Managers' conservatism and corporate performance

This article argues that conservatism as a personal value among senior managers significantly affects corporate performance A scale to measure conservatism was developed and its measurement properties were tested on several hundred executives Empirical results were consistent with the hypotheses tha...

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Bibliographic Details
Published in:Strategic management journal 1985-01, Vol.6 (1), p.17-38
Main Authors: Sturdivant, Frederick D., Ginter, James L., Sawyer, Alan G.
Format: Article
Language:English
Subjects:
Business executives
Business structures
Conservatism
Corporate
Corporate strategies
Correlations
Discriminant analysis
Financial management
Impacts
Managers
Personal
Psychometrics
Questionnaires
Sales growth
Social responsibility
Strategic planning
Studies
Values
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Summary:This article argues that conservatism as a personal value among senior managers significantly affects corporate performance A scale to measure conservatism was developed and its measurement properties were tested on several hundred executives Empirical results were consistent with the hypotheses that conservatism among senior management teams is negatively associated with the firm's social responsiveness as well as certain aspects of financial performance.
ISSN:0143-2095
1097-0266
DOI:10.1002/smj.4250060103