CEO characteristics: a review of influential publications and a research agenda

Yun Shen

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Corporate Finance and Governance Human Resource and Talent Management Gender Diversity and Inequality

Abstract

Abstract This paper provides a systematic review of literature pertaining to CEO characteristics and firm performance. The CEO of a firm provides critical leadership, social capital, and legitimacy, and as such exerts significant influence on firm performance. By using a bibliographic mapping approach, we identify the fifty‐one most influential publications on CEO characteristics. This field has developed from a few Upper Echelon Theory publications into four distinct categories. We review each of these to identify the main contributions to this research area and to outline research gaps and future research trends.

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1983The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1996Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance 1979The External Control of Organizations: A Resource Dependence Perspective 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1997TOWARD A STEWARDSHIP THEORY OF MANAGEMENT 2007Upper Echelons Theory: An Update

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