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CEO duality leadership and corporate diversification behavior

Title
CEO duality leadership and corporate diversification behavior
Authors
Kim K.-H.Al-Shammari H.A.Kim B.Lee S.-H.
Ewha Authors
김봉진
SCOPUS Author ID
김봉진scopus
Issue Date
2009
Journal Title
Journal of Business Research
ISSN
0148-2963JCR Link
Citation
vol. 62, no. 11, pp. 1173 - 1180
Indexed
SSCI; SCOPUS WOS scopus
Abstract
This study examines an important, yet understudied relationship between CEO duality and corporate diversification. Results based on the data collected from Fortune 1000 U.S companies indicate that CEO duality is positively associated with corporate diversification into unrelated industries. Further analyses reveal that this relationship is moderated by a number of corporate governance mechanisms. We find that board equity ownership and institutional ownership concentration weaken the initially positive relationship between CEO duality and unrelated diversification while CEO tenure and board independence strengthen this relationship. © 2008 Elsevier Inc. All rights reserved.
DOI
10.1016/j.jbusres.2008.10.017
Appears in Collections:
경영대학 > 경영학전공 > Journal papers
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