Journal
STRATEGIC MANAGEMENT JOURNAL
Volume 30, Issue 6, Pages 647-658Publisher
WILEY
DOI: 10.1002/smj.763
Keywords
COO; top management team; information processing
Categories
Ask authors/readers for more resources
Critics of the CEO/COO duo have stressed that this arrangement burdens the firm with increased costs and decreases the CEO's effectiveness. This study adopts an upper echelon perspective to argue that the presence of a COO may also create TMT-level information-processing benefits that can improve firm performance in certain conditions. Data from a sample of 153 firms in five industries highlight a strong positive relationship between the presence of a COO and two established measures of firm performance: return on assets and market-to-books ratio. The data also suggest that those relationships are contingent on the broader characteristics of the TMT. Copyright (C) 2009 John Wiley & Sons, Ltd.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available