HOW MUCH DO CEOS REALLY MATTER? REAFFIRMING THAT THE CEO EFFECT IS MOSTLY DUE TO CHANCE
成果类型：
Editorial Material
署名作者：
Fitza, Markus A.
署名单位：
Texas A&M University System; Texas A&M University College Station; Mays Business School; Frankfurt School Finance & Management; University of Newcastle
刊物名称：
STRATEGIC MANAGEMENT JOURNAL
ISSN/ISSBN：
0143-2095
DOI：
10.1002/smj.2597
发表日期：
2017
页码：
802-811
关键词：
摘要：
How much of the variance in firm performance can be attributed to CEOs? This question has been the focus of a long debate in management research. In a recent study, I showed that a large portion of the performance differences that are often attributed to CEOs might in fact be due to chance. In a recent article, Quigley and Graffin argue that my conclusions can be avoided if more advanced methodological approaches are applied. Here I show that this is not the case, in fact if more realistic assumptions of how chance can affect firm performance are made, the effect of CEO leadership is almost indistinguishable fromthe effect of chance, independent of the estimation methodology. Copyright (C) 2016 John Wiley & Sons, Ltd.
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