The more, the better: The influence of overconfident CEOs on their firms’ digital orientation

IF 10.5 1区管理学 Q1 BUSINESS Journal of Business Research Pub Date : 2024-07-18 DOI:10.1016/j.jbusres.2024.114809

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Abstract

Adopting a digital orientation (DO) is an essential organizing theme for firms seeking to lay the basis for a digital transformation by defining how to nurture digitalization strategies. Existing literature reveals that CEOs determine resource allocations for digital investments, with few insights into how CEO characteristics influence DO. We address this gap and propose that CEO overconfidence positively relates to a firm’s DO, particularly in industries with low market turbulence and technological dynamism. This study adds to the literature at the intersection of strategic management and information systems by investigating CEO overconfidence as an antecedent of DO and by showing the positive outcomes resulting from the cognitive bias of overconfidence. Our results indicate that environments with low market turbulence and low technological dynamism strengthen the relation between CEO overconfidence and DO. We contribute to the upper echelons perspective by extending the so-far ambiguous findings on the influence of dynamic environments.

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越多越好：过于自信的首席执行官对企业数字化方向的影响

对于希望通过确定如何培育数字化战略为数字化转型奠定基础的企业来说，采用数字化导向（DO）是一个必不可少的组织主题。现有文献显示，首席执行官决定着数字化投资的资源分配，但对于首席执行官的特征如何影响数字化导向却鲜有深入研究。我们针对这一空白，提出首席执行官的过度自信与企业的数字化投资呈正相关，尤其是在市场动荡小、技术活力强的行业。本研究通过将首席执行官过度自信作为 DO 的前因进行调查，并展示过度自信的认知偏差所产生的积极结果，为战略管理和信息系统交叉领域的文献增添了新的内容。我们的研究结果表明，市场动荡程度低和技术活力低的环境会加强首席执行官过度自信与经营业绩之间的关系。我们扩展了迄今为止关于动态环境影响的模棱两可的研究结果，从而为高层视角做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.