Relationships Among CEO Narcissism, Debt Financing and Firm Innovation Performance: Emotion Recognition Using Advanced Artificial Intelligence

Frontiers in Psychology

Xiaohan Yu¹  Lan Zhang¹  Biming Liang¹  Yuan Zhou¹  Datian Bi² 

[1] School of Accounting, Jilin University of Finance and Economics, Changchun, Jilin, China;School of Management, Jilin University, Changchun, Jilin, China;

关键词: advanced artificial intelligence;    emotion recognition;    CEO narcissism;    debt financing;    innovation performance;   

DOI  :  10.3389/fpsyg.2021.734777

来源: DOAJ

【 摘 要 】

Psychological research shows that as the main component of enterprise decision-making, CEOs are not completely rational, cognitive and psychological biases often influence their decision-making process. CEO narcissism has gradually attracted academic attention. Based on upper echelon theory and subconscious theory, this paper uses advanced artificial intelligence technology to quantify CEO narcissism as a kind of emotional intelligence. Taking A-share listed companies in China from 2010 to 2019 as research objects, this paper empirically tests the impact of CEO narcissism on debt financing and innovation performance. The results show that CEO narcissism has a significant positive impact on firm innovation performance. Debt financing plays a mediating role in the relationship between CEO narcissism and firm innovation performance. CEO narcissism can have a positive impact on firm innovation performance through debt financing. Compared with non-SOEs, SOEs' CEO narcissism has a more significant positive effect on debt financing and enterprise innovation performance. The research in this paper enriches psychology and organizational management and provides a reference for an enterprise's management decisions and for investors' investment decisions.

【 授权许可】

Unknown