The relative importance of CEOS and non-CEOS over firm performance

被引:3
|
作者
Bolinger, Alex [1 ]
Brookman, Jeff [1 ]
Thistle, Paul [2 ]
机构
[1] Idaho State Univ, Coll Business, 921 S 8th Ave, Pocatello, ID 83209 USA
[2] Univ Nevada, Coll Business, 4505 Maryland Pkwy,Box 456008, Las Vegas, NV 89154 USA
关键词
upper echelons theory; managerial power theory; TMT turnover; MANAGEMENT TEAM DEMOGRAPHY; UPPER ECHELONS; DECISION-PROCESS; MODERATING ROLE; TOP; POWER; STRATEGY; IMPACT; SUCCESSION; EXPERIENCE;
D O I
10.1017/jmo.2019.47
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
The purpose of this study is to examine the relative contributions of the CEO and other (non-CEO) top management team members to firm performance. Using data from ExecuComp, we analyze 2,687 CEOs and 11,501 other top management team (TMT) members, by industry, during the period 2004-2017 using variance decomposition methods. We find that other TMT member effects are important but are smaller than CEO effects. We also find that the effect of new TMT members appointed by the CEO on firm performance is larger than the effect of continuing TMT members and that this differential effect on performance increases with CEO tenure.
引用
收藏
页码:1 / 13
页数:13
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