Earthquake or glacier? How CEO charisma manifests in firm strategy over time

被引:89
作者
Wowak, Adam J. [1 ]
Mannor, Michael J. [1 ]
Arrfelt, Mathias [2 ]
Mcnamara, Gerry [3 ]
机构
[1] Univ Notre Dame, Dept Management, Mendoza Coll Business, Notre Dame, IN 46556 USA
[2] Arizona State Univ, Dept Management, WP Carey Sch Business, Tempe, AZ USA
[3] Michigan State Univ, Broad Coll Business, Dept Management, E Lansing, MI 48824 USA
关键词
upper echelons; charisma; executive tenure; strategic decision making; CEOs; CORPORATE SOCIAL-RESPONSIBILITY; TRANSFORMATIONAL LEADERSHIP; UPPER ECHELONS; ORGANIZATIONAL PERFORMANCE; TRANSACTIONAL LEADERSHIP; DIVERSIFICATION STRATEGY; RESPONSE RATES; MANAGEMENT; PERSONALITY; EXECUTIVES;
D O I
10.1002/smj.2346
中图分类号
F [经济];
学科分类号
02 ;
摘要
Numerous studies have focused on CEO charisma as an antecedent to firm performance, but this literature has largely overlooked the possibility that charisma manifests in more proximal strategic initiatives that (unlike performance) are largely under the CEO's control. In this study, we integrate perspectives from the upper echelons and charismatic leadership literatures to argue that CEO charisma influences year-over-year strategic change, the degree to which strategies deviate from industry central tendencies, and the degree of emphasis on corporate social responsibility. We also theorize that, depending on the outcome in question, the effects of charisma can become both amplified and diminished as CEO tenure advances. Employing a novel data collection approach for a sample of 113 S&P 500 CEOs, we find broad support for our theory. Copyright (c) 2014 John Wiley & Sons, Ltd.
引用
收藏
页码:586 / 603
页数:18
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