دانلود رایگان مقاله انگلیسی همه فن حریف بودن یا رییس بودن؟ تجربه مدیر عامل شرکت و عملکرد شرکت - الزویر 2018

عنوان فارسی
همه فن حریف بودن یا رییس بودن؟ تجربه مدیر عامل شرکت و عملکرد شرکت
عنوان انگلیسی
Jack of all, master of all? CEO generalist experience and firm performance
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
15
سال انتشار
2018
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
نوع مقاله
ISI
نوع نگارش
مقالات پژوهشی (تحقیقاتی)
رفرنس
دارد
پایگاه
اسکوپوس
کد محصول
E10260
رشته های مرتبط با این مقاله
مدیریت
گرایش های مرتبط با این مقاله
مدیریت اجرایی، مدیریت عملکرد
مجله
فصلنامه رهبری - The Leadership Quarterly
دانشگاه
Florida Atlantic University - College of Business - Department of Management - United States of America
کلمات کلیدی
مدیران ارشد، سرمایه انسانی مدیر عامل، مدیر عامل شرکت، عملکرد شرکت
doi یا شناسه دیجیتال
https://doi.org/10.1016/j.leaqua.2018.08.006
چکیده

ABSTRACT


Although more generalist CEOs command a significant pay premium and are known for initiating a variety of strategic changes, whether their sought-after experience is associated with higher firm performance remains unexplored. Drawing on instrumental leadership and domain expertise frameworks, we propose a negative association between more generalist CEO experience (across different industries or firms) and firm performance, but one that is alleviated by longer tenure. Based on a sample of 16,158 CEO-firm-year observations from 2243 firms, we find support for a negative association between more generalist CEO experience and firm performance, which is alleviated with longer CEO tenure. These preliminary results have implications for the increasingly common practice of seeking to hire more generalist CEOs in an effort to improve firm performance.

نتیجه گیری

Conclusion


Generalist CEOs are highly sought-after executives and receive a significant pay premium. However, a significant body of work in this area has not focused on the most desired outcome of higher pay: firm performance. If there is an economic rationale for leveraging the diverse abilities of the so-called generalist CEOs, then the economic rationale would also dictate a higher pay-for-performance sensitivity. The results show a negative association between more general CEO experience and firm performance, although longer tenure has the potential to limit further declines in performance. These findings paint a bleaker picture of the pay-for-performance rationale for hiring more generalist CEOs. The results suggest there may be an irrational exuberance about hiring CEOs with more general experiences, however, the economic returns from such exuberance are negative in the shortrun and neutral in the long-term.


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