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Article: Does Founder CEO Status Affect Firm Risk Taking?

TitleDoes Founder CEO Status Affect Firm Risk Taking?
Authors
Tang, YiLi, JiataoLiu, Yu
Keywordsoverconfidence
upper echelons theory
risk taking
Chinese firms
founder CEOs
Issue Date2016
Citation
Journal of Leadership and Organizational Studies, 2016, v. 23, n. 3, p. 322-334 How to Cite?
DOI: http://dx.doi.org/10.1177/1548051815623736
Abstract© The Authors 2015. Grounded in the strategic leadership literature and upper echelons theory, this study proposes that founder CEOs tend to take more risks than agent CEOs because of the former’s overconfidence. We further suggest that the relationship between founder CEO status and firm risk taking can be moderated by certain internal or external factors that influence just how overconfident a CEO might be. Our theoretical predictions are well supported by a large survey data set on Chinese CEOs. Specifically, the positive relationship between founder CEO status and firm risk taking weakens when the CEO is younger, when the CEO also chairs the board of directors, and when the CEO’s task environment is less uncertain, less complex, and more munificent.
Persistent Identifierhttp://hdl.handle.net/10722/273722
ISSN
1548-0518
2021 Impact Factor: 3.611
2020 SCImago Journal Rankings: 1.072
ISI Accession Number ID
WOS:000380173000008

 

DC FieldValueLanguage
dc.contributor.authorTang, Yi-
dc.contributor.authorLi, Jiatao-
dc.contributor.authorLiu, Yu-
dc.date.accessioned2019-08-12T09:56:28Z-
dc.date.available2019-08-12T09:56:28Z-
dc.date.issued2016-
dc.identifier.citationJournal of Leadership and Organizational Studies, 2016, v. 23, n. 3, p. 322-334-
dc.identifier.issn1548-0518-
dc.identifier.urihttp://hdl.handle.net/10722/273722-
dc.description.abstract© The Authors 2015. Grounded in the strategic leadership literature and upper echelons theory, this study proposes that founder CEOs tend to take more risks than agent CEOs because of the former’s overconfidence. We further suggest that the relationship between founder CEO status and firm risk taking can be moderated by certain internal or external factors that influence just how overconfident a CEO might be. Our theoretical predictions are well supported by a large survey data set on Chinese CEOs. Specifically, the positive relationship between founder CEO status and firm risk taking weakens when the CEO is younger, when the CEO also chairs the board of directors, and when the CEO’s task environment is less uncertain, less complex, and more munificent.-
dc.languageeng-
dc.relation.ispartofJournal of Leadership and Organizational Studies-
dc.subjectoverconfidence-
dc.subjectupper echelons theory-
dc.subjectrisk taking-
dc.subjectChinese firms-
dc.subjectfounder CEOs-
dc.titleDoes Founder CEO Status Affect Firm Risk Taking?-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1177/1548051815623736-
dc.identifier.scopuseid_2-s2.0-84977572936-
dc.identifier.volume23-
dc.identifier.issue3-
dc.identifier.spage322-
dc.identifier.epage334-
dc.identifier.eissn1939-7089-
dc.identifier.isiWOS:000380173000008-
dc.identifier.issnl1548-0518-

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