CEO Machiavellianism and firm performance: the moderating role of managerial discretion
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Date
Authors
Keywords
CEO Machiavellianism, upper echelons, managerial discretion, firm performance
Degree Level
masters
Advisor
Degree Name
M. Sc. in Management
Volume
Issue
Publisher
Memorial University of Newfoundland
Abstract
This study builds on the upper echelons theory to investigate the effect of CEO Machiavellianism on firm performance. I hypothesize a negative relationship between CEO Machiavellianism and firm performance. Furthermore, I hypothesize that managerial discretion will moderate this relationship such that the negative effect of CEO Machiavellianism on firm performance will be more substantial when managerial discretion is high. I found support for these hypotheses using a sample of 97 CEOs from Standard and Poor's 500 companies and utilizing a video-based measurement technique for CEO Machiavellianism. Finally, I discuss the implications and limitations of the study.