{"title":"CEO Power and Luck: Impact of Stock Markets on Building Powerful CEOs","authors":"Turk Al-Sabah","doi":"10.2139/ssrn.3675755","DOIUrl":"https://doi.org/10.2139/ssrn.3675755","url":null,"abstract":"The optimal view of managerial power theory suggests that corporate boards reward CEOs with power for good firm performance as the boards' assessment of their ability is higher. In evaluating the CEO's quality, economic theory predicts that boards filter out luck from performance. Luck represents exogenous shocks to performance, such as market-wide conditions, that are outside the CEO's control. Contrary to the prediction, we find that CEOs are rewarded with power for luck. In the baseline specification, a one standard deviation increase in firm performance due to luck leads to a 3% increase in CEO power relative to the median. This finding is mainly driven by firms with weaker governance in terms of board structure and institutional ownership. We also find some evidence suggesting that CEOs who manage weakly governed firms are rewarded with power for good luck, but are not punished equally for bad luck. These results may suggest, given the opportunity, CEOs strategically time their entrenchment following good firm and market performance.","PeriodicalId":330572,"journal":{"name":"ORG: Leadership & Power (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126535459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Leadership Styles on Employee Productivity in Nigerian Oil & Gas Industry a Case Study of Nigeria LNG Limited","authors":"Samuel Ajayi","doi":"10.2139/ssrn.3532749","DOIUrl":"https://doi.org/10.2139/ssrn.3532749","url":null,"abstract":"This study examines the impact of leadership styles on employee performance and productivity in the oil and gas industry in Nigeria. Specifically, it seeks to investigate and describe the different types of leadership styles practiced in the Nigerian gas industry and the extent to which these impact on employee performance and productivity. The styles of leadership employed in managing employees have an effect on the morale and productivity of workers. \u0000 \u0000This study obtained and analyzed the perspectives and opinions of Nigeria LNG employees on impact of Leadership styles on employee performance. To do this, Data were collected via a structured questionnaire from a randomly selected 450 (Four Hundred & Fifty) respondents who have worked more than 5 years in the company and regression analysis was conducted to analyze the data using SPSS 21. \u0000 \u0000The results of the correlation analysis showed that there is positive and significant relationship between autocratic leadership style and employee work quality (r=0.772; p<0.05)., Also, a positive and significant relationship exists between democratic leadership style and employee efficiency (r=.896; p<0.05)., Furthermore, a positive and significant relationship exists between Laissez-faire leadership style and employee effectiveness (r=.896; p<0.05). Lastly, a positive and significant relationship exists between Bureaucratic leadership style and employee motivation (r=0.772; p<0.05). \u0000 \u0000The results were found to be consistent with empirical findings of past studies in literature. \u0000It is therefore concluded that leadership style has a significant effect on employees’ productivity in Nigeria LNG Limited. \u0000 \u0000The study found that there is a correlation between management leadership styles and organizational commitment by employees. As such, leadership styles directly influence the extent to which employees commit to their employer organization. The study also found that management at NLNG Ltd. apply the democratic and transformational leadership styles. The findings raise important insights as to which leadership style(s) management need to demonstrate and how management can optimize their leadership styles to benefit their organization. Such an understanding should be applied to enhance job satisfaction and increase productivity. Based on the findings, directions for future research were proposed.","PeriodicalId":330572,"journal":{"name":"ORG: Leadership & Power (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128057146","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Theoretical Relationship of Government Organizational Structure, Leadership, and Financing in Terms of Fiscal Budgeting and Their Applications","authors":"Caroline E. Covell","doi":"10.2139/SSRN.2875421","DOIUrl":"https://doi.org/10.2139/SSRN.2875421","url":null,"abstract":"The corporatization of the government has resulted in the change of the government structure and leadership, and this change has a negative impact on the fiscal budgeting – from the sources of funds to expenditures, and the government financial management and accounting presentation. This change brings about the generalization and equalization of the government organizational structure, leadership, the fiscal budget, and financial presentation across sector, despite they are different in every aspect. However, the impact of the equalization or generalization of the government organizational structure and leadership has been an organizational and managerial dysfunctionality, leadership and democratic deficits, and a failing government worldwide. In terms of public finance, it causes the disappearance of sources of funds and an increase in government expenditures. The disappearing of sources of funds makes it difficult for the government to provide the goods and services to the citizens equally with high standard and quality and to meet the corporate government marketing message, a “professional government.” How can these conditions be remedied through the use theory in the application? Using the qualitative methodology, through a holistic perspective and phenomenological approach, this paper, first, discusses the theoretical relationship of government organizational structure, leadership and public finance, the causal effects of the change in the government and its negative impact, and the application of the theories to practice. Second, this paper discusses or proposes ways to remedy the negative impact of the change in the government by applying theory to practice and how the sources of funds can be recaptured to enable the government to survive as a legitimate institution to provide to its citizens what the market cannot provide. Chairman Mao once said, “Applying theory to practice is good for all works.” It raises the standard and quality of the goods and services, raises the quality and professionalism of the organization and its leadership, reduces social and economic exclusion, it is a good practice, produces more sustainable result, makes the tasks meaningful, and will result in a more democratic government.","PeriodicalId":330572,"journal":{"name":"ORG: Leadership & Power (Topic)","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130381615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Capitalism 2.0: Implications for Management 2.0","authors":"G. West","doi":"10.1108/MRR-04-2013-0081","DOIUrl":"https://doi.org/10.1108/MRR-04-2013-0081","url":null,"abstract":"Purpose – The purpose of this paper is to introduce a collection of articles representing the best papers and invited contributions from attendees at the 4th Annual Global Drucker Forum, an international conference focused on future challenges facing management. Design/methodology/approach – The recent financial crisis has presented twin challenges confronting the next generation of management: a transformation toward a new environment in which market-driven efficiency and the concern for a functioning society are better aligned, and the nature of management practice that successfully addresses this alignment. Dimensions of these challenges are discussed in five articles in this special issue. This summary of the articles and underlying themes is provided by a professor whose teaching and research focus on strategy and entrepreneurship in free markets. Findings – The articles in this issue discuss the need in organizations for adaptive flexibility, new ways of thinking, leadership behaviour at the individual and system level, and systems thinking to overcome short termism. Themes underlying these challenges include the challenges of managing in the present for the future, the need to create a learning organization, and the complexity of managing holistically. Research limitations/implications – The paper suggests themes that might benefit from future management research. Originality/value – This paper summarizes cutting-edge issues for management that were discussed at a recent international conference, and synthesizes six authors' research contributions that address dimensions of these issues.","PeriodicalId":330572,"journal":{"name":"ORG: Leadership & Power (Topic)","volume":"119 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131012445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do Leadership Styles Impact Organizational Performance in the UAE Context? A Study","authors":"Jacob Cherian, Vilas Gaikar, P. Raj P.","doi":"10.34218/ijmet.11.9.2020.003","DOIUrl":"https://doi.org/10.34218/ijmet.11.9.2020.003","url":null,"abstract":"This study was conducted to investigate the relationship between leadership styles and organizational performance. It also examined the impact of different leadership styles on the performance of an organization. This study focused on understanding the effect of Autocratic, Democratic, Laissez Faire, Transactional, and Transformational leadership styles on organizational performance in UAE-based organizations. The relevant data were collected with the aid of a structured questionnaire which was distributed to 150 respondents. Convenient sampling was used to select the respondents. Pearson correlation was used to examine the relationship between leadership styles and organizational performance. Regression analysis was performed to study the significance of the impact of the different leadership styles on organizational performance. The study showed that leadership styles have both positive and negative influences on the performance of an organization and that leadership styles alone were responsible for 25% of organizational performance. The study concluded that Democratic leadership and Transformational leadership had a positive and significant influence on organizational performance in UAE-based organizations.","PeriodicalId":330572,"journal":{"name":"ORG: Leadership & Power (Topic)","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128965001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}