Note(s): Table 11 reports whether the effect of CEO narcissism on corporate ESG performance is through the path of exacerbating financing constraints. pred_KZ and pred_FC denote the predicted values of financing constraints in the first stage, respectively. Other variables are defined in Table 1. All regressions are firm-level clustered robust standard errors. *, ** and *** denote significance at the 10%, 5% and 1% levels, respectively