When Do Founder CEOs Take More Risk than Professional CEOs? The Moderating Effects of Managerial Discretion

Published: Feb 19, 2016
Abstract
To gain a better understanding in how the individual characteristics of CEOs influence firm strategic choice, we explore the relationship between founder CEOs and firm-level strategic risk-taking. We argue that founder-CEO-managed firms will engage in greater risk-taking than professional-CEO-managed firms. Additionally, drawing on the managerial discretion literature, we argue that factors at the individual, organizational, and environmental...
Paper Details
Title
When Do Founder CEOs Take More Risk than Professional CEOs? The Moderating Effects of Managerial Discretion
Published Date
Feb 19, 2016
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