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Does the CEO matter? An empirical study of small Swedish firms operating in turbulent environments

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  • Westerberg, Mats
  • Singh, Jagdip
  • Häckner, Einar

Abstract

This paper develops and tests a framework for understanding the performance of small firms operating in highly turbulent environments. Performance is conceptualized as being multidimensional, taking into account both financial and market performance. The purpose was to delineate the importance of CEO characteristics (self-efficacy, tolerance for ambiguity and need for cognition) in relation to some aspects of firm orientation (Market vs. Internal and Planning vs. Implementation). The results showed that CEO characteristics tended to have a considerable impact on firm performance and on firm orientation, while no significant relationship between firm orientation and firm performance was found.

Suggested Citation

  • Westerberg, Mats & Singh, Jagdip & Häckner, Einar, 1997. "Does the CEO matter? An empirical study of small Swedish firms operating in turbulent environments," Scandinavian Journal of Management, Elsevier, vol. 13(3), pages 251-270, September.
    • Handle: RePEc:eee:scaman:v:13:y:1997:i:3:p:251-270
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    Citations

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    Cited by:

    1. Demir, Robert & Söderman, Sten, 2007. "Skills and complexity in management of IJVs: Exploring Swedish managers' experiences in China," International Business Review, Elsevier, vol. 16(2), pages 229-250, April.
    2. Lutz Sommer, 2010. "Internationalization processes of small- and medium-sized enterprises—a matter of attitude?," Journal of International Entrepreneurship, Springer, vol. 8(3), pages 288-317, September.
    3. Andrea Calabrò & Donata Mussolino, 2013. "How do boards of directors contribute to family SME export intensity? The role of formal and informal governance mechanisms," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 363-403, May.
    4. Younes Ben Zaied & Siagh Ahmed Ramzi, 2012. "Les déterminants du succès entrepreneurial ; Une étude empirique de la région de Sfax en Tunisie," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201235, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    5. Man, Thomas W. Y. & Lau, Theresa & Chan, K. F., 2002. "The competitiveness of small and medium enterprises: A conceptualization with focus on entrepreneurial competencies," Journal of Business Venturing, Elsevier, vol. 17(2), pages 123-142, March.
    6. Arquero, José Luis & Fernández-Polvillo, Carmen & Hassall, Trevor & Joyce, John, 2017. "Relationships between communication apprehension, ambiguity tolerance and learning styles in accounting students," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 20(1), pages 13-24.
    7. James Cunningham & Alistair R. Anderson, 2018. "Inspired or Foolhardy: Sensemaking, Confidence and Entrepreneurs’ Decision-Making," Group Decision and Negotiation, Springer, vol. 27(3), pages 393-415, June.
    8. Samaneh Saghebi & Abolfazl Alizadeh & Mohammad Mohammadzaheri & Tahmineh Habibisenobari, 2019. "Relationships of managers’ entrepreneurial perception and internationalization speed in small and medium-sized enterprises (SMEs)," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-19, December.
    9. Tindara Abbate & Fabrizio Cesaroni & Angelo Presenza, 2021. "Knowledge transfer from universities to low- and medium-technology industries: evidence from Italian winemakers," The Journal of Technology Transfer, Springer, vol. 46(4), pages 989-1016, August.
    10. Acedo, Francisco J. & Jones, Marian V., 2007. "Speed of internationalization and entrepreneurial cognition: Insights and a comparison between international new ventures, exporters and domestic firms," Journal of World Business, Elsevier, vol. 42(3), pages 236-252, September.
    11. Bahadur Ali Soomro & Ikhtiar Ali Ghumro & Naimatullah Shah, 2020. "Green entrepreneurship inclination among the younger generation: An avenue towards a green economy," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 585-594, July.
    12. Hatoum, Khalil & Moussu, Christophe & Gillet, Roland, 2022. "CEO overconfidence: Towards a new measure," International Review of Financial Analysis, Elsevier, vol. 84(C).

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