Accounting and Auditing Research

Accounting and Auditing Research

Investigation the Moderating Role of CEO Narcissism on Explaining the Relationship between Corporate Social Responsibility and Financial Performance of Listed Companies of Tehran Stock Exchange

Document Type : Original Article

Authors
Shokrollah Khajavi 1
Ali Asghar Dehghani Saadi 2
Manucher Roosta 3
1 Professor of Accounting, Shiraz University, Iran
2 M. A. in Accounting, Shiraz University, Iran
3 Ph.D student in Accounting, Allameh Tabatbaei University, Iran
Abstract
Nowadays it is proved that organizations’ success would be achieved through respect to the ethical value, people, society, and environment. On the other hand, narcissism which is considered as a personality structure could affect the managers’ judgement and decision making of various probability. According to the recent studies, narcissism plays a vital role on doing the corporate social responsibilities activities among the managers. In this regard, the main goal of this research is to empirical study of the moderating role of managers’ narcissism on the relationship between social responsibilities and financial performance of 54 listed companies of Tehran Stock Exchange during 2004 to 2015. Thus, by using structural equation modeling (path analysis) as statistical analysis, results showed that there is a there is a significant and positive relationship between managers’ narcissism, social responsibilities and financial performance. Moreover, the results suggested a significant and positive relationship between social responsibilities and financial performance. Besides, the moderating role of managers’ narcissism in explaining the relationship between social responsibilities and financial performance was confirmed.
Keywords
Behavior Finance
CEO Narcissism
Corporate Social Responsibility
Financial Performance
Accounting and Auditing Research
Volume 10, Issue 39
Autumn 2018
Pages 57-74