CEO burnout, managerial discretion, and firm performance: The role of CEO locus of control, structural power, and organizational factors

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 pe...

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Bibliographic Details
Main Authors: Örtqvist, D. (Author), Patel, P.C (Author), Sirén, C. (Author), Wincent, J. (Author)
Format: Article
Language:English
Published: Elsevier Ltd 2018
Subjects:
Online Access:View Fulltext in Publisher
LEADER 02319nam a2200385Ia 4500
001 10.1016-j.lrp.2018.05.002
008 220706s2018 CNT 000 0 und d
020 |a 00246301 (ISSN) 
245 1 0 |a CEO burnout, managerial discretion, and firm performance: The role of CEO locus of control, structural power, and organizational factors 
260 0 |b Elsevier Ltd  |c 2018 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1016/j.lrp.2018.05.002 
520 3 |a 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. © 2018 The Authors 
650 0 4 |a Chief executive officer 
650 0 4 |a corporate strategy 
650 0 4 |a economic structure 
650 0 4 |a Firm Performance 
650 0 4 |a firm size 
650 0 4 |a industrial performance 
650 0 4 |a management practice 
650 0 4 |a Managerial discretion 
650 0 4 |a Managers 
650 0 4 |a Organizational characteristics 
650 0 4 |a Organizational factors 
650 0 4 |a organizational framework 
650 0 4 |a Power control 
650 0 4 |a resource availability 
650 0 4 |a Resource availability 
650 0 4 |a Strategic leadership 
650 0 4 |a Sweden 
650 0 4 |a Upper echelons theories 
700 1 |a Örtqvist, D.  |e author 
700 1 |a Patel, P.C.  |e author 
700 1 |a Sirén, C.  |e author 
700 1 |a Wincent, J.  |e author 
773 |t Long Range Planning