The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts

27 Pages Posted: 29 Apr 2015

See all articles by Katalin Takacs Haynes

Katalin Takacs Haynes

University of Delaware - Business Administration

Michael A. Hitt

Texas A&M University - Department of Management; Texas Christian University

Joanna Tochman Campbell

University of Cincinnati

Date Written: June 2015

Abstract

Much of the research on entrepreneurial behaviour and leadership has emphasized their importance and potentially valuable outcomes, along with the challenges involved in each. Although entrepreneurial activities are essential in all types of organizations, this research focuses on the potential dark side of strategic leaders. Specifically, we examine the potential for and the outcomes of the display of greed and hubris in different entrepreneurial contexts. We present a theoretical model of moderated mediation, focused on the effects of greedy and hubristic behaviour by entrepreneurial leaders on the firm's human and social capital, and consequently venture success. However, the negative relationship manifests differently in the presence of certain firm‐level characteristics. We examine the implications of the dark side of entrepreneurial leadership and recommend several avenues for future research. In so doing, this work contributes to the development of a mid‐range theory of the dark side of entrepreneurial leadership.

Keywords: corporate ventures, entrepreneurial leadership, family firms, greed, hubris, human capital, social capital, young startups

Suggested Citation

Haynes, Katalin Takacs and Hitt, Michael A. and Campbell, Joanna Tochman, The Dark Side of Leadership: Towards a Mid‐Range Theory of Hubris and Greed in Entrepreneurial Contexts (June 2015). Journal of Management Studies, Vol. 52, Issue 4, pp. 479-505, 2015, Available at SSRN: https://ssrn.com/abstract=2600321 or http://dx.doi.org/10.1111/joms.12127

Katalin Takacs Haynes (Contact Author)

University of Delaware - Business Administration ( email )

214 MBNA America Hall
Orchard Road & Amstel Avenue
Newark, DE 19716-2710
United States

Michael A. Hitt

Texas A&M University - Department of Management ( email )

430 Wehner
College Station, TX 77843-4218
United States
979-458-3393 (Phone)

Texas Christian University ( email )

Fort Worth, TX 76129
United States

Joanna Tochman Campbell

University of Cincinnati

Cincinnati, OH 45221-0389
United States

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