Managers' conservatism and corporate performance

Frederick D. Sturdivant, James L. Ginter and Alan G. Sawyer

Strategic Management Journal, 1985, vol. 6, issue 1, 17-38

Abstract: This article argues that conservatism as a personal value among senior managers significantly affects corporate performance. A scale to measure conservatism was developed and its measurement properties were tested on several hundred executives. Empirical results were consistent with the hypotheses that conservatism among senior management teams is negatively associated with the firm's social responsiveness as well as certain aspects of financial performance.

Date: 1985
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