The Ceo Effect
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The Ceo Effect
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Author : Lorenzo L. Sellers
language : en
Publisher: CreateSpace
Release Date : 2015-01-23
The Ceo Effect written by Lorenzo L. Sellers and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-23 with Self-Help categories.
Lorenzo Sellers has mentored and consulted more than 2,000 people from small business owners to corporate workers part-time while serving the United States Navy. As a keynote speaker and seminar leader, he addresses more than 50,000 people each year. He has guided people to break through the chains of mediocrity and embrace the power of positive change as they transformed from the "employee" mindset to the "owner" lifestyle. In this book, Lorenzo describes the power of the first year to building upon self using the information provided to him from successful CEO's all over the world. The first year is crucial to success and you just don't become successful within the "trial" year. What this book has is what you need to know and what you need to do the year prior to see massive results in the following year. The CEO Effect is a real momentum builder for anyone who would like to see more success within the workplace or business. This book will show you how to... - Build a network of by using the power of LinkedIn and other social media networks - Be one step ahead of your competitors in the workcenter, office, or marketplace - Incorporate habits that will propel your job, career, or business to the next level - Recognize opportunities within "problems" at work - Become the center of attention in within any organization - Build massive momentum for maximum results in any task - Raise your annual income without stepping on people to do it Become a self-made success story that will inspire others to do the same. It all starts with The CEO Effect.
The Ceo Effect
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Author : Daina Dzintra Mazutis
language : en
Publisher:
Release Date : 2011
The Ceo Effect written by Daina Dzintra Mazutis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Abstract: Corporate social responsibility (CSR) is a strategic issue. Yet, research in this area has primarily focused on establishing a link between CSR and financial performance, with significantly less attention given to the antecedents of CSR at the individual, firm or industry levels. Notably, despite popular anecdotal examples that link the personal values, beliefs or characteristics of business leaders to the socially responsible nature of their companies, very little is actually known empirically about the relationship between executive orientation and the corporate social strategy pursued by the firm. The empirical research study presented in this dissertation is designed to fill this important gap. First, I synthesize the vast literature in the general CSR domain into a new typology of corporate social strategy (CSS) that distinguishes a firm's approach to CSR along its breadth and depth dimensions. Then, using an upper echelon framework based in the strategic choice and strategic decision-making literatures, I examine the relationship between executive orientation and variances observed in firm responses to social and environmental issues over time. I argue specifically that an open executive orientation, as reflected in a CEO's worldview, and variables such as functional background, educational specialization and international experience affect the selective perception, interpretation and therefore choice of the breadth and depth of a firm's CSS. Furthermore, institutional theory is used to argue that the level of managerial discretion at the industry level as well as general industry norms will attenuate theses relationships. In so doing, I develop a longitudinal, multi-level, mixed determinant model of the relationship between executive orientation and CSS. Random coefficient modeling (RCM) is then used to test the CEO effect on CSS over time, by modeling the individual CSS growth trajectories of 349 firms from 1991-2009 using HLM6 software. With 19 years of data, over 1,000 CEOs and 6,334 firm-year observations, this thesis represents the first longitudinal study to explicitly model the rate of adoption of aggregate corporate social strategy (ACSS), breadth of corporate social strategy (BCSS) and depth of corporate social strategy (DCSS) over the last two decades. This analysis yielded three important results at the CEO, firm and industry levels. First, the CEO effect on CSS ranges between 3-14% and evidence supports that some aspects of an open executive orientation are indeed important determinants of initial levels and rates of adoption of CSS over time. The findings also reveal that the overall level of CSS has not grown substantively over the last two decades, with most firms in 2009 still engaging in a Derivative (shallow/narrow) CSS. Furthermore, unlike previous studies that confound negative and positive CSR, this dissertation demonstrates that industry membership is not an important determinant of the strategic choice of positive CSS, nor are institutional pressures moderating factors in the executive orientation - CSS relationship. This thesis thus makes significant theoretical and methodological contributions to research in the upper echelons, CSR and institutional theory domains, as well as has important implications for practice.
The Effect Of Ceo S General Ability On Company Performance
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Author : Leila Zbib
language : en
Publisher:
Release Date : 2019
The Effect Of Ceo S General Ability On Company Performance written by Leila Zbib and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
I show that Chief Executive Officers (CEOs) that have accumulated general managerial skills through lifetime work experience demonstrate enhanced performance in the takeover market, as measured by market reactions to the deal. These reactions are more pronounced when the CEO acquires small, but complex firms, suggesting target selection as an underlying mechanism. I find no evidence that the effect stems from the structure of the deal or the CEO's past M&A activity. I also find that the documented increase in innovative activity for firms with high general ability is heightened when the CEO makes acquisitions. In sum, the evidence suggests that the increased pay for generalist CEOs is partially justified by their performance in the takeover market. I also provide evidence that CEOs with broad experience in their background are more likely to utilize discretionary accruals than CEOs with focused experience. This appears to be a result of transitions to CEOs with high general ability and not simply a selection of these CEOs by firms that utilize discretionary accruals extensively. Two mechanisms appear to underlie this result. First, CEOs with general ability tend to manage earnings when more options are exercised. Second, CEOs with high general ability appear more willing to bear the risk inherent in the use of discretionary accruals given their enhanced tolerance for failure stemming from outside career options.
Ceo Effect
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Author : Isaac Maucotel
language : en
Publisher:
Release Date : 2014
Ceo Effect written by Isaac Maucotel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Chief executive officers categories.
Executive leadership theory has long focused on cognition, behavior, and other psychological characteristics that effect executive decisions. However, little research has addressed the influence of CEOs' cognitive style and educational background. This thesis examines the influence of cognitive complexity on CEO performance.
Powerful Ceos And Their Impact On Corporate Performance
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Author : Heitor Almeida
language : en
Publisher:
Release Date : 2012
Powerful Ceos And Their Impact On Corporate Performance written by Heitor Almeida and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Executives can only impact firm outcomes if they have influence over crucial decisions. Based on this idea we develop and test the hypothesis that firms whose CEOs have more decision-making power should experience more variability in performance. We construct proxies for the CEO's power to influence decisions and show that stock returns are significantly more variable for firms run by powerful CEOs. We find similar results using alternative measures of performance. These findings suggest that the interaction between executive characteristics and organizational variables may have important consequences for firm performance.
Powerful Ceos And Their Impact On Other Firms Corporate Performance
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Author : Frank Eymann
language : en
Publisher:
Release Date : 2012
Powerful Ceos And Their Impact On Other Firms Corporate Performance written by Frank Eymann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
In this paper, I try to assess the influence of a shift in CEO status in one firm on the company performance of another. I use awards of well-known magazines as proxies for such a shift. Based on regressions with proxies for company performance as dependent variables, I show that a shift in CEO status of an industrially close firm influences company performance negatively. I show this phenomenon to be a result of several effects. The CEO of the firm lowers R&D Expenses in order to pursue projects not aimed at increasing profits. Another unidentified effect causes SIC2- and SIC3 close awards to influence company performance negatively. The dimension of the influence depends strongly on the definition of industrial closeness. SIC3 close awards have a stronger influence than SIC2 close awards. The same regressions find no evidence that geographically close shifts in CEO status influence company performance at all.
The Effect Of Founder Ceo Overconfidence On Merger Premium
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Author : Christoph Meyer
language : en
Publisher: GRIN Verlag
Release Date : 2015-05-08
The Effect Of Founder Ceo Overconfidence On Merger Premium written by Christoph Meyer and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-08 with Business & Economics categories.
Master's Thesis from the year 2014 in the subject Business economics - Investment and Finance, grade: 1,0, Heriot-Watt University Edinburgh (Finance), course: Corporate Finance, language: English, abstract: Theoretical and empirical research has indicated that overconfidence affects merger decision-making and merger premium. However, founder-CEOs have not been subject of such a study, yet. This lack is particular surprising when considering the differences between founder and manager-CEOs as well as the media attention of founder-CEOs. The present dissertation aims to fill the research gap through investigating the effect of founder-CEO overconfidence on merger premium in the high-tech industry. Moreover, this dissertation aims to extend the literature by including target CEO overconfidence and studying the impact on merger premium when both, acquirer and target CEO are overconfident. By studying founder-CEOs this dissertation also aims to establish the effectiveness of founders as CEOs. The resource-based perspective argues that while founders help in the early years of the company, they become less effective as the firm evolves, since they lack the necessary management skills. Design/methodology/approach – Using ordinary least square (OLS) technique, this study investigates the effects of implemented factors in determining the merger premium paid in high-tech acquisitions. A sample consisting of 245 acquisitions in the high-tech industry of 124 CEOs during a 19-year period (1995 to 2013) has been observed. In order to test the founder-CEO effects, this dissertation develops a matched sample approach of 62 founder-CEOs and 62 manager-CEOs. This study shows a strong relationship between CEO overconfidence and acquisitions premium paid. The results suggest that the CEO overconfidence may provide an explanation for the well-rehearsed overpayment problem. An additional analysis indicates that the highest premium is paid when combined acquiring and tar-get firm CEO overconfidence exist. The dissertation also shows that founder-CEOs pay higher premia than manager-CEOs in the high-tech industry. It has been proven that founder-CEOs’ decisions are more independent from interventions of the board of directors and that founder-CEO overpayment is not dependent on the company’s size or relatedness of mergers. The findings are reliable as the results remain constant for applied robustness tests.
Dynamics In Executive Labor Markets
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Author : Alison Mackey
language : en
Publisher:
Release Date : 2006
Dynamics In Executive Labor Markets written by Alison Mackey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Chief executive officers categories.
Abstract: Previous empirical efforts to examine the link between CEOs and firm performance using variance decomposition suffer from methodological problems that systematically understate the relative impact of CEOs on firm performance compared to industry and firm effects. The percentage of the variance in firm performance explained by heterogeneity in CEOs is re-examined with methodological refinements addressing this prior literature. The re-estimated "CEO effect" on corporate-parent performance is found to be substantially more important than that of industry and firm effects, but only moderately more important than industry and firm effects on business-segment performance. Despite the importance of CEOs in influencing firm performance, much debate surrounds the observed heterogeneity in executive compensation practices across firms and industries. Two broad explanations of this heterogeneity are explored: differences between firms-"where you work" and differences between executives-"who you are". Results suggest that "where you work" is more important than "who you are" in determining executive compensation differentials. Why some firms would systematically pay above market wages while other firms would systemically pay below market wages is furthered explored. Both labor market "sorting" and rent-sharing are found to account for firm effects on wage differentials among executives.
The Executive Effect
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Author : Donald C. Hambrick
language : en
Publisher: JAI Press(NY)
Release Date : 1988
The Executive Effect written by Donald C. Hambrick and has been published by JAI Press(NY) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
The Effect Of Zombie Ceos On Firm Performance
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Author : Mirko Zuber
language : en
Publisher:
Release Date : 2020
The Effect Of Zombie Ceos On Firm Performance written by Mirko Zuber and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
This research paper analyzes the impact that lead-time length has on the performance of companies. In assessing the role of lead-time, the author conducted an empirical analysis of companies' long-term operating performance (ROA) as well as short-term market reaction (CAR). Additionally, the roles of turnover nature, company complexity, and company risk in moderating the effect of lead-time were investigated. The results from analyzing 787 companies within the S&P 1500 index show that lead-time length positively influences a company's long-term operating performance as well as short-term market reaction. Firms that employ Zombie CEOs (i.e., lead-time ≥ 30 days) on average have a higher ROA one year after the departure announcement as well as after the incumbent CEO's effective departure date. Also, at the point of the incumbent CEO's departure date, firms of Zombie CEOs experience a weaker adverse short-term market shock. Furthermore, the lead-time effect is negatively moderated by the nature of turnover, specifically by lowering the positive effect of lead-time in case of forced turnovers. Company complexity, on the other hand, negatively moderates the relationship only for long-term operating performance but not for short-term market reactions. Lastly, no evidence was found of company risk substantially influencing the effect that lead-time has on corporate performance.