Abstract
Several studies have addressed the CEO duality‐performance relationship, with inconsistent results. This paper proposes that these inconsistencies can be resolved by integrating agency and stewardship perspectives on duality. Using data from 192 firms in 12 industries, both the direction and magnitude of the duality‐performance relationship was found to vary systematically across Dess and Beard's (1984) environmental dimensions. These results provide partial support for both agency and stewardship perspectives.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 301-312 |
| Number of pages | 12 |
| Journal | Strategic Management Journal |
| Volume | 16 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1995 |
| Externally published | Yes |
Keywords
- agency theory
- boards of directors
- chief executive officers
- strategy implementation
ASJC Scopus subject areas
- Business and International Management
- Strategy and Management