Chief executive officers' appearance predicts company performance, or does it? A replication study and extension focusing on CEO successions

Hopp, Christian; Wentzel, Daniel; Rose, Stefan Manfred (2020). Chief executive officers' appearance predicts company performance, or does it? A replication study and extension focusing on CEO successions The Leadership Quarterly, p. 101437. Elsevier 10.1016/j.leaqua.2020.101437

[img] Text
1-s2.0-S1048984320300643-main.pdf - Published Version
Restricted to registered users only
Available under License Publisher holds Copyright.

Download (516kB) | Request a copy

In this article, we aim to replicate and extend a study that has revealed a link between naïve personality and leadership judgments and company profits. Rule and Ambady (2008) found that power- and leadership-related perceptions derived from CEOs' faces were significantly related to company profits. In our follow-up study and extension, we focus on CEO succession events to explore the longitudinal relationship between personality- and leadership-related perception ratings and company performance. We study the context of CEO successions to test whether variations in personality- and leadership-related perceptions from CEO faces are related to company performance and whether variations in company performance are associated with the type of CEO that is chosen. We can replicate the original correlative leadership effect using a temporal extension of the analysis horizon but fail to replicate the link between CEO leadership perceptions and company performance when using a different measure of performance and a different analytical approach to account for the longitudinal nature of our data. Our results have important implications for further theorizing on the relationship between subjective leadership perceptions and objective performance measures.

Item Type:

Journal Article (Original Article)

Division/Institute:

Business School > Business Foundations and Methods

Name:

Hopp, Christian0000-0002-4095-092X;
Wentzel, Daniel and
Rose, Stefan Manfred0000-0002-1327-0830

ISSN:

10489843

Publisher:

Elsevier

Language:

English

Submitter:

Christian Hopp

Date Deposited:

07 Jul 2020 11:47

Last Modified:

21 Sep 2021 02:18

Publisher DOI:

10.1016/j.leaqua.2020.101437

Uncontrolled Keywords:

Facial appearance, CEOs, Company performance, Causality, Replication

ARBOR DOI:

10.24451/arbor.11973

URI:

https://arbor.bfh.ch/id/eprint/11973

Actions (login required)

View Item View Item
Provide Feedback