Abstract：
In the context of a dynamic environment and increasing competition, innovation is the key for companies to gain long-term growth. And narcissism, as an important psychological factor influencing CEOs to make corporate decisions, has a significant impact on corporate innovation strategies. This study explores localized dimensions and ways of measuring narcissism among Chinese CEOs. Based on the upper echelons theory, using data from R&D-intensive firms listed in Shanghai and Shenzhen A-shares from 2015-2020, this study empirically examines the effect of CEO narcissism on exploratory and exploitative innovation and the mediating role of corporate social responsibility. The results show that: CEO narcissism has a positive effect on corporate ambidextrous technological innovation and a more significant effect on exploratory innovation; the mediating role of corporate social responsibility is all verified. These findings provide a reference for listed companies to select and hire CEOs scientifically and rationally, and have important implications for companies to develop long-term innovation strategies.
摘要：
在动态环境和竞争日益激烈的背景下，创新是公司获得长期增长的关键。和自恋，作为影响首席执行官做出公司决策的重要心理因素，对企业创新战略有重大影响。本研究探讨了中国CEO自恋的本土化维度和衡量方法。根据上层理论，本研究利用2015-2020年沪深A股上市的研发密集型企业数据,实证检验了CEO自恋对探索性和开发性创新的影响以及企业社会责任的中介作用。研究结果表明：CEO自恋对企业双元技术创新具有正向作用，对探索性创新的作用更为显著；企业社会责任的中介作用均得到验证。这些发现为上市公司科学合理选聘CEO提供了参考,对企业制定长期创新战略具有重要意义。
