CEO duality leadership and corporate diversification behavior

被引：113

作者：

Kim, Kong-Hee ^{[1
]}

Al-Shammari, Hussam A. ^{[2
]}

Kim, Bongjin ^{[3
]}

Lee, Seung-Hyun ^{[4
]}

机构：

[1] St Cloud State Univ, Dept Management, St Cloud, MN 56301 USA

[2] Indiana Univ Penn, Dept Management, Indiana, PA 15705 USA

[3] Ewha Womans Univ, Coll Business, Seoul, South Korea

[4] Univ Texas Dallas, Sch Management, Richardson, TX 75083 USA

来源：

JOURNAL OF BUSINESS RESEARCH | 2009年 / 62卷 / 11期

关键词：

CEO duality; Unrelated diversification; Corporate governance mechanisms; BOARD COMPOSITION; FIRM DIVERSIFICATION; EQUITY OWNERSHIP; STOCK OWNERSHIP; PERFORMANCE; GOVERNANCE; POWER; RISK; TENURE; TOP;

D O I：

10.1016/j.jbusres.2008.10.017

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines an important, yet understudied relationship between CEO duality and corporate diversification. Results based on the data collected from Fortune 1000 U.S companies indicate that CEO duality is positively associated with corporate diversification into unrelated industries. Further analyses reveal that this relationship is moderated by a number of corporate governance mechanisms. We find that board equity ownership and institutional ownership concentration weaken the initially positive relationship between CEO duality and unrelated diversification while CEO tenure and board independence strengthen this relationship. (C) 2008 Elsevier Inc. All rights reserved.

引用

页码：1173 / 1180

页数：8

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