PERSONALquarterly 4/2020

PERSONALquarterly 04/20 26 SCHWERPUNKT _CORPORATE ENTREPRENEURSHIP ANNA GRÜNDLER Lehrstuhl für BWL, insb. Management an der Fakultät für Wirtschaftswissenschaften Heinrich-Heine Universität Düsseldorf E-Mail: anna.gruendler@hhu.de www.management.hhu.de SUMMARY Research question: How do overconfidence and narcissism in CEOs influence corporate entrepreneurship in established companies? Methodology: Two empirical, secondary data-based studies of CEOs in US S&P 500 companies 2005-2007 Practical implications: It becomes clear that hubris and, under certain circumstances, narcissism can have a positive influence on corporate entrepreneurship and the subsequent business success. The CEO personality should be considered when selecting CEOs in compa- nies with certain market conditions. LITERATURVERZEICHNIS Burns, P. (2013): Corporate entrepreneurship: Innovation and strategy in large organisations. Basingstoke, Palgrave Macmillan. Campbell, T./M. Gallmeyer/S. Johnson/J. Rutherford/B. Stanley (2011): CEO optimism and forced turnover. Journal of Financial Economics, 101, 3, S. 695-712. Campbell, W./C. Foster/E. Finkel (2002): Does self-love lead to love for others? A story of narcissistic game playing. Journal of personality and social psychology, 83, 2, S. 340-54. Chatterjee, A./D. Hambrick (2007): It‘s All about Me: Narcissistic Chief Executive Officers and Their Effects on Company Strategy and Performance. Administrative Science Quarterly, 52, 3, S. 351-86. Dess, G./D. Beard (1984): Dimensions of Organizational Task Environments. Administrative Science Quarterly, 29, 1, S. 52. Engelen, A./C. Neumann/S. Schmidt (2016): Should Entrepreneurially Orien- ted Firms Have Narcissistic CEOs? Journal of Management, 42, 3, S. 698-721. Engelen, A./C. Neumann/C. Schwens (2015): “Of Course I Can”: The Effect of CEO Overconfidence on Entrepreneurially Oriented Firms. Entrepreneurship Theory and Practice, 39, 5, S. 1137-60. Goel, A./A. v. Thakor (2008): Overconfidence, CEO Selection, and Corporate Governance. The Journal of Finance, 63, 6, S. 2737-84. Hofstede, G. (2001): Cultures and organizations: Comparing values, beha- viors, institutions, and organizations across nations (2a ed.). Thousand Oaks: Sage Publications. McGrath, R. (2013): The end of competitive advantage: How to keep your strategy moving as fast as your business. Boston, Massachusetts, Harvard Business Press. Miller, D. (1983): The Correlates of Entrepreneurship in Three Types of Firms. Management Science 29, 7, S. 770-91. Nevicka, B./A. de Hoogh/A. van Vianen/B. Beersma/D. McIlwain (2011): All I need is a stage to shine: Narcissists‘ leader emergence and performance. The Leadership Quarterly, 22, 5, S. 910-25. Rauch, A./J. Wiklund/G. Lumpkin/M. Frese (2009): Entrepreneurial Orien- tation and Business Performance: An Assessment of Past Research and Sugge- stions for the Future. Entrepreneurship Theory and Practice, 33, 3, S. 761-87. Roberts, B. W./Walton, K. E./Viechtbauer, W. (2006): Patterns of mean- level change in personality traits across the life course: a meta-analysis of longitudinal studies. Psychological bulletin, 132, 1, S. 1-25. Wallace, H./R. Baumeister (2002): The performance of narcissists rises and falls with perceived opportunity for glory. Journal of personality and social psychology, 82, 5, S. 819-34. PROF. DR. ANDREAS ENGELEN Lehrstuhl für BWL, insb. Management an der Fakultät für Wirtschaftswissenschaften Heinrich-Heine Universität Düsseldorf E-Mail: andreas.engelen@hhu.de www.management.hhu.de