Linking CEO Entrepreneurial Orientation to Firm Performance: The Perspective of Middle Managers’ Cognition
基于198家中国企业的多层级数据，研究发现CEO创业导向通过影响中层管理者对组织前景的信心或工作焦虑来影响公司绩效，且这一过程受中层管理者创业自我效能感的调节。
The influence of chief executive officer (CEO) entrepreneurial orientation (EO) on firm performance and the underlying mediating mechanisms are worth studying because CEO EO may have a double-edged sword effect on firm performance. Drawing on the social information processing theory and social cognitive theory and using multilevel, multi-source data from 198 Chinese firms, this study found that CEO EO affects firm performance by triggering middle managers’ confidence in the organization’s prospects or workplace anxiety, moderated by middle managers’ entrepreneurial self-efficacy. It explicates the CEO EO–performance relationship and the vertical pervasiveness of EO in organizations.