CEO-COB prestige distance and change in diversification: Exploring a curvilinear relationship

IF 9.1 1区管理学 Q1 MANAGEMENT Leadership Quarterly Pub Date : 2022-06-01 DOI:10.1016/j.leaqua.2021.101544

Ashley Salaiz, Klavdia Markelova Evans, Carla D. Jones, Seemantini Pathak

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Abstract

This study investigates how the prestige distance between a new chief executive officer (CEO) and the chairperson of the board (COB) can influence changes in the firm’s level of diversification. We draw on social comparison theory and activity theory to argue that the prestige distance between a CEO and COB alters the interaction and communication between the two leaders, and accordingly influences the firm’s ability to change its diversification posture. We test our hypotheses on a dataset of 135 firms and find that the prestige distance in CEO-COB dyads has a U-shaped relationship with the change in the firm’s level of diversification. Our results reveal that low CEO-COB prestige distance, and to a lesser extent high CEO-COB prestige distance, creates conditions for greater changes in the firm’s level of diversification. Further, we find that this U-shaped relationship is more pronounced when the CEO-COB dyad has greater age differences and flattens when the dyad shares age similarity.

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CEO-COB声望距离与多元化变化:探索曲线关系

本研究探讨新任首席执行官(CEO)与董事会主席(COB)之间的威望距离如何影响公司多元化水平的变化。运用社会比较理论和活动理论，认为CEO与COB之间的威望距离改变了两位领导者之间的互动和沟通，从而影响了企业改变其多元化姿态的能力。我们在135家公司的数据集上检验了我们的假设，发现CEO-COB组合中的声望距离与公司多元化水平的变化呈u型关系。研究结果表明，较低的CEO-COB威望距离和较低的CEO-COB威望距离为企业多元化水平的较大变化创造了条件。此外，我们发现这种u型关系在CEO-COB年龄差异较大时更为明显，在年龄相似时趋于平缓。

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来源期刊

Leadership Quarterly Multiple-

CiteScore

15.20

自引率

9.30%

发文量

期刊介绍： The Leadership Quarterly is a social-science journal dedicated to advancing our understanding of leadership as a phenomenon, how to study it, as well as its practical implications. Leadership Quarterly seeks contributions from various disciplinary perspectives, including psychology broadly defined (i.e., industrial-organizational, social, evolutionary, biological, differential), management (i.e., organizational behavior, strategy, organizational theory), political science, sociology, economics (i.e., personnel, behavioral, labor), anthropology, history, and methodology.Equally desirable are contributions from multidisciplinary perspectives.

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