Entrepreneurial orientation, CEO power and firm performance: An upper echelons theory perspective

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Küçük Resim

Tarih

2023

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Emerald Publishing

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Araştırma projeleri

Organizasyon Birimleri

Organizasyon Birimi
Yönetim Bilimleri Fakültesi, İşletme Bölümü
Küresel rekabete ayak uydurmak ve sürdürülebilir olmak isteyen tüm şirketler ve kurumlar, değişimi doğru bir şekilde yönetmek, teknolojinin gerekli kıldığı zihinsel ve operasyonel dönüşümü kurumlarına hızlı bir şekilde adapte etmek zorundadırlar.

Dergi sayısı

Özet

Purpose – Adopting insights from the upper echelons theory, this study aims to investigate the relationship between entrepreneurial orientation (EO) and firm performance under the contingent influence of chief executive officer (CEO) power. Design/methodology/approach – Data were collected from a sample of large publicly-traded Indian software firms using the Prowess Database of Center for Monitoring Indian Economy (CMIE). Panel data regression analysis was used to test the study’s hypotheses. Findings – The results indicate that EO has an inverted U-shaped relation with firm performance. Strong support is also found for a negative moderating influence of CEO power on the inverted U-shaped relationship between EO and firm financial performance, suggesting that powerful CEOs eventually harm entrepreneurial firms. Practical implications – The study encourages firms to have entrepreneurship orientation, but at a moderate level, to get the maximum benefit of EO. The study also explains to managers to what extent CEO power drives EO. Originality/value – The study contributes to the intersection of corporate entrepreneurship and upper echelons theory. The study shows that CEO power negatively affects the EO and firm’s performance relationship. This study holds important insights for managers of entrepreneurial firms, especially in international contexts and emerging markets.

Açıklama

Anahtar Kelimeler

Entrepreneurial Orientation, Firm Performance, Upper Echelons Theory, CEO Power, Emerging Markets, India

Kaynak

Management Decision

WoS Q Değeri

Q3

Scopus Q Değeri

Q1

Cilt

Sayı

Künye

Saiyed, A. A., Tatoğlu, E., Ali, S. ve Dutta, D. K. (2023). Entrepreneurial orientation, CEO power and firm performance: An upper echelons theory perspective. Management Decision. http://doi.org/10.1108/MD-05-2022-0641