Abstract
In response to recent calls to examine how multiple CEO personalities may work together in their effects, we build on leader paradox theory and examine how narcissism and humility interact to predict the family firm’s risk-taking behavior. Our empirical analyses, based on linguistic personality profiles of 76 CEOs of S&P 500 family firms, indicate that CEO narcissism and humility positively influence risk-taking and that this effect is amplified when CEOs hold greater informal power. These findings demonstrate that upper echelon-based predictions of CEO personalities in response to risk-taking are enhanced by integrating insights from leader paradox literature.
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