Corporate elites and corporate strategy: How demographic preferences and structural position shape the scope of the firm
成果类型：
Article
署名作者：
Jensen, M; Zajac, EJ
署名单位：
University of Michigan System; University of Michigan; Northwestern University
刊物名称：
STRATEGIC MANAGEMENT JOURNAL
ISSN/ISSBN：
0143-2095
DOI：
10.1002/smj.393
发表日期：
2004
页码：
507-524
关键词：
摘要：
This study combines elements of the upper echelons and agency perspectives to resolve some of the ambiguity surrounding how corporate elites affect corporate strategy. We propose and test the notion that while differences in individual characteristics of corporate elites may imply different preferences for particular corporate strategies such as diversification and acquisitions, these basic preferences, when situated in different agency contexts (e.g., CEO, outsider director, non-CEO top management team member), generate very different strategic outcomes. Our detailed empirical findings, based on extensive longitudinal governance and corporate strategy data from large U.S. corporations, also highlight the pitfalls of using aggregate units of analysis (e.g., board of directors or top management team) when studying the influence of corporate elites on corporate strategy. Copyright (C) 2004 John Wiley Sons, Ltd.
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