CEO DUALITY AND ORGANIZATIONAL PERFORMANCE - A LONGITUDINAL ANALYSIS

被引：528

作者：

RECHNER, PL ^{[1
]}

DALTON, DR ^{[1
]}

机构：

[1] INDIANA UNIV,GRAD SCH BUSINESS,BLOOMINGTON,IN 47401

来源：

STRATEGIC MANAGEMENT JOURNAL | 1991年 / 12卷 / 02期

关键词：

D O I：

10.1002/smj.4250120206

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

All public corporations must make a choice regarding board leadership structure. Advocates of more effective corporate governance argue for independent board leadership; yet many firms choose instead to allow the CEO to serve as board chairperson (CEO duality). This study examines the differential financial implications of these choices for 141 corporations over a 6‐year time period. Results indicate significant differences in performance between the two groups along a number of performance measures; more specifically, firms opting for independent leadership consistently outperformed those relying upon CEO duality. Copyright © 1991 John Wiley & Sons, Ltd.

引用

页码：155 / 160

页数：6

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