总经理和首席执行官 研究:签名越大的首席执行官越自恋

研究:签名越大的首席执行官越自恋  

The bigger a CEO's signature the more likely he or she is to be a narcissist
a new study claims.
The research which pared the signatures of some 605 CEOs of US firms found that size does matter where boss's autographs are concerned.
It found that bosses with bigger signatures also tended to get the highest pay
but were in fact more likely to run their panies into the ground.
研究发现，签名更大字的上司通常能得到最高的薪水，但事实上也更可能把公司搞垮。
The study by academics at the Feenan-Flagler Business School at the University of North Carolina took the signatures of CEOs from pany accounts filings with the US Securities and Exchange Commission.
The authors identify narcissism as an egotistical character trait 'associated with conceit and disregard for others'.
'Similarly
narcissism creates biased self-perception in the form of upwardly biased evaluation of one’s own abilities and performance
' they say in the paper.
These qualities make them bad decision makers
the study says
but enables them to convince directors and shareholders of their petency to the extent that they get better pay.
Professor Sean Wang
one of three authors of the study
told ABC News that the 605 signatures analysed were found largely on annual reports and other documents filed by S&P 500 panies as of July 2011.
The S&P 500 index tracks the most valuable 500 panies listed on US stock markets.
Signatures were fed into a custom coded puter program which drew a rectangle around each of them and measured the area they covered.
'We standardized the measure by dividing the area by the number letters in the CEO's signature
' Professor Wang said.
Professor Wang said he and his co-authors relied on findings from previous psychological studies which claimed that bigger signatures mean bigger egos.
Using the size of the signature as a proxy for the writers' narcissism
they found that narcissistic CEOs invest more in capital expenditures and acquisitions but pay lower dividends
with overinvestments being largest in magnitude when financial slack is high.