Using meta‐analytic structural equation modeling to advance strategic management research: Guidelines and an empirical illustration via the strategic leadership‐performance relationship

Strategic Management Journal - Tập 37 Số 3 - Trang 477-497 - 2016
Donald D. Bergh1, Herman Aguinis2, Ciarán Heavey3, David J. Ketchen4, Brian Boyd5, Peiran Su6, Cubie Lau7, Harry Joo2
1Daniels College of Business, Department of Management, The University of Denver Denver Colorado U.S.A.
2Kelley School of Business, Department of Management and Entrepreneurship, Indiana University Bloomington Indiana U.S.A.
3Smurfit School of Business, Department of Management, University College Dublin Belfield Ireland
4Raymond J. Harbert College of Business, Department of Management, Auburn University; Auburn Alabama U.S.A.
5College of Business, Department of Management, City University of Hong Kong; Hong Kong, Hong Kong
6School of Business and Enterprise, University of the West of Scotland Paisley U.K.
7School of Business and Management, Department of Management, The Hong Kong University of Science and Technology; Hong Kong, Hong Kong

Tóm tắt

This paper demonstrates how meta‐analysis can be combined with structural equation modeling (MASEM) to address new questions in strategic management research. We review this integration, describe its implementation, and compare findings from bivariate meta‐analyses, a direct‐effect structural equations model, and two mediating frameworks using data on the strategic leadership and performance relationship. Results drawn from 208 articles that collectively included data on 495,638 observations demonstrate the new insights available from MASEM while also suggesting a revision to conventional thinking on strategic leadership. Whereas some theories posit that boards of directors influence firm performance through monitoring and disciplining the top management team, MASEM provides more support for the view that boards mediate the top management teams' decisions. Implications for applying MASEM in strategic management are offered. Copyright © 2014 John Wiley & Sons, Ltd.

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