TY - GEN
T1 - When Personality Backfires - CEO Personality and Dismissal-performance Sensitivity
AU - Firk, Sebastian
AU - Hennig, Jan C.
AU - Meyer, Hauke
AU - Wolff, Michael
N1 - Publisher Copyright:
© 2023, Academy of Management. All rights reserved.
PY - 2023
Y1 - 2023
N2 - In this study, we explore whether and how CEOs’ personality traits influence their dismissal-performance sensitivity. To do so we integrate attribution theory with literature on the well-established five-factor model of personality. We use a previously validated open-language tool and the Q&A section of quarterly earnings conference calls to measure the personality of over 3000 CEOs from the S&P 1500. We argue and find that the dismissal-performance sensitivity is stronger for CEOs with a high level of conscientiousness, neuroticism, and extraversion. In contrast, we do not find support for our arguments that the dismissal-performance sensitivity is weaker for CEOs with a high level of agreeableness and openness. We discuss the implications of our findings for research on the cognitive processes that precede CEO dismissal and the role of personality in strategic management.
AB - In this study, we explore whether and how CEOs’ personality traits influence their dismissal-performance sensitivity. To do so we integrate attribution theory with literature on the well-established five-factor model of personality. We use a previously validated open-language tool and the Q&A section of quarterly earnings conference calls to measure the personality of over 3000 CEOs from the S&P 1500. We argue and find that the dismissal-performance sensitivity is stronger for CEOs with a high level of conscientiousness, neuroticism, and extraversion. In contrast, we do not find support for our arguments that the dismissal-performance sensitivity is weaker for CEOs with a high level of agreeableness and openness. We discuss the implications of our findings for research on the cognitive processes that precede CEO dismissal and the role of personality in strategic management.
UR - http://www.scopus.com/inward/record.url?scp=85190439232&partnerID=8YFLogxK
U2 - 10.5465/AMPROC.2023.239bp
DO - 10.5465/AMPROC.2023.239bp
M3 - Conference contribution
AN - SCOPUS:85190439232
T3 - Academy of Management Annual Meeting Proceedings
BT - Academy of Management Annual Meeting Proceedings
PB - Academy of Management
T2 - 83rd Annual Meeting of the Academy of Management, AOM 2023
Y2 - 4 August 2023 through 8 August 2023
ER -