Managers' conservatism and corporate performance
研究发现高层管理者的保守主义价值观会显著影响公司绩效，保守程度越高，企业的社会响应性和部分财务表现越差。
Abstract This article argues that conservatism as a personal value among senior managers significantly affects corporate performance. A scale to measure conservatism was developed and its measurement properties were tested on several hundred executives. Empirical results were consistent with the hypotheses that conservatism among senior management teams is negatively associated with the firm's social responsiveness as well as certain aspects of financial performance.