It has been recognised that a major contributory factor to the current financial crisis has been the excessive risk-taking behaviour of the banking sector. The UK Banking Commission Report proposes, as a remedy, that bankers who take excessive risks that lead their banks into bail-out situations...

This paper examines the relation between CEO narcissism and firm’s credit ratings. Using the size of the CEO signature to measure CEO narcissism, we find that narcissistic CEOs are associated with lower firm’s credit ratings. The negative association between CEO narcissism and credit ratings...