CEO duality and firm performance: A contingency model

Strategic Management Journal - Tập 16 Số 4 - Trang 301-312 - 1995
Brian Boyd1
1College of Business and Public Administration, Old Dominion University, Norfolk, Virginia, U.S.A.

Tóm tắt

AbstractSeveral studies have addressed the CEO duality‐performance relationship, with inconsistent results. This paper proposes that these inconsistencies can be resolved by integrating agency and stewardship perspectives on duality. Using data from 192 firms in 12 industries, both the direction and magnitude of the duality‐performance relationship was found to vary systematically across Dess and Beard's (1984) environmental dimensions. These results provide partial support for both agency and stewardship perspectives.

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