Fraud Tied to CEOs' Egos

Posted on November 13, 2009 by Michael Stocker

Three Canadian academics propose the size of a CEO’s ego is strongly correlated with fraud. The authors suggest that egotistical managers, fueled by media attention and analyst praise, gain a feeling of invincibility that leads them to take more risks in fraudulent activities. The study was limited to Canadian firms but the authors refer to the possible applicability of their analysis to U.S. companies.

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