CEO CAREER VARIETY: EFFECTS ON FIRM-LEVEL STRATEGIC AND SOCIAL NOVELTY

被引:329
作者
Crossland, Craig [1 ]
Zyung, Jinyong [2 ]
Hiller, Nathan J. [3 ]
Hambrick, Donald C. [4 ]
机构
[1] Univ Notre Dame, Mendoza Coll Business, Notre Dame, IN 46556 USA
[2] Rice Univ, Jones Grad Sch Business, Houston, TX 77251 USA
[3] Florida Int Univ, Coll Business Adm, Miami, FL 33199 USA
[4] Penn State Univ, Smeal Coll Business, University Pk, PA 16802 USA
关键词
TOP MANAGEMENT TEAM; GENERALIZED ESTIMATING EQUATIONS; MODERATING ROLE; UPPER ECHELONS; ORGANIZATIONAL PERFORMANCE; DIVERSIFICATION STRATEGY; BOUNDARYLESS CAREERS; SELECTIVE PERCEPTION; COGNITIVE-ABILITY; JOB-PERFORMANCE;
D O I
10.5465/amj.2012.0469
中图分类号
F [经济];
学科分类号
02 ;
摘要
We introduce the concept of "CEO career variety" -defined as the array of distinct professional and institutional experiences an executive has had prior to becoming CEO. Using a longitudinal sample of Fortune 250 CEOs, we hypothesize, and find strong evidence for the assertion, that CEO career variety is positively associated with firm-level strategic novelty-manifested in strategic dynamism (period-on-period change) and strategic distinctiveness (deviance from industry central tendencies). We also find mixed evidence that CEO career variety is positively associated with social novelty-manifested in top management team turnover and heterogeneity.
引用
收藏
页码:652 / 674
页数:23
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