Do CIOs Matter in the Face of Exogenous Shocks? An Examination Through Upper Echelon Theory

Joseph Taylor, Arvin Sahaym and Joseph Vithayathil
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Joseph Taylor: California State University Sacramento, Sacramento, CA, USA
Arvin Sahaym: ��Washington State University, Pullman, WA, USA
Joseph Vithayathil: ��Southern Illinois University, Edwardsville, IL, USA

International Journal of Innovation and Technology Management (IJITM), 2023, vol. 20, issue 02, 1-28

Abstract: Information Technology has taken a prominent role in firm investments, yet there is considerable variation in returns in technology-based expenditures. We posit that the technology leader such as the CIO or CTO is a valuable resource and plays a critical role when the position is endowed with power. Our analysis shows how a technology leader’s influential presence affects firm performance, particularly in the presence of an IT-related exogenous shock. Using cross-industry data, we find that firms with powerful technology leaders generate higher sales growth, and furthermore, in the presence of exogenous shocks, markets reward firms having powerful technology leaders.

Keywords: IT governance; CIO; firm performance; technology leader; IT value management; upper echelon theory; information technology (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S0219877023500050

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