A new study published in the Strategic Management Journal, co-authored by several authors including SMU Assistant Professor of Strategy & Entrepreneurship Daniel Mack and SMU Lee Kong Chian Professor of Strategic Management Gokhan Ertug, found evidence that high-narcissism chief executive officers (CEOs) respond to above-aspiration performance with more acquisitions, while low-narcissism CEOs avoid acquisitions. Their findings suggested that acquisitions are not always guided purely by organisational motives, as they should be in an ideal world, but can also be influenced by the personal ambitions of top executives.
