financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2019-23-6-131-142finance-932Research ArticleКОРПОРАТИВНЫЕ ФИНАНСЫCORPORATE FINANCEНарциссизм генерального директора: влияние на финансовые результаты государственной корпорацииNarcissism of Executive Officer: Profit quality of Government Corporationhttps://orcid.org/0000-0002-7683-1447ФебринаП.FebrinaP.

Поппи Фебрина — бакалавр в области экономики, студент магистратуры

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Poppy Febrina — Bachelor of Economics, Master Student

poppyazora@yahoo.co.idhttps://orcid.org/0000-0003-4056-5105ВахьюдиТ.WahyudiT.

Тертьярто Вахьюди — магистр наук в области бухгалтерского учета и финансовых информационных систем, преподаватель

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Tertiarto Wahyudi — Master Of Accountancy and financial information systems, lecturer

tertiarto_wahyudi@unsri.ac.idhttps://orcid.org/0000-0003-0066-2445АзвардиА.AzwardiA.

Азварди — магистр наук в области экономики, преподаватель

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Azwardi — Master of Science of Economics, lecturer

Azwardi_unsri@yahoo.comУниверситет ШривиджаяИндонезияSriwijaya UniversityIndonesia201924122019236131142Copyright © Фебрина П., Вахьюди Т., Азварди А., 20192019Фебрина П., Вахьюди Т., Азварди А.Febrina P., Wahyudi T., Azwardi A.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/932

Исследуется явление, которое получает все большее распространение по всему миру, включая Индонезию — нарциссизм руководителей в различных компаниях. Цель данного исследования — определить влияние нарциссизма генерального директора на финансовые результаты компании. Исследование проведено на примере двадцати специально отобранных государственных компаний, зарегистрированных на Индонезийской фондовой бирже в 2015– 2018 гг. Дается оценка влияния нарциссизма генерального директора на качество прибыли, финансовые показатели компании. Автор предлагает математическое обоснование некоторых положений проблемы. Оценка управления финансовой деятельностью компании проведена с помощью модифицированной модели Джонса. Данные проанализированы посредством множественной линейной регрессии. Исследование показало, что нарциссизм генерального директора отрицательно влияет на финансовые результаты компании и ведет к снижению прибыли. Это соответствует теории высших эшелонов, утверждающей, что организация является отражением ценностей лидера.

The study was motivated by the increasingly widespread phenomenon of narcissism of CEOs in various companies throughout the world, including Indonesia.he purpose of this study was to determine the impact of narcissism of the Chief Executive Officer on the profit quality of the company.The study was conducted on the purposive sampling of 20 state-owned companies listed on the Indonesia Stock Exchange in 2015 to 2018. The impact of narcissism of the CEO on the profit quality and the financial performance of the company was assessed.The author provided the mathematical justification of some provisions of the issue. The Modified Jones Model was used to evaluatethe company’s financial management. The data were analyzed by means of Multiple Liner Regression.The study showed that the narcissism of the CEO negatively affects the financial results of the company and leads to lower profits. This is consistent with the Upper Enchelons Theory, which states that the organization is a reflection of the values of its leader.

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The authors declare that there are no conflicts of interest present.