TY - JOUR
T1 - Sales order backlog and CEO power
AU - Bradley, Wray
AU - Johnson, Grace
AU - Sun, Li
N1 - Publisher Copyright:
Copyright © 2022 Inderscience Enterprises Ltd.
PY - 2022
Y1 - 2022
N2 - Research shows that CEO power can play an instrumental role in firm performance. We examine the link between CEO power and sales order backlog, a leading firm performance indicator. We find a significant positive relation between sales order backlog and CEO power, suggesting that firms with a higher level of sales order backlog have more-powerful CEOs. This is consistent with prior research that links CEO power to improved firm performance. We also find support for upper echelons theory by showing that this relationship is largely driven by firms with younger CEOs, firms with male CEOs, or firms with longer-tenured CEOs. Our study extends research on CEO power providing evidence of how CEO power relates to enhanced firm value. The study also extends accounting and capital markets research by informing the market of the link between the leading firm performance indicator of sales order backlog and CEO power.
AB - Research shows that CEO power can play an instrumental role in firm performance. We examine the link between CEO power and sales order backlog, a leading firm performance indicator. We find a significant positive relation between sales order backlog and CEO power, suggesting that firms with a higher level of sales order backlog have more-powerful CEOs. This is consistent with prior research that links CEO power to improved firm performance. We also find support for upper echelons theory by showing that this relationship is largely driven by firms with younger CEOs, firms with male CEOs, or firms with longer-tenured CEOs. Our study extends research on CEO power providing evidence of how CEO power relates to enhanced firm value. The study also extends accounting and capital markets research by informing the market of the link between the leading firm performance indicator of sales order backlog and CEO power.
KW - CEO characteristics
KW - CEO power
KW - chief executive officer power
KW - corporate governance firm performance
KW - sales order backlog
UR - https://www.scopus.com/pages/publications/85140900780
U2 - 10.1504/IJBSR.2022.125498
DO - 10.1504/IJBSR.2022.125498
M3 - Article
AN - SCOPUS:85140900780
SN - 1751-200X
VL - 16
SP - 805
EP - 829
JO - International Journal of Business and Systems Research
JF - International Journal of Business and Systems Research
IS - 5-6
ER -