Narcissism, director selection, and risk‐taking spending
研究发现CEO倾向于选拔与自己自恋程度相似或有类似自恋CEO合作经验的董事，且CEO权力越大这种倾向越明显，进而强化了CEO自恋与风险支出之间的正向关系。
We explain why CEO s favor new directors who are similar in narcissistic tendency or have prior experience with other similarly narcissistic CEO s. Because powerful CEO s are more able to select such individuals onto their boards, CEO power is predicted to be positively associated with the above characteristics of new directors. These associations are expected to be stronger when a new director is more different from the CEO in salient demographic characteristics. Moreover, we explain why new directors favored by CEO s are more supportive of their decision making, strengthening the positive relationship between CEO narcissism and risk‐taking spending. Our findings provide considerable support for our theory. This study introduces personality theories to corporate governance research on director selection and to research on how triads influence dyadic relations . Copyright © 2014 John Wiley & Sons, Ltd.