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Complementarity in the CEO-CFO interface: The joint influence of CEO and CFO personality and structural power on firm financial leverage 首席执行官与首席财务官之间的互补性:首席执行官和首席财务官的个性与结构性权力对公司财务杠杆的共同影响
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-04-01 DOI: 10.1016/j.leaqua.2023.101711
Joseph S. Harrison , Shavin Malhotra

We integrate a person-role fit perspective with recent research on executive personality to explain how and when personality traits reflecting CEOs’ and CFOs’ potential complementary roles as the firm’s visionary leader (extraversion) and corporate conscience (conscientiousness) interact to influence financial leverage. Using a sample of more than 3000 CEO-CFO dyads of S&P 1500 firms from 1997 to 2017, we show that firms with more (less) extraverted CEOs tend to have higher (lower) levels of financial leverage, but that greater CFO conscientiousness buffers this relationship by encouraging more moderate levels of financial leverage at either level of CEO extraversion. We also find that this interaction is less pronounced when the CEO has greater structural power, but more pronounced when the CFO has greater structural power. Our theory and findings extend leadership research by enhancing our understanding of the roles of personality and power in collective leadership settings, and particularly, in encouraging outcomes that better reflect complementarity in the CEO-CFO interface.

我们将人-角色契合视角与近期对高管人格的研究相结合,解释了反映首席执行官和首席财务官作为公司远见卓识的领导者(外向性)和企业良知(自觉性)的潜在互补角色的人格特质如何以及何时相互作用,从而影响财务杠杆。我们使用 1997 年至 2017 年期间 S&P 1500 家公司的 3000 多个 CEO-CFO 二元组样本,结果表明,CEO 外向型较多(较少)的公司往往具有较高(较低)的财务杠杆水平,但 CFO 的自觉性较高可以缓冲这种关系,在任何 CEO 外向型水平下都会鼓励财务杠杆水平较为适中。我们还发现,当首席执行官拥有更大的结构性权力时,这种相互作用就不那么明显,而当首席财务官拥有更大的结构性权力时,这种相互作用就更加明显。我们的理论和研究结果拓展了领导力研究,加强了我们对集体领导环境中个性和权力作用的理解,尤其是鼓励在 CEO-CFO 接口中更好地反映互补性的结果。
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引用次数: 0
When the going gets tough: Board gender diversity in the wake of a major crisis 艰难时刻:重大危机后的董事会性别多样性
IF 9.1 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-03-23 DOI: 10.1016/j.leaqua.2024.101784
Shibashish Mukherjee , Sorin M.S. Krammer

Gender diversity on corporate boards continues to present a significant challenge, exacerbated by significant external disruptions such as financial crises or the recent COVID-19 pandemic. These exogenous shocks pressure organizations to reconcile diversity imperatives with more immediate concerns arising from the crises at hand. Employing elements from gender role and institutional theories, we argue that major exogenous shocks will negatively affect (i.e., reduce) gender diversity in corporate boards. Moreover, we propose that female CEOs and the strength of institutional mechanisms (i.e., quotas and corporate governance codes) will moderate (i.e., weaken) the negative effect of these shocks on board gender diversity. We examine these hypotheses in the context of the last global financial crisis (GFC), employing a panel of 10,181 unique firms across 21 countries between 2000 and 2015. We apply a two-way fixed effect difference-in-difference research design, complemented by an extensive battery of additional analyses to ensure robustness. Our results confirm a substantial decline in board gender diversity following the GFC. However, we do not find empirical support for female CEOs or institutional mechanisms in mitigating these diversity reductions. Following these findings, we propose several implications for research and policy.

企业董事会中的性别多样性仍然是一项重大挑战,而金融危机或最近的 COVID-19 大流行病等重大外部干扰则加剧了这一挑战。这些外来冲击给企业带来了压力,使其不得不协调多元化要求与当前危机所带来的更紧迫的问题。通过运用性别角色理论和制度理论的要素,我们认为重大的外生冲击将对公司董事会的性别多样性产生负面影响(即减少)。此外,我们还提出,女性首席执行官和制度机制(即配额和公司治理规范)的力量将缓和(即削弱)这些冲击对董事会性别多样性的负面影响。我们以上一次全球金融危机(GFC)为背景,采用 2000 年至 2015 年间 21 个国家 10,181 家公司的面板数据对上述假设进行了检验。我们采用了双向固定效应差分研究设计,并辅以大量附加分析以确保稳健性。我们的研究结果证实,在全球金融危机之后,董事会的性别多样性大幅下降。然而,我们并没有发现女性首席执行官或制度机制在缓解多样性下降方面的经验支持。根据这些发现,我们提出了一些研究和政策方面的启示。
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引用次数: 0
Ecology, culture and leadership: Theoretical integration and review 生态、文化和领导力:理论整合与回顾
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2023.101749
Sirio Lonati , Mark Van Vugt

Cultural and evolutionary explanations are often seen as rivals in the social sciences. It is therefore not surprising that these perspectives have also communicated little in leadership research so far. Yet, these two fields have many overlooked complementarities, which can be appreciated when examining the role of ecological factors in shaping variations in cultural leadership prototypes (CLPs) – that is, societally shared ideal attributes and behaviors that followers expect from their leaders. In this paper, we integrate and review multidisciplinary research that clarifies these complementarities. First, we discuss how different CLPs might emerge as responses to the specific threats and opportunities provided by the ecology where human groups live. Second, we review research on the link between CLPs, related cultural patterns, and specific ecological factors, ranging from more physical (e.g., climate, diseases) to more social factors (e.g., population density, warfare). Third, we highlight how CLPs might not only be evoked by current ecological conditions but are also culturally transmitted, resulting in potential mismatches between CLPs and present ecologies. Our review shows that a deeper integration of cultural and evolutionary approaches to leadership is needed to understand why variations in CLPs can emerge, and why they persist or change over time.

在社会科学领域,文化解释和进化解释经常被视为竞争对手。因此,这些观点迄今为止在领导力研究中也鲜有交流也就不足为奇了。然而,这两个领域却有许多被忽视的互补性,当我们研究生态因素在塑造文化领导力原型(CLPs)--即追随者期望其领导者具有的社会共享的理想特质和行为--的变化中所起的作用时,就会发现这一点。在本文中,我们整合并回顾了阐明这些互补性的多学科研究。首先,我们讨论了不同的中国领导力是如何应对人类群体所处生态环境提供的特定威胁和机遇的。其次,我们回顾了关于中国文化政策、相关文化模式和特定生态因素之间联系的研究,这些生态因素既包括物理因素(如气候、疾病),也包括社会因素(如人口密度、战争)。第三,我们强调了国家语言政策如何可能不仅被当前的生态条件所唤起,而且还通过文化传播,从而导致国家语言政策与当前生态之间的潜在不匹配。我们的综述表明,需要将领导力的文化和进化方法更深入地结合起来,才能理解为什么国家领导力会出现变异,以及为什么这些变异会随着时间的推移而持续或改变。
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引用次数: 0
Theory in leadership and management 领导与管理理论
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2023.101736
John Antonakis (Special issue coeditor) , Roberta Dessi (Special issue coeditor) , Thomas Fischer (Special issue coeditor) , Nicolai Foss (Special issue coeditor) , S. Alexander Haslam (Special issue coeditor) , Ola Kvaløy (Special issue coeditor) , Sirio Lonati (Special issue coeditor) , Michael Muthukrishna (Special issue coeditor) , Anja Schöttner (Special issue coeditor)
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引用次数: 0
The leader affect revolution reloaded: Toward an integrative framework and a robust science 领导者情感革命重装上阵:建立综合框架和健全科学
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2023.101756
Bo Shao

Along with the affective revolution in organizational behavior research, leadership research has also experienced an affective revolution, resulting in a field of research on the intersection of affect and leadership. Based on the results of a review of 162 articles published in eight top-tier management and leadership journals over three decades (1990–2022), I identify a range of topics on the intersection of leadership and affect, and organize them under an integrative cognitive-affective-behavioral-trait (CAB-T) thematic framework. Although the field appears to be flourishing, it may have built on a shaky foundation, because most of the published empirical studies are flawed by critical issues such as endogeneity and poor research design. For example, only 12 out of 127 empirical articles are possibly without endogeneity issues; 3 out of 32 experiments and 2 out of 11 qualitative studies are considered rigorous against specified criteria. Based on the identified limitations, I provide a future research agenda for a robust field of leader affect research.

伴随着组织行为学研究中的情感革命,领导力研究也经历了一场情感革命,从而形成了情感与领导力交叉研究领域。基于对三十年来(1990-2022 年)发表在八种顶级管理与领导力期刊上的 162 篇文章的综述结果,我确定了一系列有关领导力与情感交叉的主题,并将它们归纳到一个综合性的认知-情感-行为-特质(CAB-T)主题框架下。尽管该领域似乎正在蓬勃发展,但其基础可能并不稳固,因为大多数已发表的实证研究都存在内生性和研究设计不当等关键问题。例如,在 127 篇实证文章中,只有 12 篇可能不存在内生性问题;在 32 项实验和 11 项定性研究中,分别有 3 项和 2 项被认为符合特定标准。基于所发现的局限性,我提出了未来的研究议程,以建立一个强有力的领导者影响研究领域。
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引用次数: 0
Call for proposals: The Leadership Quarterly Yearly Review (LQYR) for 2026 征集提案:2026 年《领导力季刊》年刊(LQYR): 2026 年《领导力季刊》年刊(LQYR)
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2024.101772
Thomas Fischer (Yearly Review Editor)
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引用次数: 0
No access? No problem! Taking stock of unobtrusive measures for executives’ deep-level characteristics 没有访问权限?没问题!盘点针对高管深层次特征的非侵入性措施
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2023.101754
Samuel H. Matthews , Dawei (David) Wang , Thomas K. Kelemen

The deep-level characteristics (e.g., personality, ability, values) of leaders have previously been found to influence key outcomes for followers, organizations, and more. However, many widely used measures of these deep-level characteristics (e.g., self-reported Likert scales) cannot be implemented when studying high-ranking leaders due to a lack of direct access to those types of leaders. In light of this challenge, scholars have developed indirect, unobtrusive measures to capture these deep-level characteristics. In this review, we examine the four overarching approaches prior scholars have used to indirectly measure leaders’ deep-level characteristics—language, visual media, financials, and personal factors—and discuss the strengths and weaknesses of each approach. Based on the patterns found, we also suggest avenues for future research.

以前已经发现,领导者的深层次特征(如个性、能力、价值观)会影响追随者、组织等的关键结果。然而,由于缺乏对这些类型的领导者的直接接触,许多广泛使用的这些深层次特征的测量(例如,自我报告的李克特量表)在研究高层领导者时无法实施。鉴于这一挑战,学者们开发了间接的、不引人注目的方法来捕捉这些深层次的特征。在这篇综述中,我们研究了先前学者用来间接衡量领导者深层次特征的四种主要方法——语言、视觉媒体、财务和个人因素——并讨论了每种方法的优缺点。基于发现的模式,我们还提出了未来研究的途径。
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引用次数: 0
Network-based approaches to leadership: An organizing framework, review, and recommendations 基于网络的领导方法:组织框架、回顾和建议
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2023.101753
Cynthia K. Maupin , Gouri Mohan , Anwesha Choudhury , Pratibha Deepak , Fuhe Jin

In this review, we aim to critically evaluate the state of the leadership and networks literature and provide a detailed overview of the various network-based approaches that can be leveraged in leadership research to accomplish three main objectives. First, we introduce an organizing framework that classifies the array of network-based approaches used in addressing leadership questions into two broad categories: descriptive versus predictive network-based approaches. Second, we critically review the leadership literature to assess the degree to which network-based approaches have been employed in leadership investigations, the major topic areas in leadership that have been investigated via a social network lens, and the extent to which network-based approaches have impacted researchers’ abilities to address major empirical challenges in leadership research—namely, the incorporation of multilevel, multisource, contextual, temporal, processual, and causal perspectives of leadership. Finally, we demonstrate the unique capabilities of the network-based approaches by showing how an exemplar topic in leadership investigations—leadership emergence—may be explored from multiple perspectives through the different categories of network-based models. By promoting a better understanding of network-based methodologies and their utilization in leadership research, we pave way for new ways of thinking about and framing leadership research questions.

在这篇综述中,我们旨在批判性地评估领导力和网络文献的现状,并提供各种基于网络的方法的详细概述,这些方法可以在领导力研究中利用,以实现三个主要目标。首先,我们介绍了一个组织框架,该框架将用于解决领导力问题的基于网络的方法分为两大类:描述性与预测性基于网络的方法。其次,我们批判性地回顾了领导力文献,以评估基于网络的方法在领导力调查中的应用程度,通过社会网络镜头调查的领导力主要主题领域,以及基于网络的方法在多大程度上影响了研究人员应对领导力研究中主要实证挑战的能力,即多层次、多源、上下文、时间、过程、以及领导力的因果观点。最后,我们通过展示如何通过不同类别的基于网络的模型从多个角度探索领导力调查中的范例主题——领导力涌现——来展示基于网络的方法的独特功能。通过促进更好地理解基于网络的方法及其在领导力研究中的应用,我们为思考和构建领导力研究问题的新方法铺平了道路。
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引用次数: 0
The context deficit in leadership research 领导力研究中的语境缺失
IF 7.5 1区 管理学 Q1 MANAGEMENT Pub Date : 2024-02-01 DOI: 10.1016/j.leaqua.2023.101755
Gary Johns

Complementary evidence from narrative literature reviews and meta-analyses leads to the conclusion that much research suffers from a lack of attention to the context in which leadership occurs. Several possible reasons for this context deficit are refuted, including notions that context is unimportant for leaders, contextualized research is less scientific than decontextualized research, and useful contextual descriptors are lacking. Rather, it is argued that the context deficit is a negative manifestation of the romance of leadership. Advantages of enhanced attention to context include reduction of omitted variable bias, improved understanding of anomalous research results, differentiation and integration of research findings, and enhanced teaching and practice of leadership. Improved contextual appreciation can be facilitated by consulting contextual success stories, embracing an interdisciplinary perspective, focusing on events, behavior, and change, employing experience sampling, conducting more qualitative research, using a configural approach, studying how leaders construe and process contextual cues, adopting context-specific leadership measures, and improving writing, editing, and review practices concerning context.

来自叙述性文献综述和荟萃分析的补充证据得出的结论是,许多研究都缺乏对领导力发生的背景的关注。这种情境缺失的几个可能原因被反驳,包括情境对领导者不重要的观念,情境化研究不如非情境化研究科学,以及缺乏有用的情境描述符。相反,有人认为语境缺失是领导浪漫的消极表现。加强对背景的关注的好处包括减少遗漏的变量偏差,提高对异常研究结果的理解,区分和整合研究成果,以及加强领导的教学和实践。通过参考背景成功案例,采用跨学科视角,关注事件、行为和变化,采用经验抽样,进行更多定性研究,使用配置方法,研究领导者如何解释和处理背景线索,采用特定背景的领导措施,以及改进有关背景的写作、编辑和审查实践,可以促进对背景的更好理解。
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引用次数: 0
The Benchtop mesoSPIM: a next-generation open-source light-sheet microscope for large cleared samples. Benchtop mesoSPIM:新一代开源光片显微镜,适用于大型洁净样品。
1区 管理学 Q1 MANAGEMENT Pub Date : 2023-12-12 DOI: 10.1101/2023.06.16.545256
Nikita Vladimirov, Fabian F Voigt, Thomas Naert, Gabriela R Araujo, Ruiyao Cai, Anna Maria Reuss, Shan Zhao, Patricia Schmid, Sven Hildebrand, Martina Schaettin, Dominik Groos, José María Mateos, Philipp Bethge, Taiyo Yamamoto, Valentino Aerne, Alard Roebroeck, Ali Ertürk, Adriano Aguzzi, Urs Ziegler, Esther Stoeckli, Laura Baudis, Soeren S Lienkamp, Fritjof Helmchen

In 2015, we launched the mesoSPIM initiative (www.mesospim.org), an open-source project for making light-sheet microscopy of large cleared tissues more accessible. Meanwhile, the demand for imaging larger samples at higher speed and resolution has increased, requiring major improvements in the capabilities of light-sheet microscopy. Here, we introduce the next-generation mesoSPIM ("Benchtop") with significantly increased field of view, improved resolution, higher throughput, more affordable cost and simpler assembly compared to the original version. We developed a new method for testing objectives, enabling us to select detection objectives optimal for light-sheet imaging with large-sensor sCMOS cameras. The new mesoSPIM achieves high spatial resolution (1.5 μm laterally, 3.3 μm axially) across the entire field of view, a magnification up to 20x, and supports sample sizes ranging from sub-mm up to several centimetres, while being compatible with multiple clearing techniques. The new microscope serves a broad range of applications in neuroscience, developmental biology, and even physics.

2015 年,我们启动了 mesoSPIM 计划 ( www.mesospim.org ),这是一个开源项目,旨在使大型清除组织的光片显微技术更容易获得。与此同时,以更高的速度和分辨率对更大样本进行成像的需求也在增加,这就要求对光片显微镜的功能进行重大改进。在此,我们介绍了新一代 mesoSPIM("Benchtop"),与原始版本相比,它的视场明显增大,分辨率提高,通量增加,成本更低,组装更简单。我们开发了一种测试物镜的新方法,使我们能够选择最适合使用大传感器 sCMOS 相机进行光片成像的检测物镜。新型 mesoSPIM 实现了整个视场的高空间分辨率(横向 1.5 微米,轴向 3.3 微米),放大倍率高达 20 倍,支持的样品尺寸从亚毫米到几厘米不等,同时兼容多种清除技术。这种新型显微镜可广泛应用于神经科学、发育生物学甚至物理学领域。
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引用次数: 0
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Leadership Quarterly
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