The impact of entrepreneurial orientation on firm performance: The role of CEO position tenure and industry tenure

International Journal of Human Resource Management

Volumn 20, Issue 5, 2009, Pages 1078-1095

  Richard, Orlando C ^a   Wu, Ping ^b   Chadwick, Ken ^c  

^a UNIVERSITY OF TEXAS AT DALLAS   (United States)

^b UNIVERSITY OF TEXAS AT AUSTIN   (United States)

^c NICHOLLS STATE UNIVERSITY   (United States)

Author keywords

Entrepreneurial orientation; Industry tenure; Position tenure

Indexed keywords

EID: 68249126155     PISSN: 09585192     EISSN: 14664399     Source Type: Journal    
DOI: 10.1080/09585190902850281     Document Type: Article

References (98)

1. Aguilar, F.J. (1967), Scanning the Business Environment, New York: Macmillan.
2. Amit, R., and Schoemaker, P.J.H. (1993), 'Strategic Assets and Organizational Rent,' Strategic Management Journal, 14, 33-46.
3. Armstrong, J.S., and Overton, T.S. (1977), 'Estimating Nonresponse Bias in Mail Surveys,' Journal of Marketing Research, 14, 396-402.
4. Beal, R.M., and Yasai-Ardekani, M. (2000), 'Performance Implications of Aligning CEO Functional Experiences with Competitive Strategies,' Journal of Management, 26, 4, 733-762.
5. Bergh, D.D. (2001), 'Executive Retention and Acquisition Outcomes: A Test of Opposing Views on the Influence of Organizational Tenure,' Journal of Management, 27, 603-622.
6. Bertrand, M., and Schoar, A. (2003), 'Managing with Style: The Effect of Managers on Firm Policies,' Quarterly Journal of Economics, 118, 1169-1208.
7. Bower, G.H., and Ernest, R.H. (1981), Theories of Learning, Englewood Cliffs, NJ: Prentice-Hall.
8. Bower, G.H., and Hilgard, E.R. (1981), Theories of Learning, Englewood Cliffs, NJ: Prentice-Hall.
9. Brown, S.L., and Eisenhardt, K.M. (1998), Competing on the Edge, Boston, MA: Harvard Business School Press.
10. Cannella, A.A., and Hambrick, D.C. (1993), 'Effects of Executive Departures on the Performance of Acquired Firms,' Strategic Management Journal, Summer Special Issue, 14, 137-152.
11. Carpenter, M.A., and Fredrickson, J.W. (2001), 'Top Management Team, Global Strategic Posture, and the Moderating Role of Uncertainty,' Academy of Management Journal, 44, 3, 533-546.
12. Carpenter, M.A., Geletkanycz, M.A., and Sanders, W.G. (2004), 'Upper Echelons Research Revisited: Antecedents, Elements, and Consequences of Top Management Team Composition,' Journal of Management, 30, 6, 749-778.
13. Castanias, R.P., and Helfat, C.E. (1991), 'Managerial Resources and Rents,' Journal of Management, 17, 155-171.
14. Castanias, R.P., and Helfat, C.E. (2001), 'The Managerial Rents Model: Theory and Empirical Analysis,' Journal of Management, 27, 661-678.
15. Covin, J.G. (1991), 'Entrepreneurial Versus Conservative Firms: A Comparison of Strategies and Performance,' Journal of Management Studies, 28, 439-462.
16. Covin, J.G., and Slevin, D.P. (1988), 'The Influence of Organization Structure on the Utility of An Entrepreneurial Top Management Style,' Journal of Management Studies, 25, 217-234.
17. Covin, J.G., and Slevin, D.P. (1989), 'Strategic Management of Small Firms in Hostile and Benign Environments,' Strategic Management Journal, 10, 75-87.
18. Covin, J.G., and Slevin, D.P. (1991a), 'A Conceptual Model of Entrepreneurship as Firm Behavior,' Entrepreneurship Theory and Practice, Fall, 7-25.
19. Covin, J.G., and Slevin, D.P. (1991b), 'Entrepreneurial versus Conservative Firms: A Comparison of Strategies and Performance,' Journal of Management Studies, 28, 439-462.
20. Covin, J.G., Green, K.M., and Slevin, D.P. (2006), 'Strategic Process Effects on the Entrepreneurial Orientation-Sales Growth Rate Relationship,' Entrepreneurship Theory and Practice, January, 57-81.
21. Davis, R.C. (1951), The Fundamentals of Top Management, New York: Harper.
22. Delery, J., and Doty, D. (1996), 'Modes of Theorizing in Strategic Human Resource Management: Tests of Universalistic, Contingency, and Configurational Performance Predictions,' Academy of Management Journal, 39, 4, 802-835.
23. Dess, G., Newport, S., and Rasheed, A. (1993), 'Configuration Research in Strategic Management: Key Issues and Suggestions,' Journal of Management, 19, 4, 775-795.
24. Ellis, H.C. (1965), The Transfer of Learning, New York: MacMillan.
25. Fast, N.D. (1981), 'Pitfalls of Corporate Venturing,' Research Management, 24, 21-24.
26. Finkelstein, S., and Hambrick, D.C. (1990), 'Top-management-team Tenure and Organizational Outcomes: The Moderating Role of Managerial Discretion,' Administrative Science Quarterly, 35, 484-503.
27. Finkelstein, S., and Hambrick, D.C. (1996), Strategic Leadership: Top Executives and their Effects on Organizations, St. Paul's, MI: West Publishing.
28. Govindarajan, V. (1989), 'Implementing Competitive Strategies at the Business Unit Level: Implications of Matching Managers to Strategy,' Strategic Management Journal, 10, 251-269.
29. Haleblian, J., and Finkelstein, S. (1993), 'Top-management Team Size, CEO Dominance, and Firm Performance: The Moderating Roles of Environmental Turbulence and Discretion,' Academy of Management Journal, 36, 844-863.
30. Hambrick, D. (1981), 'Strategic Awareness within Top Management Teams,' Strategic Management Journal, 2, 263-279.
31. Hambrick, D., and Fukutomi, G. (1991), 'The Seasons of a CEO's Tenure,' Academy of Management Review, 16, 719-742.
32. Hambrick, D.C., Geletkantcz, M.A., and Fredrickson, J.W. (1993), 'Top Executive Commitment to the Status Quo: Some Tests of its Determinants,' Strategic Management Journal, 14, 6, 401-418.
33. Hambrick, D.C., and Mason, P.A. (1984), 'Upper Echelons: The Organization as a Reflection of its Top Managers,' Academy of Management Review, 9, 193-206.
34. Haspeslagh, P.C., and Jemison, D.B. (1991), Managing Acquisitions: Creating Value through Corporate Renewal, New York: Free Press.
35. Hayward, D., and Hambrick, D.C. (1997), 'Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris,' Administrative Science Quarterly, 42, 103-127.
36. Hopkins, W.E., and Hopkins, S.A. (1997), 'Strategic Planning-Financial Performance Relationships in Banks: A Causal Examination,' Strategic Management Journal, 18, 635-652.
37. Huber, G., and Power, D. (1985), 'Retrospective Reports on Strategic Level Managers: Guidelines for Increasing their Accuracy,' Strategic Management Journal, 6, 171-180.
38. Jackson, S. (1992), 'Consequences of Group Composition for the Interpersonal Dynamics of Strategic Issue Processing,' in Advances in Strategic Management, eds. P. Shrivastava, A. Huff and J. Dutton, Greenwich, CT: JAI Press, pp. 345-382.
39. Jennings, D.F., and Seaman, S.L. (1994), 'High and Low Levels of Organizational Adaptation: An Empirical Analysis of Strategy, Structure, and Performance,' Strategic Management Journal, 15, 459-475.
40. Katz, R. (1982), 'The Effects of Group Longevity on Project Communication and Performance,' Administrative Science Quarterly, 27, 81-104.
41. Knight, G.A. (1997), 'Cross-cultural Reliability and Validity of a Scale to Measure Firm Entrepreneurial Orientation,' Journal of Business Venturing, 12, 213-225.
42. Kor, Y.Y. (2003), 'Experience-based Top Management Team Competence and Sustained Growth,' Organization Science, 14, 6, 707-719.
43. Kor, Y.Y., and Mahoney, J.T. (2000), 'Penrose's Resource-based Approach: The Process and Product of Research Creativity,' Journal of Management Studies, 37, 1, 109-139.
44. Kreiser, P.M., Marino, L.D., and Weaver, K.M. (2002), 'Assessing the Psychometric Properties of the Entrepreneurial Orientation Scale: A Multi-country Analysis,' Entrepreneurship Theory and Practice, 26, 4, 71-95.
45. Lee, C., Lee, K., and Pennings, J.M. (2001), 'Internal Capabilities, External Networks and Performance: A Study on Technology-based Ventures,' Strategic Management Journal, 22, 615-640.
46. Lengnick-Hall, C.A. (1992), 'Innovation and Competitive Advantage: What We Know and What We Need to Learn,' Journal of Management, 18, 399-429.
47. Lindsay, P.H., and Norman, D.A. (1977), Human Information Processing Orlando, FL: Academic Press.
48. Lumpkin, G.T., and Dess, G.G. (1996), 'Clarifying the Entrepreneurial Orientation Construct and Linking it to Performance,' Academy of Management Review, 21, 135-172.
49. Lumpkin, G.T., and Dess, G.G. (2001), 'Linking Two Dimensions of Entrepreneurial Orientation to Firm Performance: The Moderating Role of Environment and Industry Life Cycle,' Journal of Business Venturing 16, 429-451.
50. Mahoney, J.T. (1995), 'The Management of Resources and the Resource of Management,' Journal of Business Research, 33, 91-101.
51. Mahoney, J.T., and Pandian, J.R. (1992), 'The Resource-based View within the Conversation of Strategic Management,' Strategic Management Journal, 13, 363-380.
52. Maidique, M.A., and Hayes, R.H. (1984), 'The Art of High-technology Management,' Sloan Management Review, 25, 17-31.
53. Maidique, M.A., and Zirger, B.J. (1985), 'The New Product Learning Cycle,' Research Policy, 14, 6, 299-313.
54. March, J.G., and Simon, H.A. (1958), Organizations, New York: Wiley.
55. March, J.G. (1991), 'Exploration and Exploitation in Organizational Learning,' Organization Science, 2, 71-87.
56. McGrath, R.G. (2001), 'Exploratory Learning, Innovative Capacity and Managerial Oversight,' Academy of Management Journal, 44, 118-131.
57. Meyer, A.D., Tsui, A.S., and Hinings, R. (1993), 'Configurational Approaches to Organizational Analysis,' Academy of Management Journal 36, 6, 1175-1195.
58. Miles, R.E., and Snow, C.C. (1978), Organization Strategy, Structure and Process, New York: McGraw Hill.
59. Miller, D. (1983), 'The Correlates of Entrepreneurship in Three Types of Firms,' Management Science, 29, 770-791.
60. Miller, D. (1991), 'Stale in the Saddle: CEO Tenure and the Match between Organization and Environment,' Management Science, 37, 34-52.
61. Miller, D. (1993), 'The Architecture of Simplicity,' Academy of Management Review, 18, 116-138.
62. Miller, D., and Friesen, P.H. (1982), 'Innovation in Conservative and Entrepreneurial Firms: Two Models of Strategic Momentum,' Strategic Management Journal, 3, 1-25.
63. Miller, D., and Friesen, P.H. (1984), Organizations: A Quantum View Englewood Cliffs, NJ: Prentice-Hall.
64. Miller, D., and Shamsie, J. (2001), 'Learning across the Life Cycle: Experimentation and Performance among the Hollywood Studio Heads,' Strategic Management Journal, 22, 725-745.
65. Murray, A.I. (1989), 'Top Management Group Heterogeneity and Firm Performance,' Strategic Management Journal, 10, 125-141.
66. Musteen, M., Barker III, V.L., and Baeten, V.L. (2006), 'CEO Attributes Associated with Attitude toward Change: The Direct and Moderating Effects of CEO Tenure,' Journal of Business Research, 59, 604-612.
67. Naman, J.L., and Slevin, D.P. (1993), 'Entrepreneurship and the Concept of Fit: A Model and Empirical Tests,' Strategic Management Journal 14, 137-153.
68. Ocasio, W. (1994), 'Political Dynamics and the Circulation of Power: CEO Succession in U.S. Industrial Corporations, 1960-1990,' Administrative Science Quarterly, 39, 285-312.
69. Peteraf, M. (1993), 'The Cornerstones of Competitive Advantage: A Resource-based View,' Strategic Management Journal, 14, 179-191.
70. Pfeffer, J. (1981), Power in Organizations, Marshfield, MA: Pitman.
71. Prescott, E.C., and Visscher, M. (1980), 'Organizational Capital,' Journal of Political Economy, 88, 446-461.
72. Richard, O.C., Barnett, T., Dwyer, S., and Chadwick, K. (2004), 'Cultural Diversity in Management, Firm Performance, and the Moderating Role of Entrepreneurial Orientation Dimensions,' Academy of Management Journal, 47, 255-266.
73. Roberts, E. (1991), Entrepreneurs in High Technology: Lessons from MIT and Beyond, New York: Oxford University Press.
74. Schefczyk, M., and Gerpott, T.J. (2001), 'Qualifications and Turnover of Managers and Venture Capital-financed Firm Performance: An Empirical Study of German Venture Capital-investments,' Journal of Business Venturing, 16, 145-163.
75. Schumpeter, J. (1934), The Theory of Economic Development, Cambridge, MA: Harvard University Press.
76. Shane, S. (2000), 'Prior Knowledge and the Discovery of Entrepreneurial Opportunities,' Organization Science, 11, 4, 448-469.
77. Shimizu, K., and Hitt, M.A. (2004), 'Strategic Flexibility: Organizational Preparedness to Reverse Ineffective Strategic Decisions,' Academy of Management Executive, 18, 4, 44-58.
78. Simon, H.A. (1957), Models of Man, New York: Wiley.
79. Slevin, D.P., and Covin, J.G. (1990), 'Juggling Entrepreneurial Style and Organizational Structure - How to Get Your Act Together,' Sloan Management Review, 31, 2, 43-53.
80. Snow, C., and Hrebeniak, L. (1980), 'Strategy, Distinctive Competence, and Organizational Performance,' Administrative Science Quarterly, 25, 317-336.
81. Stevenson, H.H., and Jarillo, J.C. (1990), 'A Paradigm of Entrepreneurship: Entrepreneurial Management,' Strategic Management Journal, 11, 17-27.
82. Strandholm, K., Kumar, K., and Subramanian, R. (2004), 'Examining the Interrelationships among Perceived Environmental Change, Strategic Response, Managerial Characteristics and Organizational Performance,' Journal of Business Research, 57, 58-68.
83. Thomas, A.S., Litschert, R.J., and Ramaswamy, K. (1991), 'The Performance Impact of Strategy-manager Coalignment: An Empirical Examination,' Strategic Management Journal, 12, 7, 509-522.
84. Thomas, A.S., and Ramaswamy, K. (1993), 'Environmental Change and Management Staffing: A Comment,' Journal of Management, 19, 4, 877-887.
85. Venkataraman, N. (1989), 'Strategic Orientation of Business Enterprises: The Construct, Dimensionality, and Measurement,' Management Science 35, 942-962.
86. Venkataraman, S. (1997), 'The Distinctive Domain of Entrepreneurship Research: An Editor's Perspective,' in Advances in Entrepreneurship, Firm Emergence, and Growth (Vol. 3), eds. J. Katz and R. Brockhaus, Greenwich, CT: JAI Press, pp. 119-138.
87. Walsh, J. (1995), 'Managerial and Organizational Cognition,' Organization Science, 6, 280-321.
88. Welbourne, T.M., and Andrews, A.O. (1996), 'Predicting the Performance of Initial Public Offerings: Should Human Resource Management be in the Equation?,' Academy of Management Journal, 39, 4, 891-919.
89. Wiersema, M.F., and Bantel, K.A. (1992), 'Top Management Team Demography and Corporate Strategic Change,' Academy of Management Journal, 35, 91-121.
90. Wiersema, M.F., and Bantel, K.A. (1993), 'Top Management Turnover as an Adaptation Mechanism: The Role of Environment,' Strategic Management Journal, 14, 484-504.
91. Wiklund, J. (1999), 'The Sustainability of the Entrepreneurial Orientation-Performance Relationship,' Entrepreneurship Theory and Practice, 24, 37-48.
92. Wiklund, J., and Shepherd, D. (2003), 'Knowledge-based Resources, Entrepreneurial Orientation and the Performance of Small and Medium-sized Businesses,' Strategic Management Journal, 24, 1307-1314.
93. Wiklund, J., and Shepherd, D. (2005), 'Entrepreneurial Orientation and Small Business Performance: A Configurational Approach,' Journal of Business Venturing, 20, 71-91.
94. Wu, S., Levitas, E., and Priem, R.L. (2005), 'CEO Tenure and Company Invention under Differing Levels of Technological Dynamism,' Academy of Management Journal, 48, 5, 859-873.
95. Zahra, S.A. (1991), 'Predictors and Financial Outcomes of Corporate Entrepreneurship: An Explorative Study,' Journal of Business Venturing, 6, 259-285.
96. Zahra, S.A. (1993), 'Environment, Corporate Entrepreneurship and Financial Performance: A Taxonomic Approach,' Journal of Business Venturing, 8, 319-340.
97. Zahra, S.A., and Colvin, J. (1995), 'Contextual Influence on the Corporate Entrepreneurship-Performance Relationship: A Longitudinal Analysis,' Journal of Business Venturing, 10, 43-58.
98. Zahra, S.A., Nielsen, A.P., and Bogner, W.C. (1999), 'Corporate Entrepreneurship, Knowledge, and Competence Development,' Entrepreneurship Theory and Practice, 23, 3, 169-189.