CEO Attributes and Firm Performance: A Sequential Mediation Process Model
整合多种理论,提出一个序列中介过程模型,解释CEO特质如何通过情绪、认知、高管团队及组织过程的多层中介机制影响企业绩效,并考虑情境事件的调节作用。
Research on the impact of CEO attributes on firm performance is sporadic and fragmented, with various studies addressing select pieces of the puzzle. Through synthesizing and integrating diverse theoretical perspectives on the functioning of firm executives, this article advances a sequential mediation process model to link CEO attributes with firm performance. The model incorporates CEO emotion and cognition, along with top management team (TMT) and organizational processes as multilevel mediating mechanisms linking CEO attributes to firm performance outcomes. In addition, we draw from event system theory to highlight contextual events confronting firms and CEOs that alter the sequential mediation process resulting in stronger/weaker effects of CEOs on firm performance. Our research not only extends the literature by addressing what, how, and when CEO attributes impact firm performance in a more holistic fashion but also identifies meaningful theoretical and methodological opportunities for research advancement.