The Trust Dilemma: Do CEO Vulnerability Disclosures Attract or Alarm Individual Investors?
In four experiments, we examine CEO personal vulnerability disclosures across technology and pharmaceutical industry settings, demonstrating that such disclosures can shape how individual investors evaluate firms. Disclosing vulnerabilities unrelated to the company increases investor trust and enhances evaluations of more-optimistic forecasts, as well as reduces negative reactions to bad earnings news. However, when CEO vulnerability disclosure pertains to a company-related vulnerability, investors perceived CEOs as less competent.
Having an Egomaniac CFO Brings a Company Higher Valuations
The more narcissistic a company's CFO, the higher the analysts valuations of the firm, finds new research from the Smith School's Nick Seybert. He and his co-authors look at conference calls with analysts and find that narcissistic CFOs talk more, use euphemisms, and push back againtst — even threaten — pessimistic analysts.
CFO Narcissism and the Power of Persuasion Over Analysts: A Mixed-Methods Approach
We study the role of CFO narcissism in the intent and ability to positively influence sell-side analysts’ perceptions of the firm. Consistent with narcissists casting favorable impressions on others, we find CFO narcissism is associated with overly optimistic analyst valuations. We then study public persuasion attempts by analyzing conference call transcripts and private persuasion attempts through a laboratory study.
Seductive Language for Narcissists in Job Postings
Prior research indicates that narcissistic executives engage in earnings management and other negative organizational behaviors, and many studies ponder why firms hire such individuals, especially into corporate accounting positions.
Seductive Language for Narcissists in Job Postings
Associate Professor Nick Seybert’s research highlights the impact of “rule-bender” language in job postings on applicant quality. Employers using keywords like “ambitious” and “thinks outside the box” may attract narcissistic applicants prone to unethical behavior, especially in accounting.
The Smith School Recognizes Its Outstanding Faculty and Staff at 2024 Assembly
The globally renowned Smith School excels in business research and offers a top-tier educational experience within a supportive community. Annually, it honors outstanding faculty and staff with prestigious awards.
Eight Professors Earn Krowe, Legg Mason, Smith Honors
Eight faculty members earned Maryland Smith teaching honors last week, as part of an annual tradition at the business school.Tunay Tunca, chair of Maryland Smith's Teaching Excellence Committee, announced the faculty teaching awards during a virtual spring faculty and staff assembly. Tunca is the Dean's Professor of Management Science and Operations Management at the Robert H. Smith School of Business at University of Maryland.Special Recognition: Tricia Homer
10 COVID-Era Trends That Are Here To Stay
The pandemic has changed so much about the way we live and work. And some of those changes are here to stay.
Why the Bad Boss Gets the Job
New research shows the “dark” personality traits that make a boss bad may be the reason they got the job in the first place.