Liao, ShushuNguyen, Nhut HTruong, Cameron2024-06-272024-06-272023-07-07The British Accounting Review, ISSN: 0890-8389 (Print); 1095-8347 (Online), Elsevier BV, 101234-101234. doi: 10.1016/j.bar.2023.1012340890-83891095-8347http://hdl.handle.net/10292/17722We examine the effect of CEO extraversion on corporate performance during the Global Financial Crisis (GFC). Contrary to the expectation that extraverted CEOs should shield firms better from GFC adversities, we document that the extraversion characteristic of CEOs places a significant, though negative, effect on corporate performance during the financial crisis. Our findings are robust to controlling for other CEO personality traits. We also perform a battery of robustness tests and validate the underperformance of firms with extraverted CEOs during the GFC using stock returns and measures of operating performance. We argue that because extraverted CEOs are associated with heightened firm risk profile, this can hurt firms when the market disciplines excessive risk-taking during the crisis.© 2023 The Authors. Published by Elsevier Ltd on behalf of British Accounting Association. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).http://creativecommons.org/licenses/by-nc-nd/4.0/3501 Accounting, Auditing and Accountability3502 Banking, Finance and Investment35 Commerce, Management, Tourism and Services3507 Strategy, Management and Organisational Behaviour1501 Accounting, Auditing and AccountabilityAccounting3501 Accounting, auditing and accountability3502 Banking, finance and investmentJournal ArticleOpenAccess10.1016/j.bar.2023.101234