Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Narcissistic chief executive officers and corporate acquisitions: An upper echelons perspective
University of Skövde, School of Business.
2018 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesisAlternative title
Narcissistiska verkställande direktörer och företagsförvärv : Ett upper echelons perspektiv (Swedish)
Abstract [en]

This study investigates how chief executive officer narcissism impacts the organizations strategic decisions and outcomes. Rooted in the idea that the organization is a reflection of its top managers, I theorize that narcissistic chief executive officers may influence the decision process leading to corporate acquisitions. Furthermore, taking into account the Dotcom bubble and subprime-crash, research on merger waves is incorporated into the research framework as an outside of the organization effect impacting organizational outcomes. Using a sample of 116 acquisitions by 60 chief executive officers at public listed U.S. firms this is tested from 1994-2017. The results show little to no connection between chief executive officer narcissism and corporate acquisitions in total, international acquisitions or through truly large acquisitions. Though there is a positive connection between observable characteristics such as education and age influencing the decision to acquire firms. When comparing the sample of 116 acquisitions to a general market sample of 4379 acquisitions, a connection to merger wave theory is identified.

Abstract [sv]

Denna studie undersöker hur verkställande direktör narcissism påverkar organisationens strategiska beslut och utfall. Med förankring i idén att organisationen är en reflektion av sina ledare, teoretiserar jag för hur narcissistiska verkställande direktörer kan influera beslutsprocessen som leder till företagsförvärv. Vidare, genom att ta i beaktning IT bubblan och finanskrisen, inkorporeras forskning om merger waves i det teoretiska ramverket som en extern faktor vilket påverkar organisatoriska utfall. Med ett urval av 116 uppköp av 60 verkställande direktörer på publika företag i USA testas detta under perioden 1994-2017. Resultatet visar lite till ingen koppling mellan narcissistiska verkställande direktörer och företagsförvärv vare sig totalt, internationella förvärv eller genom mycket stora förvärv. Däremot visar denna studie en koppling mellan observerbara egenskaper såsom utbildning och ålder påverkar beslutet att förvärva företag. När urvalet 116 förvärv jämförs med ett generellt marknadsurval på 4379 förvärv, påvisas det en koppling till merger wave teori.

Place, publisher, year, edition, pages
2018. , p. 49
Keywords [en]
narcissism, upper echelons theory, chief executive officer, corporate acquisitions, merger waves
Keywords [sv]
narcissism, upper echelons teori, verkställande direktör, företagsförvärv, merger waves
National Category
Business Administration
Identifiers
URN: urn:nbn:se:his:diva-15617OAI: oai:DiVA.org:his-15617DiVA, id: diva2:1219094
Subject / course
Business Administration
Supervisors
Examiners
Available from: 2018-06-18 Created: 2018-06-15 Last updated: 2018-06-18Bibliographically approved

Open Access in DiVA

Narcissistic chief executive officers and corporate acquisitions(1328 kB)26 downloads
File information
File name FULLTEXT01.pdfFile size 1328 kBChecksum SHA-512
6ad1d11155132c8e3359b26edadfe0b3249a51d66dcafb1aa0ad33eff4790f83f52865d7f86e2d862587dc287b0d2166602d8d96ba32321100ee6ed865aef15e
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
White, Stuart
By organisation
School of Business
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 26 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 80 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf