| CEO过度自信、CEO权力与企业业绩波动性 |
| |
| 引用本文： | 钟熙,陈伟宏,宋铁波,朱子君. CEO过度自信、CEO权力与企业业绩波动性[J]. 系统管理学报, 2021, 30(2): 283-295. DOI: 10.3969/j.issn.1005-2542.2021.02.008 |
| |
| 作者姓名： | 钟熙 陈伟宏 宋铁波 朱子君 |
| |
| 作者单位： | 华南理工大学 工商管理学院，广州 510640 |
| |
| 基金项目： | 国家社会科学基金一般项目(2020BGL103)。 |
| |
| 摘 要： | 基于高层梯队理论,从CEO权力视角剖析CEO过度自信与企业横向和纵向业绩波动性之间的逻辑关系.以2009～2016年中国制造业企业为研究对象,发现:CEO过度自信显著提高企业的横向和纵向业绩波动性;CEO两职兼任、CEO所有权以及内部董事比例将增强CEO过度自信对企业横向和纵向业绩波动性的正向影响,CEO任期则削弱CE...
|
| 关 键 词： | CEO过度自信 CEO权力 横向业绩波动性 纵向业绩波动性 研发投入 |
CEO Overconfidence,CEO Power,and Corporate Performance Variability |
| |
| ZHONG Xil,CHEN Weihong,SONG Tiebo,ZHU Zijun. CEO Overconfidence,CEO Power,and Corporate Performance Variability[J]. Systems Engineering Theory·Methodology·Applications, 2021, 30(2): 283-295. DOI: 10.3969/j.issn.1005-2542.2021.02.008 |
| |
| Authors: | ZHONG Xil CHEN Weihong SONG Tiebo ZHU Zijun |
| |
| Affiliation: | School of Business Administration，South China University of Technology，Guangzhou 510640，China |
| |
| Abstract: | Based on the upper-echelons theory,the logical relationship between CEO overconfidence and corporate horizontal and vertical performance volatility was analyzed from the perspective of CEO power.An analysis of the empirical data of China’s manufacturing companies from 2009 to 2016 indicates that CEO overconfidence has a positive effect on corporate horizontal and vertical performance volatility.In addition,CEO duality,high CEO ownership,and the proportion of internal directors strengthen the positive effect of CEO overconfidence on corporate horizontal and vertical performance volatility,while CEO term weakens the positive impact of CEO overconfidence on vertical performance volatility.Furthermore,R&D expenditure plays a mediating role in the process of CEO overconfidence,affecting the volatility of corporate horizontal and vertical performance. |
| |
| Keywords: | CEO overconfidence CEO power horizontal performance variability vertical performance volatility R&D expenditure |
| 本文献已被 CNKI 维普 等数据库收录！ |
| 点击此处可从《系统管理学报》浏览原始摘要信息 |
|
点击此处可从《系统管理学报》下载全文 |
|
