relationship between CEO narcissism and internally oriented CSR is negative but not significant.