Demystifying the impact of CEO transformational leadership on firm performance: Interactive roles of exploratory innovation and environmental uncertainty
Demystifying the impact of CEO transformational leadership on firm performance: Interactive roles of exploratory innovation and environmental uncertainty
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揭秘首席执行官变革型领导力对公司绩效的影响：探索性创新与环境不确定性的互动作用
DOI：
10.1016/j.jbusres.2018.10.061
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发表时间：
2019-03-01
影响因子：
11.3
通讯作者：
Liu, Li
中科院分区：
文献类型：
--
作者：
Chen, Jian-Xun;Sharma, Piyush;Liu, Li
本文旨在通过运用上层梯队理论假设并实证证明CEO变革型领导（CTL）触发企业探索性创新，进而对企业绩效产生倒u型影响，从而调和关于CEO变革型领导对企业绩效影响的不一致研究结果。换句话说，CTL可能只会在适度的探索性创新水平上通过对企业稀缺资源的最优利用而提高企业绩效，而在较高的探索性创新水平上由于资源的次优利用而损害企业绩效。我们还发现，当高技术不确定性和低需求不确定性的偶然性相结合时，CTL对企业绩效的最不利影响发生。来自288家中国企业的多个来源的数据支持了我们的大多数假设，并为CTL影响企业绩效的复杂机制提供了见解，特别是在日益不确定的全球经济环境中。
This paper aims to reconcile the inconsistent findings about the effects of CEO transformational leadership (CTL) on firm performance by using upper echelon theory to hypothesize and empirically demonstrate that CTL triggers exploratory innovation in a firm, which in turn has an inverted U-shaped effect on firm performance. In other words, CTL may only lead to better firm performance at moderate levels of exploratory innovation through optimal utilization of a firm's scarce resources and may actually hurt firm performance at higher levels of exploratory innovation because of suboptimal resource utilization. We also show that CTL's most detrimental effect on firm performance occurs when the contingencies of high technology uncertainty and low demand uncertainty are combined. Data from multiple sources within 288 Chinese firms support most of our hypotheses and provide insights into the complex mechanism by which CTL affects firm performance, especially in an increasingly uncertain global economic environment.