Автор |
Judge, William, Q. |
Автор |
Dobbins, Gregory, H. |
Дата выпуска |
1995 |
dc.description |
There have been increasing calls for greater outside directors to be more aware and informed about the firm S decisions and decision-making process. If outsiders are more informed, it is presumed that they will work more closely with the CEO, and as a result, positively influence firm performance. This research examined individual outside directors’ awareness of one prominent aspect of the CEO’S activity, namely the CEO’S strategic decision style. We found that the outside director3 awareness of the CEOS decision style was positively related to financial profitability and negatively related to financial risk after controlling for industry, organizational size, profit orientation, board leadership, and proportion of insiders. In addition, we found that the CEOS tenure was negatively related to outsider awareness, but this relationship was stronger in non-profit organizations and situations where the CEO did not chair the board. Implications of the findings for future research and application are discussed. |
Издатель |
Sage Publications |
Название |
Antecedents and Effects of Outside Director’s Awareness of CEO Decision Style |
Тип |
Journal Article |
DOI |
10.1177/014920639502100103 |
Print ISSN |
0149-2063 |
Журнал |
Journal of Management |
Том |
21 |
Первая страница |
43 |
Последняя страница |
64 |
Аффилиация |
Judge, William, Q., University of Tennessee |
Аффилиация |
Dobbins, Gregory, H., University of Tennessee |
Выпуск |
1 |
Библиографическая ссылка |
Alderfer, C.P. (1986). The invisible director on corporate boards. Harvard Business Review, 64(6): 38-52. |
Библиографическая ссылка |
Andrews, K. R. (1986). The concept of corporate strategy, 2nd ed.Homewood, IL: Irwin. |
Библиографическая ссылка |
Aram, J. D. & Cowen, S. S. (1983). Information for corporate directors: The role of the board in the management process. New York: National Association of Accountants Press. |
Библиографическая ссылка |
Bacon, J. & Brown, J.J. (1973). Corporate directorship practices: Role, selection, and legal status of the board. New York: Conference Board. |
Библиографическая ссылка |
Bass, B. M. (1990). Bass and Stogdill's Handbook of leadership: theory, research and managerial applications. New York: The Free Press, |
Библиографическая ссылка |
Baysinger, B. D. & Hoskisson, R. E. (1990). The composition of boards of directors and strategic control: Effects of coporate strategy. Academy of Management Review, 15: 72-81. |
Библиографическая ссылка |
Baysinger, B. D., Kosnik, R. D. & Turk, T. A. (1991). Effects of board and ownership structure on corporate R&D strategy. Academy of Management Journal, 341205-214. |
Библиографическая ссылка |
Bazerman, M. & Schoorman, F. D. (1983). A limited rationality model of interlocking directorates. Academy of Management Review, 8: 206-217. |
Библиографическая ссылка |
Berg, S. V. & Smith, S. K.1978. CEO and board chairman: A quantitative study of dual versus unitary board leadership. Directors & Boards, (Spring): 34-39. |
Библиографическая ссылка |
Bernardin, H. J. & Beatty, R. W. (1984). Performance appraisal: Assessing human behavior atwork. Belmont, CA: Wadsworth. |
Библиографическая ссылка |
Boulton, W. R. (1978). The evolving board: A look at the board’s changing roles and information needs. Academy of Management Review, 3: 827-836. |
Библиографическая ссылка |
Bowman, E. H. (1982). A risk/return paradox for strategic management. Sloan Management Review, 21(3): 17-31. |
Библиографическая ссылка |
Campbell, K. E. (1982). Agency response lo critical fiscal decline. Unpublished dissertation at the University of Wisconsin-Milwaukee. |
Библиографическая ссылка |
Chaganti, R., Mahajan, V. & Sharma, S. (1983). Corporate board size, composition, and corporate failures in retailing industry. Journal of Management Studies, 22(4): 400-417. |
Библиографическая ссылка |
Chait, R. P. & Taylor, B. E. (1989). Charting the terrotory of nonprofit boards. Harvard Business Review, 89(1): 44-54. |
Библиографическая ссылка |
Cronbach, L. G. (1955). Processes affecting scores on “understanding of others” and their assumed “similarity”. Psychological Buherin, 52: 117-193. |
Библиографическая ссылка |
Cochran, P., Wood, R. & Jones, T. (1985). The composition of boards of directors and the incidence of golden parachutes. Academy of Management Journal, 26: 736-742. |
Библиографическая ссылка |
Cohen, J. & Cohen, P. (1983). Applied multiple regression/correlation analysis for the behavioral sciences, 2nd ed.Hillsdale, NJ: Erlbaum. |
Библиографическая ссылка |
Dobrzynski, J. (1991). Chairman and CEO: One hat too many. Business Week, November 18: 124. |
Библиографическая ссылка |
Drucker, P. H. (1989). What business can learn from nonprofits. Harvard Business Review, (July/August): 88-93. |
Библиографическая ссылка |
Eisenhardt, K. M. & Bourgeois, L. J. (1988). Politics of strategic decision making in high-velocity environments: Toward a middle-range theory. Academy of Management Journal, 31: 737-770. |
Библиографическая ссылка |
Eisenhardt, K. M. (1989). Building theories from case study research, Academy of Management Review, 14: 532-550. |
Библиографическая ссылка |
Evans, M. (1985). A monte carlo study of the effects of correlated method variance in moderated multiple regression analysis. Organizational Behavior and Human Decision Processes, 36: 305-323. |
Библиографическая ссылка |
Fama, E. & Jensen, M. (1983). Separation of ownership and control. Journal of Law and Economics, 26: 301-325. |
Библиографическая ссылка |
Finkelstein, S. (1988). Managerial orientations and organizational outcomes: The moderating roles of managerial discretion and power. Unpublished dissertation, Columbia University. |
Библиографическая ссылка |
Fredrickson, J. & Iaquinto, A. (1989). Inertia and creeping rationality in strategic decision processes. Academy of Management Journal, 32: 516-542. |
Библиографическая ссылка |
Fredrickson, J. W., Hambrick, D. C. & Baumrin, S. (1988). A model of CEO dismissal. Academy of Management Review, 13: 255-270. |
Библиографическая ссылка |
Freund, R. J. & Littrel, R. C. (1991). SAS system for regression. Gary, NC: SAS Institute. |
Библиографическая ссылка |
Geneen, H. (1984). Why directors can’t protect the shareholders. Fortune, September 17: 28-32. |
Библиографическая ссылка |
Goodstein, J. & Boeker, W. (1991). Turbulence at the top: A new perspective of governance structure changes and strategic change. Academy of Management Journal, 34: 306-330. |
Библиографическая ссылка |
Hambrick, D. (1981). Strategic awareness within top management teams. Strategic Management Journal, 2: 263-279. |
Библиографическая ссылка |
Hambrick, D. & Mason, P. (1984). Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9: 193-206. |
Библиографическая ссылка |
Hambrick, D. C. & Fukutomi, G. D (1991). The seasons of a CEO’s tenure. Academy of Management Review, 16: 719-742. |
Библиографическая ссылка |
Harrigan, K. R. (1983). Research methodologies for contingency approaches to business strategy. Academy of Management Review, 8: 398-405. |
Библиографическая ссылка |
Harrison, J. R. (1987). The strategic use of corporate board committees. California Management Review, 30(l): 109-125. |
Библиографическая ссылка |
Hays, W. L. (1988). Statistics, 4th ed.Fort Worth, TX: Holt, Rinehart, & Winston. |
Библиографическая ссылка |
Heidrick & Struggles. (1987). The changing board. Chicago, IL. |
Библиографическая ссылка |
Heidrick & Struggles (1990). The changing board. Chicago, IL. |
Библиографическая ссылка |
Herman, E. S. (1981). Corporate control, corporate power. Cambridge, MA: Cambridge University Press. |
Библиографическая ссылка |
Hill, C. W. & Phan, P. (1991). CEO tenure as a determinant of CEO pay. Academy of Management Journal, 34: 707-717. |
Библиографическая ссылка |
Hill, C. & Snell, S. (1988). External control, corporate strategy, and firm performance in research-intensive industries. Strategic Management Journal, 9: 577-590. |
Библиографическая ссылка |
Jago, A. G. & Vroom, V. H. (1977). Hierarchical level and leadership style. Organizational Behavior and Human Performance, 18: 131-145. |
Библиографическая ссылка |
Jemison, D. B. (1987). Risk and the relationship among strategy, organizational processes, and performance. Management Science, 33: 1087-1101. |
Библиографическая ссылка |
Judge, W. Q. & Zeithaml, C. (1992). Institutional and strategic choice perspectives on board involvement in the strategic decision process. Academy of Management Journal, 35: 766-794. |
Библиографическая ссылка |
Kerr, J. & Bettis, R. A. (1987). Boards of directors, top management compensation, and shareholder returns. Academy of Management Journal, 30: 645-664. |
Библиографическая ссылка |
Kesner, I, Victor, B. & Lamont, B. (1986). Board composition and the commission of illegal acts: An investigation of Fortune 500 companies. Academy of Management Journal, 9: 789-799. |
Библиографическая ссылка |
Kesner, I. F. & Johnson, R. B. (1990). An investigation of the relationship between board composition and shareholder suits. Strategic Management Journal, 11: 327-336. |
Библиографическая ссылка |
Kets de Vries, M. & Miller, D. (1984). Neurotic style and organizational pathology. Strategic Management Journal, 5: 35-55. |
Библиографическая ссылка |
Kosnik, R. D. (1987). Greenmail: A study of board performance in corporate governance. Administrative Science Quarterly, 32: 163-185. |
Библиографическая ссылка |
Kosnik, R. D. (1990). Effects of board demography and director’s incentives on corporate greenmail decisions. Academy of Management Journal, 33: 129-150. |
Библиографическая ссылка |
Lorsch, J. W. (1989). Pawns or potentarts: The reality of america's corporare boards. Boston: Harvard Business School Press. |
Библиографическая ссылка |
Lynch, J. (1979). Activating the board of directors: A study of the process of increasing board effectiveness. Unpublished dissertation at Harvard University. |
Библиографическая ссылка |
Mace, M. L. (1971). Directors: Myth and reality. Boston: Harvard Business School Press. |
Библиографическая ссылка |
Mace, M. L., (1977). The board and the new CEO. Harvard Business Review, 55(2): 16-32. |
Библиографическая ссылка |
Mintzberg, H. (1983). Power in and around the organization. Englewood Cliffs, NJ: Prentice-Hall. |
Библиографическая ссылка |
Mizruchi, M. S. (1983). Who controls whom? An examination of the relation between management and boards of directors in large American corporations. Academy of Management Review, 8: 426-435. |
Библиографическая ссылка |
Myers, R. H. (1990). Classical and modern regression with applications. Boston, MA: PWS Kent. |
Библиографическая ссылка |
Neilsen, E. H. & Rao, M. V. H. (1987). The strategy-legitimacy nexus: A thick description. Academy of Management Review, 12: 523-533. |
Библиографическая ссылка |
Noel, A. (1989). Strategic cores and magnificent obsessions: Discovering strategy formation through daily activities of CEOs. Strategic Management Journal, 10: 33-49. |
Библиографическая ссылка |
Norburn, D. (1989). The chief executive: A breed apart. Strategic Management Journal, 10: 1-15. |
Библиографическая ссылка |
Nutt, P. C. (1990). Strategic decisions made by top executives and middle managers with data and process dominant styles. Journal of Management Studies, 27(2): 173-194. |
Библиографическая ссылка |
Pearce, J. A. (1983). The relationship of internal and external orientations to financial measures of strategic performance. Strategic Management Journal, 4: 297-306. |
Библиографическая ссылка |
Pearce, J. A. & Zahra, S. (1991). The relative power of CEOs and board of directors: Associations with corporate performance. Strategic Management Journal, 12: 135-153. |
Библиографическая ссылка |
Rechner, P. L. & Dalton, D. R. (1991). CEO duality and organizational performance: A longitudinal analysis. Strategic Management Journal, 12: 155-160. |
Библиографическая ссылка |
Reed, S. F. (1978). On the dynamics of group decision making in high places. Directors & Boards, 3: 40-56. |
Библиографическая ссылка |
Rosenstein, J. (1987). Why don’t U.S. boards get more involved in strategy?Long Range Planning, 20(3): 30-34. |
Библиографическая ссылка |
Rosenstein, J. (1988). The board and strategy: Venture capital and high technology. Journal of Business Venturing, 3: 159-170. |
Библиографическая ссылка |
Rothstein, H. R. (1990). Interrater reliability of job performance ratings: Growth to asymptote with increasing opportunity to observe. Journal of Applied Psychology, 75: 322-327. |
Библиографическая ссылка |
Rushing, W. (1974). Differences in profit and nonprofit organizations: a study of effectiveness and efficiency in general short-stay hospitals. Administrative Science Quarterly, 19: 474-484. |
Библиографическая ссылка |
Schellenger, M., Wood, D., & Tashakori, A. (1989). Board of directors composition, shareholder wealth and dividend policy. Journal of Management, 15: 457-467. |
Библиографическая ссылка |
Schwenk, C. R. (1984). Cognitive simplification processes in strategic decision-making. Strategic Management Journal, 5: 111-128. |
Библиографическая ссылка |
Schwenk, C. R. (1990). Conflict in organization decision making: An exploratory study of its effects in for-profit and not-for-profit organizations. Management Science, 36: 436-448. |
Библиографическая ссылка |
Sharfman, M. (1992). On the advisability of using CEOs as the sole informant in strategy research. Paper presented at the National Academy of Management Meetings, Las Vegas. |
Библиографическая ссылка |
Singh, H. & Harianto, F. (1989). Management-board relationships, takeover risk, and the adoption of golden parachutes. Academy of Management Journal, 32: 7-24. |
Библиографическая ссылка |
Spencer, A. (1983). On the edge of the organization: The role of the outside director. New York: Wiley. |
Библиографическая ссылка |
Stalnaker, A. (1986). The board of directors and the chief executive officer. St. Louis. MO: Center for the Study of American Business. |
Библиографическая ссылка |
Vroom, V. H. & Jago, A. G. (1988). The new leadership: Managing participation in organizations. Englewood Cliffs, NJ: Prentice Hall. |
Библиографическая ссылка |
Vroom, V. H. & Yetton, P. W. (1973). Leadership and decision-making. Pittsburgh, PA: University of Pittsburgh Press. |
Библиографическая ссылка |
Whisler, T. L. (1984). The rules of the game: Inside the corporare boardroom. Homewood, IL: Dow Jones-Irwin. |
Библиографическая ссылка |
Yukl, G. (1981). Leadership in organization. Englewood Cliffs, NJ: Prentice-Hall. |
Библиографическая ссылка |
Zahra, S. & Pearce, J. (1989). Boards of directors and corporate financial performance: A review and integrative model. Journal of Management, 15: 291-334. |