Dummy Constructs? Binomial Categorical Variables as Representations of Constructs: CEO Duality Through Time

Organizational Research Methods

Volumn 16, Issue 1, 2013, Pages 100-126

  Gove, Steve ^a   Junkunc, Marc ^a  

^a PAMPLIN COLLEGE OF BUSINESS   (United States)

Author keywords

CEO duality; construct validation procedures; content validity; dummy variable; measurement design; reliability and validity; reliability of dichotomous variables; research design

Indexed keywords

EID: 84873666435     PISSN: 10944281     EISSN: 15527425     Source Type: Journal    
DOI: 10.1177/1094428112472000     Document Type: Article

References (68)

1. Alchian A. A.,Demsetz H.Production, information costs, and economic organization.The American Economic Review. 1972;62 (5): 777-795.
2. Ancona D.,Chong C. L.Entrainment: Pace, cycle, and rhythm in organizational behavior.Research in Organizational Behavior. 1996;18:251-284.
3. Anlin C.,Lanfeng K.,Meilan T.,Chinshun W.Building a corporate governance index from the perspectives of ownership and leadership for firms in Taiwan.Corporate Governance: An International Review. 2007;15 (2): 251-261.
4. Arundale R. B.Studying change over time: Criteria for sampling from continuous variables.Communication Research. 1980;7 (2): 227-263.
5. Baliga B. R.,Moyer R. C.,Rao R. S.CEO duality and firm performance: What's the fuss?.Strategic Management Journal. 1996;17 (1): 41-53.
6. Blalock H. M.Methodology in social research. Blalock J. H. M.Blalock A. B., ed. New York, NY: McGraw-Hill; 1968:5-27.
7. Bluedorn A. C.,Denhardt R. B.Time and organizations.Journal of Management. 1988;14 (2): 299-320.
8. Bourgeois L. J.,Eisenhardt K. M.Strategic decision process in high-velocity environments: Four cases in the microcomputer industry.Management Science. 1988;34 (7): 816-835.
9. Boyd B. K.CEO duality and firm performance: A contingency model.Strategic Management Journal. 1995;16 (4): 301-312.
10. Boyd B. K.,Gove S.,Hitt M. A.Consequences of measurement problems in strategic management research: The case of Amihud and Lev.Strategic Management Journal. 2005a;26 (4): 367-375.
11. Boyd B. K.,Gove S.,Hitt M. A.Construct measurement in strategic management research: Illusion or reality?.Strategic Management Journal. 2005b;26 (3): 239-257.
12. Boyd B. K.,Haynes K. T.,Zona F.Dimensions of CEO-board relations.Journal of Management Studies. 2011;48 (8): 1892-1923.
13. Chahine S.,Tohmé N. S.Is CEO duality always negative? An exploration of CEO duality and ownership structure in the Arab IPO context.Corporate Governance: An International Review. 2009;17 (2): 123-141.
14. Chen J. J.,Xuguang L.,Weian L.The effect of insider control and global benchmarks on Chinese executive compensation.Corporate Governance: An International Review. 2010;18 (2): 107-123.
15. Conyon M. J.,Peck S. I.Board control, remuneration committees, and top management compensation.Academy of Management Journal. 1998;41 (2): 146-157.
16. Dalton D. R.,Daily C. M.,Ellstrand A. E.,Johnson J. L.Meta-analytic reviews of board composition, leadership structure, and financial performance.Strategic Management Journal. 1998;19 (3): 269-290.
17. Dalton D. R.,Dalton C. M.Integration of micro and macro studies in governance research: CEO duality, board composition, and financial performance.Journal of Management. 2011;37 (2): 404-411.
18. Delgado-García J. B.,De Quevedo-Puente E.,De La Fuente-Sabaté J. M.The impact of ownership structure on corporate reputation: Evidence from Spain.Corporate Governance: An International Review. 2010;18 (6): 540-556.
19. Donaldson L.,Davis J. H.Stewardship theory or agency theory: CEO governance and shareholder returns.Australian Journal of Management. 1991;16 (1): 49-64.
20. Doty D. H.,Glick W. H.Typologies as a unique form of theory building: Toward improved understanding and modeling.Academy of Management Review. 1994;19 (2): 230-251.
21. Duriau V. J.,Reger R. K.,Pfarrer M. D.A content analysis of the content analysis literature in organization studies.Organizational Research Methods. 2007;10 (1): 5-34.
22. Edwards J. R.The fallacy of formative measurement.Organizational Research Methods. 2011;14 (2): 370-388.
23. Edwards J. R.,Bagozzi R. P.On the nature and direction of relationships between constructs and measures.Psychological Methods. 2000;5 (2): 155-174.
24. Eisenhardt K. M.Agency theory: An assessment and review.Academy of Management Review. 1989a;14 (1): 57-74.
25. Eisenhardt K. M.Making fast strategic decisions in high-velocity environments.Academy of Management Journal. 1989b;32 (3): 543-576.
26. Ellstrand A. E.,Tihanyi L.,Johnson J. L.Board structure and international political risk.Academy of Management Journal. 2002;45 (4): 769-777.
27. Elsayed K.Does CEO duality really affect corporate performance?.Corporate Governance: An International Review. 2007;15 (6): 1203-1214.
28. Fama E. F.Agency problems and the theory of the firm.Journal of Political Economy. 1980;88 (2): 288-307.
29. Fama E. F.,Jensen M. C.Separation of ownership and control.Journal of Law and Economics. 1983;26:301-325.
30. Finegold D.,Benson G. S.,Hecht D.Corporate boards and company performance: Review of research in light of recent reforms.Corporate Governance: An International Review. 2007;15 (5): 865-878.
31. Finkelstein S.,D'Aveni R. A.CEO duality as a double-edged sword: How boards of directors balance entrenchment avoidance and unity of command.Academy of Management Journal. 1994;37 (5): 1079-1108.
32. Finkelstein S.,Hambrick D. C.,Cannella A. A. J.Strategic leadership: Theory and research on executives, top management teams, and boards. New York, NY: Oxford; 2009:.
33. Fiss P. C.Building better casual theories: A fuzzy set approach to typologies in organizational research.Academy of Management Journal. 2011;54 (2): 393-420.
34. Gabarro J. J.The dynamics of taking charge. Boston, MA: Harvard Business School Press; 1987:.
35. García-Meca E.,Sánchez-Ballesta J. P.Corporate governance and earnings management: A meta-analysis.Corporate Governance: An International Review. 2009;17 (5): 594-610.
36. George J. M.,Jones G. R.The role of time in theory and theory building.Journal of Management. 2000;26 (4): 657-684.
37. Godfrey P.,Hill C.The problem of unobservables in strategic management research.Strategic Management Journal. 1995;16 (7): 519-534.
38. Grove H.,Patelli L.,Victoravich L. M.,Xu P.Corporate governance and performance in the wake of the financial crisis: Evidence from US commercial banks.Corporate Governance: An International Review. 2011;19 (5): 418-436.
39. Harris D.,Helfat C. E.CEO duality, succession, capabilities and agency theory: Commentary and research agenda.Strategic Management Journal. 1998;19 (9): 901-904.
40. Hitt M. A.,Boyd B. K.,Li D.Research methodology in strategy and management. Ketchen D. J.Bergh D. D., ed. Bingley, UK: Emerald; 2004:1-31.
41. Hitt M. A.,Gimeno J.,Hoskisson R. E.Current and future research methods in strategic management.Organizational Research Methods. 1998;1 (1): 6-44.
42. Iyengar R. J.,Zampelli E. M.Self-selection, endogeneity, and the relationship between CEO duality and firm performance.Strategic Management Journal. 2009;30 (10): 1092-1112.
43. Jensen M. C.,Meckling W. H.Theory of the firm: Managerial behavior, agency costs and ownership structure.Journal of Financial Economics. 1976;3:305-360.
44. Johnson J. L.,Daily C. M.,Ellstrand A. E.Board of directors: A review and research agenda.Journal of Management. 1996;22 (3): 409-438.
45. Kaymak T.,Bektas E.East meets west? Board characteristics in an emerging market: Evidence from Turkish banks.Corporate Governance: An International Review. 2008;16 (6): 550-561.
46. Ketchen D. J.,Boyd B. K.,Bergh D. D.Research methodology in strategic management: Past accomplishments and future challenges.Organizational Research Methods. 2008;11 (4): 643-658.
47. Lin C.-P.,Chuang C.-M.Principal-principal conflicts and IPO pricing in an emerging economy.Corporate Governance: An International Review. 2011;19 (6): 585-600.
48. MacKenzie S. B.The dangers of poor construct conceptualization.Journal of the Academy of Marketing Science. 2003;31 (3): 323-326.
49. MacMillan I. C.The emerging forum for business policy scholars.Strategic Management Journal. 1991;12 (2): 161-165.
50. Min-Hsien C.,Jia-Hui L.The relationship between corporate governance and firm productivity: Evidence from Taiwan's manufacturing firms.Corporate Governance: An International Review. 2007;15 (5): 768-779.
51. Mitchell T. R.,James L. R.Building better theory: Time and the specification of when things happen.Academy of Management Review. 2001;26 (4): 530-547.
52. Mosakowski E.,Earley P. C.A selective review of time assumptions in strategy research.Academy of Management Review. 2000;25 (4): 796-812.
53. O'Connor J. J. P.,Priem R. L.,Coombs J. E.,Gilley K. M.Do CEO stock options prevent or promote fraudulent financial reporting?.Academy of Management Journal. 2006;49 (3): 483-500.
54. Peng L.,Finn A.How far can you rely on a concept test?.International Journal of Market Research. 2010;52 (3): 363-382.
55. Pugliese A.,Bezemer P.-J.,Zattoni A.,Huse M.,Van den Bosch F. A. J.,Volberda H. W.Boards of directors' contribution to strategy: A literature review and research agenda.Corporate Governance: An International Review. 2009;17 (3): 292-306.
56. Rechner P. K.,Dalton D. R.CEO duality and organizational performance: A longitudinal analysis.Strategic Management Journal. 1991;12 (2): 155-160.
57. Ree M. J.,Carretta T. R.The role of measurement error in familiar statistics.Organizational Research Methods. 2006;9 (1): 99-112.
58. Rhoades D. L.,Rechner P. L.,Sundaramurthy C.A meta-analysis of board leadership structure and financial performance: Are "two heads better than one"?.Corporate Governance: An International Review. 2001;9 (4): 311-319.
59. Schutz A.The phenomenology of the social world. Evanston, IL: Northwestern University Press; 1967:.
60. Schwab D. P.Construct validity in organizational behavior.Research in Organizational Behavior. 1980;2:3-43.
61. Searle S. R.,Udell J. G.The use of regression on dummy variables in management research.Management Science. 1970;16 (6): B397-B409.
62. 2005 Spencer Stuart Board Index. New York, NY: Author; 2005, November:.
63. Spencer Stuart. (2010, November). 2010 Spencer Stuart Board Index, 25th Edition. Retrieved fromhttp://content.spencerstuart.com/sswebsite/pdf/lib/ssbi2010.pdf.
64. Suddaby R.Editors comments: Construct clarity in theories of management and organization.Academy of Management Review. 2010;35 (3): 346-357.
65. Tuggle C. S.,Sirmon D. G.,Reutzel C. R.,Bierman L.Commanding board of director attention: Investigating how organizational performance and CEO duality affect board members' attention to monitoring.Strategic Management Journal. 2010;31 (9): 946-968.
66. Yih-Wen S.,Lee C. I.Excess control rights and debt maturity structure in family-controlled firms.Corporate Governance: An International Review. 2009;17 (5): 611-628.
67. Zaheer S.,Albert S.,Zaheer A.Time scales and organizational theory.Academy of Management Review. 1999;24 (4): 725-741.
68. Zahra S. A.,Pearce J. A.Boards of directors and corporate financial performance: A review and integrative model.Journal of Management. 1989;15:291-334.