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1 – 10 of over 2000Roberta Toscano, Gavin Price and Caren Scheepers
The purpose of this paper is to test the effects of CEO arrogance on key attitudes of a company’s top management team (TMT).
Abstract
Purpose
The purpose of this paper is to test the effects of CEO arrogance on key attitudes of a company’s top management team (TMT).
Design/method/approach
An experimental design involving a business simulation is used to test the effects of a CEO’s perceived arrogance and humility on the TMT in a boardroom setting.
Findings
The study finds that, as predicted, arrogant CEOs adversely impacts TMT engagement, cohesiveness, collaboration and consensual decision-making. Thus, the higher the level of CEO arrogance, the lower the levels of positive TMT attitudes. The study intriguingly also finds that CEOs who displayed humility also negatively influenced the attitudes of the TMT.
Research limitations/implications
The study took place in South Africa, which may limit the generalizability of the findings. The use of a laboratory experiment may affect the ecological validity of the findings.
Practical implications
The results demonstrate that a “Goldilocks” area of neutrality between arrogance and humility should be sought after by CEOs and recruiters of CEOs. If this is impossible, humble CEOs are preferable to arrogant ones.
Originality/value
This paper empirically demonstrates that arrogant leaders negatively impact their TMT followers in a boardroom environment across a number of attitudes that are keys to the success of effectively managing a corporation. The study also demonstrates that moderation is desired by followers and that CEOs being perceived as overly humble is almost as bad as being perceived as arrogant.
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Widya Ais Sahla and Ardianto Ardianto
This study aims to examine the fraud tendency on the perception of external auditors triggered by five components of the fraud pentagon: pressure (P), opportunity (O)…
Abstract
Purpose
This study aims to examine the fraud tendency on the perception of external auditors triggered by five components of the fraud pentagon: pressure (P), opportunity (O), rationalization (R), competence (C) and arrogance (A). In addition, ethical values (EV) are placed as a moderating variable for this relationship.
Design/methodology/approach
This is a quantitative study with a survey to external auditors around Indonesia. A moderation model for a research framework was developed to investigate the moderating role of ethical values.
Findings
The findings have shown that the five components of the fraud pentagon theory are not fully proven as triggers of fraud in the perception of external auditors. Only C and A have a significant value in influencing the perception of fraud tendency (PFT). Other findings also provide evidence that EV moderate the relationship between C and A to PFT. This shows that EV can be used as an anti-fraud strategy in the external auditor environment.
Originality/value
The originality of this paper is one of the first study that examines the fraud pentagon theory in the field of behavioral accounting. In addition, this paper contributes to the integration of ethical values as an anti-fraud strategy in the external auditor environment.
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Nicole Kuhn and Gilberto Sarfati
The COVID-19 pandemic transformed angel investment meetings from in-person to online. The purpose of this paper is to explore whether this move affected angel investors'…
Abstract
Purpose
The COVID-19 pandemic transformed angel investment meetings from in-person to online. The purpose of this paper is to explore whether this move affected angel investors' perception of subjective behavioral cues in pitch sessions within a large Brazilian angel group.
Design/methodology/approach
This study followed an exploratory approach using a triangulation process that combined observation, documents and interviews. Data collected by observation, document studies, and interviews were themed, coded, and organized during the research.
Findings
The move from in-person to online pitches did not seem to affect levels of trustworthiness or arrogance as angels assessed more message content during Q&A sessions. Body movement, gestures and “eye gaze” (i.e. the look on a presenter’s face) played a central role in passion assessment during in-person meetings. Body language was highly limited during online sessions and tone of voice became the main source of passion assessment.
Research limitations/implications
The findings of this study suggest that pitches at online meetings affect angel investors' perception of founders' subjective cues, particularly cues pertaining to passion. Entrepreneurs should be trained to convey passion with tone of voice and to improve their body language in the context of webcam use. The interviews with volunteer sampling were subject to volunteer bias. Additionally, the findings may be affected by cultural context.
Practical implications
A practical contribution of this study is to highlight the need for entrepreneurs to be trained for online pitches. In an online setting, body language is limited, but it is still possible to use one’s hands and tone of voice to connect better to investors.
Originality/value
This study is unique because it captures the transition of angel investment meetings from in-person affairs before the pandemic to online meetings during the pandemic crisis. These unique circumstances provided a real-world laboratory to observe founders' subjective cue effects on angel investment decision-making.
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Paul A. Herbig and Robert Milam
Fifty years after Pearl Harbor, Japanese economic arrogance is becomingwidely apparent. Argues that the cultural and economic homogeneity whichformed the basis of Japan′s economic…
Abstract
Fifty years after Pearl Harbor, Japanese economic arrogance is becoming widely apparent. Argues that the cultural and economic homogeneity which formed the basis of Japan′s economic success will eventually lead to its downfall. Examines the fallacies of economic arrogance and what lies in the future after the inevitable fall.
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Sarwenda Biduri and Bambang Tjahjadi
The purpose of this study was to determine the determinants of financial statement fraud: the perspective of pentagon fraud theory.
Abstract
Purpose
The purpose of this study was to determine the determinants of financial statement fraud: the perspective of pentagon fraud theory.
Design/methodology/approach
This study used quantitative methods with an explanatory research design by applying secondary data on Islamic banking companies listed on the Indonesia Stock Exchange (IDX).
Findings
External pressure affects financial statement fraud, ineffective monitoring affects financial statement fraud, external auditor quality affects financial statement fraud, change in auditor affects financial statement fraud, frequent number of CEO’s picture affects financial statement fraud, external pressure affects firm size, ineffective monitoring affects firm size, external auditor quality affects firm size, change in auditor affects firm size, frequent number of CEO’s picture affects firm size, firm size affects financial statement fraud, firm size mediates the relationship between external pressure on financial statement fraud, firm size mediates the relationship between ineffective monitoring on financial statement fraud, firm size mediates the relationship between external auditor quality and financial statement fraud, firm size mediates the relationship between change in auditor and financial statement fraud, firm size mediates the relationship between frequent number of CEO’s picture and financial statement fraud.
Research limitations/implications
The limitations of this research were found during the research process and can be used as input for further research and related parties in conducting the research to obtain better research results. The limitations of this study are as follows: this study only focused on Islamic banking, so it cannot be generalized to other sectors. Besides, this study only tested five independent variables, one dependent variable and one mediating variable.
Practical implications
For external auditors, financial statement fraud by management might be caused by many factors and is a social as well as an economic problem that must be addressed immediately. Therefore, in carrying out the duties and roles as an external auditor, they must have an attitude of independence (not taking sides) in the mental attitude that must be maintained by the auditor related to the assignment. Auditors must have sufficient technical expertise and training as auditors. In carrying out the audit, the auditor should use their professional skills in responding carefully and thoroughly. Moreover, in carrying out audit work, the auditor must have a plan, must know adequate internal control and obtain sufficiently competent audit evidence.
Originality/value
To the best of the authors’ knowledge, very few studies in Indonesia have applied the Beneish model. There is only one study that implemented the Beneish model, and the study examined only a few companies listed on the IDX. The findings of the present study have important implications not only for banks but also for users of financial statement accounts in Indonesia, especially for investors, auditors, regulators, taxation and other state authorities.
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The time has come to reflect on the warning signs, decisions made, and repercussions of those in leadership of a financial services company which collapsed in the wake of the…
Abstract
The time has come to reflect on the warning signs, decisions made, and repercussions of those in leadership of a financial services company which collapsed in the wake of the financial crisis during the mid-2000’s. The author was a divisional technology executive of this firm at the time, close enough to the top of the organization to observe the actions of those in charge. The author’s observations over a period of years eventually led her to resign from her position to enter a doctoral program only a few weeks before the company’s demise. The impetus behind the author’s resignation was her feeling that the decisions and actions of those in leadership violated her personal values. In this account, the author offers her personal reflections and the repercussions of this experience, followed by a deconstruction of this tragic leadership failure which includes references to the leadership literature.
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Fatmakhanu (fatima) Pirbhai-Illich, Fran Martin and Shauneen Pete
A growing interdisciplinary literature explores how people can simultaneously hold strong convictions and remain open to the possibility of learning from others with whom they…
Abstract
A growing interdisciplinary literature explores how people can simultaneously hold strong convictions and remain open to the possibility of learning from others with whom they disagree. This tension impacts not only knowledge development but also public discourse within a diverse and disagreeing democracy. This volume of Political Power and Social Theory considers the specific question of how religious convictions inform how people engage in democratic life, particularly across deep political divides. In this introduction, I begin by discussing how a narrow vision of religious citizens as dogmatic believers has led observers to frame religion as a concerning source of democratic distortion – encouraging too much arrogance and not enough humility. Yet this dogmatic believer narrative captures only one aspect of American religion. Juxtaposing a snapshot of dogmatic believers alongside two other snapshots of religious groups engaging in political life raises complex questions about the relationship between religious conviction, humility, and democracy in a time of deep political polarization. I argue that answering these questions requires a sociological approach that is attuned to power, context, culture, institutions, and history. At the same time, I show how attention to the tension between conviction and humility has the potential to enrich the sociological study of religion and democracy, and particularly ethnographic research across the moral/political divide.
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With half of those in leadership positions maybe falling short, the purpose of this paper is to review literature on why leaders fail.
Abstract
Purpose
With half of those in leadership positions maybe falling short, the purpose of this paper is to review literature on why leaders fail.
Design/methodology/approach
A number of recent journal articles, book chapters and books were examined.
Findings
The paper identified common causes of failure and possible remedial actions. Leaders that fail behave in ways reflective of their personality that limit or derail their careers. These flaws include arrogance, aloofness, perfectionism, insensitivity, selfishness and betraying the trust of others.
Research limitations/implications
Very little research on this important topic has been conducted.
Practical implications
Solutions highlight the role of early feedback in reducing leadership failures.
Originality/value
This paper raises a topic important in leadership development but ignored by both researchers and managers.
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Jerry Toomer, Craig Caldwell, Steve Weitzenkorn and Chelsea Clark