{"id":"https://openalex.org/W4224010992","doi":"https://doi.org/10.1007/s11747-022-00850-1","title":"CEO narcissism, brand acquisition and disposal, and stock returns","display_name":"CEO narcissism, brand acquisition and disposal, and stock returns","publication_year":2022,"publication_date":"2022-04-13","ids":{"openalex":"https://openalex.org/W4224010992","doi":"https://doi.org/10.1007/s11747-022-00850-1"},"language":"en","primary_location":{"id":"doi:10.1007/s11747-022-00850-1","doi":"https://doi.org/10.1007/s11747-022-00850-1","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s11747-022-00850-1","pdf_url":"https://link.springer.com/content/pdf/10.1007/s11747-022-00850-1.pdf","source":{"id":"https://openalex.org/S92522684","display_name":"Journal of the Academy of Marketing Science","issn_l":"0092-0703","issn":["0092-0703","1552-7824"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","fnege-3","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of the Academy of Marketing Science","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s11747-022-00850-1.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039452078","display_name":"Zixia Cao","orcid":"https://orcid.org/0000-0002-3547-640X","observed_orcids":["https://orcid.org/0000-0002-3547-640X"]},"institutions":[{"id":"https://openalex.org/I921990950","display_name":"University of Colorado Denver","ror":"https://ror.org/02hh7en24","country_code":"US","type":"education","lineage":["https://openalex.org/I921990950"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Zixia Cao","raw_affiliation_strings":["Department of Marketing, University of Colorado Denver, Denver, CO, 80202, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Marketing, University of Colorado Denver, Denver, CO, 80202, USA","institution_ids":["https://openalex.org/I921990950"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044025227","display_name":"Kehan Xu","orcid":"https://orcid.org/0000-0002-5157-4747","observed_orcids":["https://orcid.org/0000-0002-5157-4747"]},"institutions":[{"id":"https://openalex.org/I168719708","display_name":"City University of Hong Kong","ror":"https://ror.org/03q8dnn23","country_code":"HK","type":"education","lineage":["https://openalex.org/I168719708"]}],"countries":["HK"],"is_corresponding":true,"raw_author_name":"Kehan Xu","raw_affiliation_strings":["Department of Management, College of Business, City University of Hong Kong, Hong Kong, Hong Kong SAR"],"raw_orcid":"https://orcid.org/0000-0002-5157-4747","affiliations":[{"raw_affiliation_string":"Department of Management, College of Business, City University of Hong Kong, Hong Kong, Hong Kong SAR","institution_ids":["https://openalex.org/I168719708"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5044025227"],"corresponding_institution_ids":["https://openalex.org/I168719708"],"apc_list":{"value":4190,"currency":"USD","value_usd":4190},"apc_paid":{"value":4190,"currency":"USD","value_usd":4190},"fwci":4.5332,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.94345513,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":98},"biblio":{"volume":"50","issue":"4","first_page":"777","last_page":"799"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.923799991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.923799991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10145","display_name":"Consumer Behavior in Brand Consumption and Identification","score":0.0272000003606081,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.021800000220537186,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/ceo-narcissism","display_name":"CEO narcissism","score":0.9990000128746033},{"id":"https://openalex.org/keywords/brand-acquisition","display_name":"brand acquisition","score":0.8330000042915344},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.7440000176429749},{"id":"https://openalex.org/keywords/brand-awareness","display_name":"brand awareness","score":0.9769999980926514},{"id":"https://openalex.org/keywords/perceived-brand-quality","display_name":"perceived brand quality","score":0.8190000057220459},{"id":"https://openalex.org/keywords/ceo-personality","display_name":"CEO personality","score":0.6340000033378601}],"concepts":[{"id":"https://openalex.org/C505070042","wikidata":"https://www.wikidata.org/wiki/Q186529","display_name":"Narcissism","level":2,"score":0.7984720468521118},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5732279419898987},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5102710723876953},{"id":"https://openalex.org/C2986265317","wikidata":"https://www.wikidata.org/wiki/Q484876","display_name":"Chief executive officer","level":2,"score":0.49964094161987305},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.4539506137371063},{"id":"https://openalex.org/C179420905","wikidata":"https://www.wikidata.org/wiki/Q223871","display_name":"Mediation","level":2,"score":0.41335320472717285},{"id":"https://openalex.org/C112698675","wikidata":"https://www.wikidata.org/wiki/Q37038","display_name":"Advertising","level":1,"score":0.40413030982017517},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3411279320716858},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.2812008857727051},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.15453502535820007},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1007/s11747-022-00850-1","doi":"https://doi.org/10.1007/s11747-022-00850-1","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s11747-022-00850-1","pdf_url":"https://link.springer.com/content/pdf/10.1007/s11747-022-00850-1.pdf","source":{"id":"https://openalex.org/S92522684","display_name":"Journal of the Academy of Marketing Science","issn_l":"0092-0703","issn":["0092-0703","1552-7824"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","fnege-3","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of the Academy of Marketing Science","raw_type":"journal-article"},{"id":"pmh:oai:pure.atira.dk:publications/ac88478e-5538-4327-8c72-254aac7fa6da","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/2031/ac88478e-5538-4327-8c72-254aac7fa6da","pdf_url":"https://scholars.cityu.edu.hk/files/110495030/98873758.pdf","source":{"id":"https://openalex.org/S7407055387","display_name":"CityU Scholars","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cao, Z & Xu, K 2022, 'CEO narcissism, brand acquisition and disposal, and stock returns', Journal of the Academy of Marketing Science, vol. 50, no. 4, pp. 777\u2013799. https://doi.org/10.1007/s11747-022-00850-1","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:spr:joamsc:v:50:y:2022:i:4:d:10.1007_s11747-022-00850-1","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s11747-022-00850-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1007/s11747-022-00850-1","doi":"https://doi.org/10.1007/s11747-022-00850-1","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s11747-022-00850-1","pdf_url":"https://link.springer.com/content/pdf/10.1007/s11747-022-00850-1.pdf","source":{"id":"https://openalex.org/S92522684","display_name":"Journal of the Academy of Marketing Science","issn_l":"0092-0703","issn":["0092-0703","1552-7824"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","fnege-3","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of the Academy of Marketing Science","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4224010992.pdf","grobid_xml":"https://content.openalex.org/works/W4224010992.grobid-xml"},"referenced_works_count":103,"referenced_works":["https://openalex.org/W1537634908","https://openalex.org/W1751677805","https://openalex.org/W1776252049","https://openalex.org/W1814560945","https://openalex.org/W1893683532","https://openalex.org/W1903437204","https://openalex.org/W1934886387","https://openalex.org/W1967053015","https://openalex.org/W1975908777","https://openalex.org/W1976362794","https://openalex.org/W1985337086","https://openalex.org/W1988112669","https://openalex.org/W1988447536","https://openalex.org/W1998328875","https://openalex.org/W2001956398","https://openalex.org/W2009276207","https://openalex.org/W2012186625","https://openalex.org/W2019465394","https://openalex.org/W2021540993","https://openalex.org/W2025333675","https://openalex.org/W2030513969","https://openalex.org/W2038525465","https://openalex.org/W2042124431","https://openalex.org/W2055078707","https://openalex.org/W2062351163","https://openalex.org/W2064548928","https://openalex.org/W2069223897","https://openalex.org/W2070299628","https://openalex.org/W2080348859","https://openalex.org/W2093858166","https://openalex.org/W2099080641","https://openalex.org/W2102239289","https://openalex.org/W2102750422","https://openalex.org/W2105182179","https://openalex.org/W2106782469","https://openalex.org/W2106797061","https://openalex.org/W2108860923","https://openalex.org/W2108912568","https://openalex.org/W2111771113","https://openalex.org/W2115130164","https://openalex.org/W2115217290","https://openalex.org/W2116589056","https://openalex.org/W2121413265","https://openalex.org/W2124382846","https://openalex.org/W2124690605","https://openalex.org/W2126763138","https://openalex.org/W2129632101","https://openalex.org/W2129672250","https://openalex.org/W2129951714","https://openalex.org/W2131854742","https://openalex.org/W2136120210","https://openalex.org/W2141423196","https://openalex.org/W2143611003","https://openalex.org/W2144798068","https://openalex.org/W2146639747","https://openalex.org/W2148435325","https://openalex.org/W2149170345","https://openalex.org/W2156667558","https://openalex.org/W2160771414","https://openalex.org/W2165491154","https://openalex.org/W2166460907","https://openalex.org/W2259056775","https://openalex.org/W2266639535","https://openalex.org/W2310491675","https://openalex.org/W2549548064","https://openalex.org/W2597388247","https://openalex.org/W2611135970","https://openalex.org/W2613903811","https://openalex.org/W2758937366","https://openalex.org/W2765222637","https://openalex.org/W2824388830","https://openalex.org/W2890350860","https://openalex.org/W2994083838","https://openalex.org/W2997941166","https://openalex.org/W3000418359","https://openalex.org/W3000444634","https://openalex.org/W3017544073","https://openalex.org/W3036320215","https://openalex.org/W3039126109","https://openalex.org/W3083540564","https://openalex.org/W3121307773","https://openalex.org/W3121518221","https://openalex.org/W3121736426","https://openalex.org/W3121860914","https://openalex.org/W3122843332","https://openalex.org/W3123258397","https://openalex.org/W3123435704","https://openalex.org/W3123495781","https://openalex.org/W3124429772","https://openalex.org/W3124693560","https://openalex.org/W3124740225","https://openalex.org/W3125452800","https://openalex.org/W3125538792","https://openalex.org/W3125853770","https://openalex.org/W3126136088","https://openalex.org/W4211006107","https://openalex.org/W4230919125","https://openalex.org/W4234156351","https://openalex.org/W4235100194","https://openalex.org/W4253889179","https://openalex.org/W4297081765","https://openalex.org/W6607975032","https://openalex.org/W7056614153"],"related_works":["https://openalex.org/W7132444793","https://openalex.org/W3083540564","https://openalex.org/W4235916043","https://openalex.org/W4251964517","https://openalex.org/W4416766118","https://openalex.org/W1903437204","https://openalex.org/W7064632813","https://openalex.org/W7113540884","https://openalex.org/W4393230662","https://openalex.org/W2972420675"],"abstract_inverted_index":{"Abstract":[0],"Chief":[1],"executive":[2],"officer":[3],"(CEO)":[4],"narcissism":[5,98,109],"is":[6],"an":[7,17,21],"ingrained":[8],"personality":[9],"trait":[10],"referring":[11],"to":[12,15,28,48,55,72,76,83],"the":[13,116,126,132,141],"degree":[14],"which":[16,96],"individual":[18],"CEO":[19,97,108],"has":[20,110],"inflated":[22],"level":[23],"of":[24,50,85],"self-admiration":[25],"and":[26,31,80,104,137,148],"seeks":[27],"gain":[29],"attention":[30],"social":[32],"praise":[33],"by":[34],"pursuing":[35],"vanity-driven":[36],"strategic":[37],"objectives.":[38],"We":[39,88],"find":[40],"evidence":[41],"that":[42],"narcissistic":[43,61,64],"CEOs":[44,65],"are":[45,66],"less":[46,60],"likely":[47,54,68,82],"dispose":[49,84],"brands":[51,57,79],"but":[52,120],"more":[53,67,81],"acquire":[56,77],"than":[58,69],"their":[59,70,74],"counterparts.":[62],"Further,":[63],"counterparts":[71],"lead":[73],"companies":[75],"high-awareness":[78],"low-awareness":[86],"brands.":[87],"also":[89],"propose":[90],"a":[91,111,121],"moderated":[92],"mediation":[93],"model":[94],"in":[95],"increases":[99],"target":[100,144],"brand":[101,133,145],"asset":[102,146],"overvaluation,":[103],"through":[105],"this":[106],"mediator,":[107],"negative":[112],"indirect":[113,123],"impact":[114,124],"on":[115,125],"acquirer\u2019s":[117],"abnormal":[118,128,149],"returns":[119,129],"positive":[122],"seller\u2019s":[127],"associated":[130],"with":[131],"transactions.":[134],"Brand":[135],"awareness":[136],"perceived":[138],"quality":[139],"weaken":[140],"relationship":[142],"between":[143],"overvaluation":[147],"returns.":[150]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2022-04-19T00:00:00"}
