CEO burnout, managerial discretion, and firm performance: The role of CEO locus of control, structural power, and organizational factors
Journal
Long Range Planning LRP
ISSN
0024-6301
Type
journal article
Date Issued
2018-04
Author(s)
Abstract
Despite the possibility of burnout resulting from dynamics in firms' upper echelons, little if any work has focused on chief executive officer's (CEO's) burnout and firm performance. Drawing on managerial discretion theory, this article analyzes the influence of CEO burnout on firm performance and the moderating roles of the individual (CEO locus of control), structural power (CEO duality and CEO tenure), and organizational characteristics (size, age, and resource availability) related to managerial discretion. Using a sample of 156 CEOs in Swedish firms, we find a negative association between CEOs who report higher burnout and firm performance. Our results confirm that CEO duality and resource availability ameliorate and firm size exacerbates the negative association between CEO burnout and firm performance. Contrary to our expectations, CEO locus of control, CEO tenure, and firm age do not influence this relationship. We discuss the implications of our research for upper echelons theory and strategic leadership theory.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Refereed
Yes
Publisher
Elsevier
Subject(s)
Eprints ID
254265
File(s)![Thumbnail Image]()
open.access
Name
Sirén et al (2018) CEO Burnout and firm performance.pdf
Size
520.5 KB
Format
Adobe PDF
Checksum (MD5)
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