Individual Executive Characteristics: Explaining the Divergence between Perceptual and Financial Measures in Nonprofit Organizations

Using survey data collected from chief executives of nonprofit organizations and financial performance information, the current study examined the influence of the individual chief executive characteristics on their perception of organization performance. The study found that executives with interna...

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Bibliographic Details
Published in:Journal of business ethics 2004-09, Vol.53 (3), p.267-281
Main Authors: Ritchie, William J., Anthony, William P., Rubens, Arthur J.
Format: Article
Language:English
Subjects:
Accountability
Bias
Business ethics
Business studies
Chief executive officers
Cognition & reasoning
Collectivism
Corporate strategies
Correlation analysis
Decision making
Efficiency metrics
Executives
Finance
Financial management
Financial performance
Information economics
Locus of control
Management science
Non-profit organizations
Nonprofit organizations
Organizational change
Perceptions
Perceptual organization
Personality
Personality traits
Profits
Strategic management
Studies
Unconsciousness
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Summary:Using survey data collected from chief executives of nonprofit organizations and financial performance information, the current study examined the influence of the individual chief executive characteristics on their perception of organization performance. The study found that executives with internal Locus of Control, high collectivism values, and analytical decision styles have greater convergence between their perceptions of performance and a financial measure. The study findings also offer support for existing theories that suggest executive cognitions play a significant role in filtering information, ultimately influencing the accuracy of perceptions and the effectiveness of strategic choices.
ISSN:0167-4544
1573-0697
DOI:10.1023/B:BUSI.0000039417.15488.17