Top-Down Influence? Predicting CEO Personality and Risk Impact from Speech Transcripts

Authors

  • Kilian Theil University of Mannheim
  • Dirk Hovy Bocconi University
  • Heiner Stuckenschmidt University of Mannheim

DOI:

https://doi.org/10.1609/icwsm.v17i1.22192

Keywords:

Psychological, personality-based and ethnographic studies of social media, Measuring predictability of real world phenomena based on social media, e.g., spanning politics, finance, and health

Abstract

How much does a CEO’s personality impact the performanceof their company? Management theory posits a great influence, but it is difficult to show empirically—there is a lack of publicly available self-reported personality data of top managers. Instead, we propose a text-based personality regressor based on crowd-sourced Myers–Briggs Type Indicator (MBTI) assessments. The ratings have a high internal and external validity and can be predicted with moderate to strong correlations for three out of four dimensions. Providing evidence for the upper echelons theory, we demonstrate that the predicted CEO personalities have explanatory power of financial risk.

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Published

2023-06-02

How to Cite

Theil, K., Hovy, D., & Stuckenschmidt, H. (2023). Top-Down Influence? Predicting CEO Personality and Risk Impact from Speech Transcripts. Proceedings of the International AAAI Conference on Web and Social Media, 17(1), 832-841. https://doi.org/10.1609/icwsm.v17i1.22192

Issue

Vol. 17 (2023): Proceedings of the Seventeenth International AAAI Conference on Web and Social Media

Section

Full Papers