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dc.contributor.authorBukalska, Elzbieta
dc.contributor.authorDycha, Gabriela
dc.date.accessioned2024-07-14T06:56:10Z
dc.date.accessioned2024-07-14T06:56:11Z
dc.date.available2024-07-14T06:56:10Z
dc.date.available2024-07-14T06:56:11Z
dc.date.issued2024
dc.identifier.issn0861-6604
dc.identifier.urihttp://hdl.handle.net/10610/4985
dc.description.abstractBackground: Behavioural personal characteristics are proven to have an impact on corporate decisions. There have been many behavioural biases and fallacies identified so far. One of the important behavioral traits is narcissism. Managerial narcissism and the belief in their own grandiosity affect their corporate behaviour. Previous research finds that narcissistic leaders have higher compensation. However, previous research takes into account only job-related compensation and ignores the common fact that the CEO is often the owner of the company. The aim of our research is to explore the impact of a narcissistic CEO who has a financial stake in the equity on their total income. Our research refers to the situation when narcissistic CEOs’ labour and capital are involved in the same company, which is quite common in a business environment. Thus, the compensation consists of two parts: job-related (salary) and capital-related (dividend). Methods: We have conducted our research on a sample of 160 companies from the Warsaw Stock Exchange over six years (2017-2022). We have performed statistical analysis of data with descriptive statistics, correlation matrix, and regression analysis. Results: We have found that a narcissistic CEO with a stake in the company negatively affects both job and total compensation. Conclusions: We believe that the lower compensation of narcissistic CEOs is the price they pay in return for both their prestige and the sound financial standing of the company. The financial soundness of the company allows them to stay in power (by meeting owners’ expectations), and remain in the centre of attention. Structure of the paper: The paper starts with a literature review on the issues included in the research, especially: CEO compensation, CEO ownership, and CEO narcissism. Then, we present our research plan and the methodology. Later, we report our findings and discuss our findings with previous ones. Finally, we present the conclusions.us_US
dc.publisherTsenov Publishing HouseEN_en
dc.relation.ispartofseries1;2
dc.subjectCEO narcissismus_US
dc.subjectCEO ownershipus_US
dc.subjectCEO compensationus_US
dc.subjectindividual and interactive effectsus_US
dc.titleCompensation of Narcissistic CEOS with Stake in Equity: a Study of Polish Companiesus_US
dc.typeArticleus_US


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