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This study explores an important yet understudied relationship between CEO narcissism and green innovation, both separately and when moderated by CEO demographic traits (international experience and age). We analyzed a sample of 206 U.S.-listed firms on the S&P 500 over a 10-year period. Our initial findings indicate a negative association between CEO narcissism and green innovation. However, further analysis reveals that this relationship is influenced by two CEO demographic traits. Specifically, CEOs' international experience and age mitigate the initially negative link (...) between CEO narcissism and green innovation. These results align with insights from the upper echelon theory, shedding light on the dark side of narcissism. The implications of our findings extend to firms' team management, directors, policy-makers, and regulators. (shrink)

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This paper investigates the correlation between excessive ESG disclosure and economic risk, measured through the cost of capital. We analyze a sample comprising 430 S&P 500 US firms over 12 years, from 2011 to 2022. Our findings show that excessive ESG disclosure is associated with a reduction in the cost of capital. Specifically, the environmental and social dimensions of ESG disclosure exhibit explanatory power in decreasing the cost of capital, with the environmental dimension demonstrating particularly strong influence. Conversely, excessive governance (...) disclosure shows no significant impact. Additionally, our study shows that CSR assurance serves as a negative moderator in the relationship between excessive ESG disclosure (including overall excessive ESG score, and environmental and social dimensions) and economic risk. (shrink)

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