CEO Regulatory Focus and Strategic Change: The Importance of Context

• DOI: 10.5465/ambpp.2020.14458abstract
• Publication Date: 2020-07-29T20:32:31Z
• Authors: Richard Scoresby; Ronda M. Smith; Imran Syed
• Keywords: Regulatory focus theory; Upper echelons

This research extends upper echelons theory by exploring the impact of CEO personality factors, specifically regulatory focus, within various contexts. Findings reveal that focus can influence firm strategic change, but only in consideration specific Firm performance prior to a new taking office, status, ongoing tenure, and institutional stock ownership all have moderating effect on relationship between change. We test our hypotheses using panel dataset 531 public firms. These results provide insight for CEOs, boards directors, other stakeholders who are impacted decision making.