|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||CEO entrepreneurial orientation, entrenchment, and firm value creation|
|Published in:||Entrepreneurship Theory and Practice|
|Publisher / Ed. Institution:||Sage|
|Subject (DDC):||658.4: Executive Management|
|Abstract:||We investigate how CEO entrepreneurial orientation affects firm value creation and how this relationship is moderated by three sources of CEO entrenchment. We conducted a longitudinal analysis of S&P 500 firms between 1999 and 2007, and, in line with our predictions, we found that CEO entrepreneurial orientation enhances firm value creation and that this positive effect is reduced when CEOs are entrenched (1) due to corporate governance provisions that protect them from the majority will of shareholders, (2) due to substantial ownership that provides them too much decision–making power, and (3) because their family has substantial holdings in the corporation.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||International Management Institute (IMI)|
|Appears in collections:||Publikationen School of Management and Law|
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Keil, T., Maula, M., & Syrigos, E. (2017). CEO entrepreneurial orientation, entrenchment, and firm value creation. Entrepreneurship Theory and Practice, 41(4), 475–504. https://doi.org/10.1111/etp.12213
Keil, T., Maula, M. and Syrigos, E. (2017) ‘CEO entrepreneurial orientation, entrenchment, and firm value creation’, Entrepreneurship Theory and Practice, 41(4), pp. 475–504. Available at: https://doi.org/10.1111/etp.12213.
T. Keil, M. Maula, and E. Syrigos, “CEO entrepreneurial orientation, entrenchment, and firm value creation,” Entrepreneurship Theory and Practice, vol. 41, no. 4, pp. 475–504, 2017, doi: 10.1111/etp.12213.
Keil, Thomas, et al. “CEO Entrepreneurial Orientation, Entrenchment, and Firm Value Creation.” Entrepreneurship Theory and Practice, vol. 41, no. 4, 2017, pp. 475–504, https://doi.org/10.1111/etp.12213.
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