The Critical Assessment of Heterogeneous Outcome of CEO Hubris

Abstract

This dissertation aims to examine and explore the research area of CEO hubris. Research from the institutional theory explains the homogenous aspects of organization, however, lacks the explanations of heterogeneous behavior. This paper attempts to explain the heterogeneous behavior through CEO hubris. Thus, I conducted one empirical study and one review paper based on CEO hubris.

First study is based CEO hubris and institutional theory through corporate social responsibility. It argues that CEO hubris does not follow the norm on corporate social responsibility due to arrogant and simple minded behavior of CEO hubris characteristics. Rather than following the norm of corporate social responsibility from institutional pressure, the degree of corporate social responsibility from CEO hubris will either be very high or very low. Furthermore, internal control mechanisms using ratios of outside board of directors and foreign ownership as a moderating variable is used for this research.

Second study is a review paper based on CEO hubris, overconfidence, CEO celebrity, and narcissism. This paper attempts to clarify the confusion of similar perspectives by exploring and investigating a comprehensive review of the related theories by looking into the origin, definition, cause and outcome.