Firm performance feedback and organizational impression management: The moderating role of CEO overconfidence

IF 3.1 4区 管理学 Q2 MANAGEMENT
Hazel H. Dadanlar, Manisha M. Vaswani, Marwan Al-Shammari, Soumendra Nath Banerjee
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引用次数: 0

Abstract

We propose that while positive performance feedback is positively related to firm sentiment, negative performance feedback is negatively associated with the firm sentiment. Additionally, overconfident Chief Executive Officers (CEOs) will improve the positive relationship between positive performance feedback and firm sentiment and reduce the negative relationship between negative performance feedback and firm sentiment. Using 7,182 firm-year observations for the 2004−2017 period, we show that positive performance feedback positively affects firm sentiment, and negative performance feedback negatively influences firm sentiment. We also found that higher levels of CEO overconfidence will minimize the negative impact of negative performance feedback on firm sentiment. Our research extends the current discourse on organizational impression management (proxied by firm sentiment) and CEO overconfidence research as we provide a nuanced relationship between firm performance feedback and organizational impression management. Our findings have theoretical and practical implications for corporate governance leaders and shareholders.

公司业绩反馈与组织印象管理:首席执行官过度自信的调节作用
我们提出,积极的绩效反馈与公司情绪正相关,而消极的绩效反馈与公司情绪负相关。此外,过于自信的首席执行官(CEO)会改善积极绩效反馈与公司情绪之间的正相关关系,降低消极绩效反馈与公司情绪之间的负相关关系。通过对 2004-2017 年间 7182 个公司年度的观察,我们发现积极的绩效反馈会对公司情绪产生积极影响,而消极的绩效反馈则会对公司情绪产生消极影响。我们还发现,首席执行官的过度自信水平越高,负面绩效反馈对公司情绪的负面影响就越小。我们的研究扩展了当前关于组织印象管理(以企业情绪为指标)和首席执行官过度自信研究的讨论,因为我们提供了企业绩效反馈与组织印象管理之间的细微关系。我们的研究结果对公司治理领导者和股东具有理论和实践意义。
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来源期刊
CiteScore
6.60
自引率
9.10%
发文量
80
期刊介绍: The Journal of Management & Organization is an international peer-reviewed journal from eContent, in association with ANZAM. It provides global perspectives on management and organization of benefit to scholars, educators, students, practitioners, policy-makers and consultants worldwide. In one forum, Journal of Management & Organization covers: •Qualitative and quantitative empirical research articles •Theoretical and conceptual articles •Literature reviews - including those from theses •Articles on management education and learning •Practitioner perspectives and case studies •Methodological advances - including those from theses
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