• Home Page
  • Narcissism And The Takeover Process Analysis

Narcissism And The Takeover Process Analysis

Improved Essays
Show More
In the article “CEO Narcissism and the Takeover Process”, the authors noticed that the narcissism could explain the CEOs’ reactions on the takeover process better. Since narcissism is a complete personality trait that could describe the CEOs cognitive skills and behavior better. And the characteristics of narcissists, manipulative and lacking in empathy, could affect the merger negotiations (Nihat Aktas, Eric de Bodt, Helen Bollaert, Richard Roll, 2012).

The authors first examined the relationship between the bid premiums and the narcissism of target CEOs. And the result showed that the positive and significant coefficient for target CEO narcissism indicates that more narcissistic target CEOs obtain higher bid premiums (Nihat Aktas, Eric …show more content…
The result showed that effects of target and acquirer CEO narcissism are significantly opposite to each other except on the probability of deal completion. For deal length, higher degree of acquirer CEO narcissism is significantly associated with shorter takeover processes; higher the target CEO's narcissism relative to the acquirer's, the longer the private takeover length. And the the higher level of narcissism of the CEOs from acquirer companies the faster the process of initiating and negotiating. Moreover, they also noticed that the level of narcissism in either parties is negatively affect the probability of deal completion (Nihat Aktas, Eric de Bodt, Helen Bollaert, Richard Roll, …show more content…
How are variables defined?
CEO narcissism indicator
In previous research, Acquirer CEO narcissism, target CEO narcissism and CEO narcissism ratio were measured by the total number of first person singular pronouns appeared in their speeches, which were used to as CEO narcissism indicator; therefore, I decided to continue using this approach to access the narcissism indicator.
• Acquirer CEO narcissism, target CEO narcissism
• CEO narcissism ratio
Dependent variables:
I decided to only look at the effect on 4 factors, and still follow the Nihat Aktas, Eric de Bodt, Helen Bollaert, Richard Roll’s approach.
• Private takeover process length: The number of months elapsed between the beginning of the deal process and announcement date.
• Bid premium: the 4-week premium: the share price offered by the wining bidder to target shareholders deflated by the price of the target four weeks prior to the announcement

Related Documents

  • Improved Essays

    I Heart Huckabes And Davis Personality Disorder
    • 854 Words
    • 4 Pages

    I Heart Huckabes And Davis Personality Disorder

    Narcissists need to feel above all others, and are envious, competitive, and spiteful. Narcissists live in an almost fantasy-like world of their own invention, in which everything revolves around them. Below the surface, narcissists suffer feelings of inferiority and vulnerability. They often belittle others to inflate their sense of self worth and mask their insecurities. Men are more likely to suffer from narcissistic personality disorder, and the disorder tends to become more pronounced with…

    • 854 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Personality Psychopathology Chapter 14 Summary
    • 502 Words
    • 3 Pages

    Personality Psychopathology Chapter 14 Summary

    Chapter 14 discusses personality psychopathology, diagnosing personality psychopathology, and the personality disorder types. I specifically chose the narcissistic type of personality disorder, which describes the clinical characteristics of narcissistic personality disorder as “an exaggerated sense of self-importance, an exploitative attitude, and a lack of empathy” (Sue 391). A person with this specific type of personality disorder “requires constant attention and admiration, and have difficulty accepting personal criticism” (Sue 391). With that being said, it shouldn’t be a surprise to find that any type of conversation you have with someone that is diagnosed with narcissistic personality disorder would focus solely on their own interests…

    • 502 Words
    • 3 Pages
    Improved Essays
    Read More
  • Decent Essays

    Learned Needs Theory: Social Norms And Past Experience
    • 257 Words
    • 2 Pages

    Learned Needs Theory: Social Norms And Past Experience

    Moreover, it determines effective executives that have lower need for social approval. The last learned need is the need for power. It reveals desire to control one’s environment and indicates between personalised…

    • 257 Words
    • 2 Pages
    Decent Essays
    Read More
  • Great Essays

    David Foster Wallace's The Devil Is A Busy Man
    • 2034 Words
    • 9 Pages

    David Foster Wallace's The Devil Is A Busy Man

    The narcissism is not a momentary flaw of character but something ingrained in human society and the human…

    • 2034 Words
    • 9 Pages
    Great Essays
    Read More
  • Improved Essays

    Narcissism In Sunshine And Shadow
    • 951 Words
    • 4 Pages

    Narcissism In Sunshine And Shadow

    Narcissism is defined as excessive interest in one’s self-image and physical appearance. Christopher Lasch defined “the culture of narcissism” with seven characteristics, three of which are well reflected through Ann Beattie’s writing. These characteristics are that “they demand love and commitment from others, but they won’t give it”, “they feel their lives are entirely out of control, that they lack power and can’t be expected to take responsibility for the consequences of their actions” and “their dominant moods are anger and self-pity.” In “Sunshine and Shadow”, Jake is is expecting love from Laura Ann and Mary; however he does not want to give either of them all his affection. Throughout the movie Chilly Scenes of Winter, Charles waits…

    • 951 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Summary: The Ultimatum Game
    • 1234 Words
    • 5 Pages

    Summary: The Ultimatum Game

    As one would expect, the tough mindedness and independent personality proposer demanded higher than the tender-minded and dependent proposer. This reveals that people don’t solely consider others’ interests strategically to maximize their payoff. The proposers may mold the strategic perception based on the sharpness of their personality. For the responders, the ones who tend to have combination of low emotional stability and high extraversion or high emotional stability and low extraversion tended to reject the offers more often than other responders.…

    • 1234 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    Maus: Father And Son Relationship In The Holocaust
    • 1003 Words
    • 4 Pages

    Maus: Father And Son Relationship In The Holocaust

    Although there has been other genocides, the Holocaust has been the worst event that took place in history. Two million Jews and other minorities were targeted and killed. The Holocaust was successful in carrying out all the atrocities they did under the regime of Hitler, because Hitler and his followers were organize and tactical when caring out their reign of terror. Pulitzer Prize-winning graphic memoir, Maus, written by Art Speigelman’s (1991). The author writes about his father experience in the concentration camp.…

    • 1003 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Frances Cress Welsing's Theory Of Racism And The Civil Rights Movement
    • 1724 Words
    • 7 Pages

    Frances Cress Welsing's Theory Of Racism And The Civil Rights Movement

    In her second chapter, Welsing provides a list of characteristics that can be used to identify someone with narcissistic behavior and thoughts. As narcissists, they crave admiration and attention. Whites are typically placed in important and high-ranking positions. Their higher positions provide them with the amount of admiration and attention they expect to receive. Narcissists respond to defeat with feelings of rage.…

    • 1724 Words
    • 7 Pages
    Superior Essays
    Read More
  • Improved Essays

    Mayo Clinic Narcissism Essay
    • 820 Words
    • 4 Pages

    Mayo Clinic Narcissism Essay

    Narcissism, for instance, is not just a virtue with a negative connotation. Narcissistic Personality Disorder is an actual behavioral disorder. According to Mayo Clinic Narcissistic Personality Disorder is a “mental disorder in which people have an inflated sense of their own importance, a deep need for admiration and a lack of empathy for others” (Mayo Clinic). This psychological disability can lead to a controlling nature. Therefore, this controlling nature can cause this person to become unstable and lash out during certain situations that they are not in charge of.…

    • 820 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    The Corporation: World Health Organization's Manual Of Mental Disorders
    • 685 Words
    • 3 Pages

    The Corporation: World Health Organization's Manual Of Mental Disorders

    1. In the documentary film, The Corporation, the six symptoms of psychopathy taken from the World Health Organization’s Manual of Mental Disorders, were applied to the corporate world today. One by one, the documentary listed all six symptoms and began to check off each symptom that the corporation world is presenting. All six symptoms were checked, proving that the corporate “person” today could rightly be diagnosed with the mental disorder of Psychopathy.…

    • 685 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    The Narcissist's Smear Campaign
    • 513 Words
    • 3 Pages

    The Narcissist's Smear Campaign

    THE NARCISSIST’S SMEAR CAMPAIGN Narcissists use a calculated (and effective) series of lies and gossip to deliberately bring their target down and make themselves look good. Why? There can be many reasons such as you seeing them for who they really are, to discredit you should you decide to expose them, jealously, a relationship coming to an end, not giving the narcissist enough attention or a simple disagreement.…

    • 513 Words
    • 3 Pages
    Improved Essays
    Read More
  • Superior Essays

    Summary: The Cult Of Personality
    • 1202 Words
    • 5 Pages

    Summary: The Cult Of Personality

    Some of the critics conclude that correlation between personality traits and organization’s activity are too low to treat them as significant predictors…

    • 1202 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    The Importance Of Narcissism In The Great Gatsby
    • 2758 Words
    • 12 Pages

    The Importance Of Narcissism In The Great Gatsby

    Mitchell explains that “In Rothstein’s words, ‘People with narcissistic personality disorders feel entitled to have what they want just because they want it’ (63).” Gatsby can have no true emotional contact with Daisy, Mitchell explains. As any narcissist would, Gatsby compensates for this by “making exploitive demands upon Daisy and upon the world in general (63).” For example, Gatsby demands that Daisy deny ever loving Tom. It is revealed that, even early in his life, his “self-absorption” allowed him to exploit women and take them for granted (Fitzgerald, 104).…

    • 2758 Words
    • 12 Pages
    Improved Essays
    Read More
  • Superior Essays

    Social Media Narcissism
    • 1167 Words
    • 5 Pages
    • 6 Works Cited

    Social Media Narcissism

    Narcissists are great at being chameleons. They are known for being smart, confident, and articulate, and usually very charming when we first get to know them. Oftentimes they are obnoxious, and love themselves anyway…at least outwardly. More striking — and more surprising — they were aware that people who knew them well did not have quite the same high opinion of them. They acknowledged that those people would indeed see them as self-absorbed and disagreeable.…

    • 1167 Words
    • 5 Pages
    • 6 Works Cited
    Superior Essays
    Read More
  • Improved Essays

    Hitler's Psychodynamic Approach
    • 2012 Words
    • 8 Pages

    Hitler's Psychodynamic Approach

    6867 This section brings together the main sets of findings from the theoretical and case study research. The research question set up was how managers are effective within organisations, and to what extent is the personality or psychopathy of a manager is a critical variable. As described below, the outcomes of the research have been limited by a number of constraints and errors, although some tentative conclusions can be drawn.…

    • 2012 Words
    • 8 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings