Research Program

The Psychology of Strategic Leadership

Peer-reviewed research on how executive personality shapes organizational outcomes.

My research sits at the intersection of strategic management and behavioral science. I study how the measurable psychological traits of CEOs and senior executives — narcissism, humility, Machiavellianism, agreeableness, psychopathy — systematically predict the decisions they make and the results those decisions produce.

CEO Narcissism & the Dark Triad

My most-cited work demonstrates that CEO narcissism drives corporate social responsibility spending — not out of altruism, but as a vehicle for self-enhancement. This has implications for how boards evaluate CSR commitments and how investors interpret "purpose-driven" leadership. More recent work extends to the full Dark Triad, examining CEO psychopathy and its effects on downsizing decisions, and how "moral elasticity" among dark-trait executives enables simultaneous CSR and corporate irresponsibility.

Strategic Management Journal
Corporate Social Responsibility or CEO Narcissism? CSR Motivations and Organizational Performance
Petrenko, O.V., Aime, F., Ridge, J., & Hill, A. (2016)
Highly Cited Paper (Web of Science)
Organization Science
Courting the Sharks: CEO Narcissistic Admiration and Rivalry on New Venture Funding
Sanchez-Ruiz, P., Blake, A., Petrenko, O.V., et al. (in press)
Journal of Business Ethics
Executive Moral Elasticity: How Dark Personality Traits Shape CSR and Irresponsibility
Giardino, P.L., Cristofaro, M., & Petrenko, O.V. (in press)

CEO Humility & the Value of Lower Expectations

In counterpoint to the narcissism research, I've studied how CEO humility creates market outperformance. The mechanism is counterintuitive: humble CEOs set lower expectations with analysts and stakeholders, then consistently exceed them. This "expectations management" effect compounds over time and produces superior risk-adjusted returns. This work was featured in Harvard Business Review.

Strategic Management Journal
The Case for Humble Expectations: CEO Humility and Market Performance
Petrenko, O.V., Aime, F., Recendes, T., & Chandler, J.A. (2019)
Harvard Business Review
CEOs: Another Reason to Value Humble Leaders
Petrenko, O.V. (2020)
Strategic Entrepreneurship Journal
Do the Personal Attributes of CEOs Matter in the IPO Pricing Process? Charisma and Humility
Chandler, J.A., Petrenko, O.V., Hayes, N., Blake, A.B., & Aime, F. (2023)

Machiavellianism, Bargaining & Executive Compensation

Machiavellian CEOs are skilled bargainers who extract favorable terms from suppliers, partners, and even their own boards. My work in the Strategic Management Journal shows this produces measurable cost advantages — but the long-term consequences for trust and organizational culture are more complex. Related work in the Journal of Applied Psychology examines how Machiavellianism shapes executive pay outcomes.

Strategic Management Journal
Bargaining Your Way to Success: Machiavellian CEOs and Organizational Costs and Performance
Recendes, T., Aime, F., Hill, A., & Petrenko, O.V. (2022)
Journal of Applied Psychology
CEO Machiavellianism and Executive Pay
Recendes, T., Hill, A., Aime, F., Ridge, J., & Petrenko, O.V. (in press)
Family Business Review
CEO Machiavellianism and Strategic Alliances in Family Firms
Chandler, J.A., Petrenko, O.V., Hill, A., & Hayes, N. (2021)

Entrepreneur-Investor Dynamics

My work on entrepreneurship examines the adversarial dynamics between founders and investors — a relationship that is far more psychologically complex than standard agency models suggest. Recent publications explore how personality drives funding outcomes, how power struggles unfold over venture control, and why entrepreneurship is psychologically perilous.

Academy of Management Perspectives
The Complex Dynamics of Capital and Power in Entrepreneur-Investor Relationships
Waldron, T., McMullen, J., Payne, T., Petrenko, O.V., & Wetherbe, J. (2025)
Journal of Business Venturing
Entrepreneur-Investor Rivalry Over New Venture Control: The Battle for Balcones Distilling
Waldron, T., McMullen, J., Petrenko, O.V., et al. (2022)

Agreeableness, Leadership & Organizational Outcomes

A meta-analysis published in The Leadership Quarterly (nominated for Best Paper, 2022) synthesized the evidence on agreeableness and leadership outcomes. Ongoing work examines the curvilinear effects of CEO agreeableness — why being "too nice" can be as problematic as being too aggressive.

The Leadership Quarterly
Let's Agree About Nice Leaders: A Meta-Analysis of Agreeableness and Leadership Outcomes
Blake, A.B., Luu, V.H., Petrenko, O.V., et al. (2022)
Nominated for Best Paper, 2022

Methodology: Measuring What You Can't Observe

A central challenge in studying CEO psychology is measurement — you can't ask a Fortune 500 CEO to sit for a personality test. I've pioneered videometric methods that assess personality traits from observable behavior in public settings (earnings calls, media appearances, conference presentations), enabling research on executives who would otherwise be inaccessible.

Research Methodology in Strategy and Management
Videometric Measurement of Individual Characteristics in Difficult to Access Subject Pools
Hill, A., Petrenko, O.V., Ridge, J., & Aime, F. (2019)

Full publication list and CV available on request.

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