Narcissistic CEOs and their earnings management

Maria Kontesa, Rayenda Brahmana, Ashley Hui Hui Tong

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)


This study investigates the role narcissism in corporate leadership has on the earnings management for a sample of 514 listed companies in Bursa Malaysia between year 2009 and 2015. Using the unobtrusive method and robust panel regression, we find that the narcissistic CEO has positive association with the earnings management. It means that a narcissistic CEO has a tendency to manage corporate earnings to fulfil their ego, which brings a new perspective to agency theory. For shareholders, the number of CEO photographs in the annual report may be an early warning sign of self-centric earnings management.

Original languageEnglish
Pages (from-to)223-249
Number of pages27
JournalJournal of Management and Governance
Issue number1
Early online date7 Mar 2020
Publication statusPublished - Mar 2021
Externally publishedYes


Funding was provided by Universiti Malaysia Sarawak (Grant No. F01/SpMYRA/1680/2018).


  • Earnings management
  • Malaysia
  • Narcissism
  • Narcissistic CEO

ASJC Scopus subject areas

  • Business and International Management


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