Does the CEO matter? An empirical study of small Swedish firms operating in turbulent environments

Mats Westerberg, Jagdip Singh and Einar Häckner

Scandinavian Journal of Management, 1997, vol. 13, issue 3, 251-270

Abstract: This paper develops and tests a framework for understanding the performance of small firms operating in highly turbulent environments. Performance is conceptualized as being multidimensional, taking into account both financial and market performance. The purpose was to delineate the importance of CEO characteristics (self-efficacy, tolerance for ambiguity and need for cognition) in relation to some aspects of firm orientation (Market vs. Internal and Planning vs. Implementation). The results showed that CEO characteristics tended to have a considerable impact on firm performance and on firm orientation, while no significant relationship between firm orientation and firm performance was found.

Keywords: CEO; characteristics; firm; orientation; turbulent; environment; multidimensional; performance; small; firms (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (13)

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