Chief executive officer narcissism, power and sustainable development goals reporting: An empirical analysis

Journal article


Awuah, B., Elbardan, H. and Yazdifar, H. 2024. Chief executive officer narcissism, power and sustainable development goals reporting: An empirical analysis. Business Strategy and the Environment. pp. 1-21. https://doi.org/10.1002/bse.3889
AuthorsAwuah, B., Elbardan, H. and Yazdifar, H.
Abstract

Grounded in both agency and upper echelons perspectives, this paper examines the effects of CEO narcissism and power on corporate reporting on the Sustainable Development Goals (SDGs). We theorise that CEOs’ narcissistic tendencies and power will influence their firms’ SDGs engagement and reporting practices. We also examine whether SDGs reporting affects firm performance. Based on a sample of FTSE 100 companies for the period 2018-2022, we test our ideas using generalised estimating equations. The results show that CEO narcissism is positively related to SDGs reporting; however, this effect is weaker in firms led by older narcissistic CEOs. Further, CEO power is negatively associated with SDGs reporting, suggesting that firms led by powerful CEOs are reluctant to integrate the SDGs. Finally, corporate SDGs reporting lacks any value-enhancing effect on firm performance, supporting the symbolic perspective of sustainability management. Our results contribute to the literature on SDGs accounting and enrich our understanding of the underlying dynamics shaping corporate disclosure practices.

KeywordsUpper echelons; CEO narcissism; CEO power; SDG reporting; Firm performance; Corporate governance
Year2024
JournalBusiness Strategy and the Environment
Journal citationpp. 1-21
PublisherWiley
ISSN1099-0836
Digital Object Identifier (DOI)https://doi.org/10.1002/bse.3889
Web address (URL)https://onlinelibrary.wiley.com/journal/10990836
Accepted author manuscript
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Open
Publisher's version
License
File Access Level
Open
Output statusPublished
Publication dates
Online22 Jul 2024
Publication process dates
Accepted02 Jun 2024
Deposited12 Aug 2024
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https://repository.derby.ac.uk/item/q7267/chief-executive-officer-narcissism-power-and-sustainable-development-goals-reporting-an-empirical-analysis

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