Behavioral agency and corporate entrepreneurship: CEO equity incentives & competitive behavior

被引：0

作者：

Carla D. Jones

Phillip M. Jolly

Connor J. Lubojacky

Geoffrey P. Martin

Luis R. Gomez-Mejia

机构：

[1] Sam Houston State University,Department of Management and Marketing

[2] Pennsylvania State University,School of Hospitality Management

[3] University of Houston,Management Department

[4] Melbourne Business School,Department of Management, W.P. Carey School of Business

[5] Arizona State University,undefined

来源：

International Entrepreneurship and Management Journal | 2019年 / 15卷

关键词：

Behavioral agency; Corporate entrepreneurship; Competitive behavior; Incentive alignment;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

Scholars have long studied drivers of entrepreneurial behavior among established firms. Yet little is known about how individual factors shape a firm’s choice to pursue entrepreneurship. We draw on behavioral agency theory to explore the role of equity incentives in driving corporate entrepreneurship. Our findings suggest CEOs avoid corporate entrepreneurial behaviors as their option wealth increases. However industry dynamics also prove to be an important contingency when predicting the effects of both restricted stock and stock options on the likelihood that the CEO engages in corporate entrepreneurship. Our findings provide a theoretical platform for predicting dimensions of entrepreneurial behavior and highlight effects of CEO equity ownership.

引用

页码：1017 / 1039

页数：22

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