1 Introduction
2 Hypothesis Development
2.1 CEO Characteristics And The Use Of OPE
2.2 CEO Characteristics And The Use Of SPE
3 Methods And Data
3.1 Data Collection
3.2 Measurement Of Variables
3.2.1 CEO Characteristics
3.2.2 Subjective and Objective Performance Evaluations
3.2.3 Control Variables
Variables | CA | Mean | S.D. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. iLOC | 0.625 | 4.27 | 0.84 | 1 | – | – | – | – | – | – | – | – | – | – | – | – |
2. Tenure | – | 13.26 | 9.30 | −0.056 | 1 | – | – | – | – | – | – | – | – | – | – | – |
3. Owner | – | 0.64 | 0.48 | −0.017 | 0.460** | 1 | – | – | – | – | – | – | – | – | – | – |
4. Education | – | 0.49 | 0.50 | 0.016 | −0.134* | 0.025 | 1 | – | – | – | – | – | – | – | – | – |
5. Founder | – | 0.16 | 0.37 | 0.067 | 0.176** | 0.304** | −0.149* | 1 | – | – | – | – | – | – | – | – |
6. SPE | 0.900 | 5.58 | 1.09 | 0.188** | 0.073 | −0.010 | −0.032 | 0.040 | 1 | – | – | – | – | – | – | – |
7. OPE | 0.685 | 4.85 | 1.39 | 0.126* | −0.176** | −0.247** | 0.216** | −0.092 | 0.140* | 1 | – | – | – | – | – | – |
8. Company Size | – | 226.16 | 299.52 | 0.062 | −0.011 | −0.079 | 0.218** | −0.127 | −0.071 | 0.266** | 1 | – | – | – | – | – |
9. Age Company | – | 62.45 | 55.72 | 0.057 | 0.145* | 0.033 | 0.056 | −0.313** | −0.008 | 0.081 | 0.094 | 1 | – | – | – | – |
10. Environ. Unc. | 0.747 | 3.12 | 0.97 | −0.119 | 0.150* | 0.164** | −0.058 | 0.000 | −0.198** | −0.183** | −0.072 | 0.042 | 1 | – | – | – |
11. Outc. Meas. | – | 4.09 | 2.02 | 0.058 | −106 | −0.065 | 0.059 | 0.031 | −0.077 | 0.384** | 0.117 | 0.054 | −0.061 | 1 | – | – |
12. Task. Prog. | – | 4.51 | 1.66 | 0.034 | −0.155* | 0.093 | −0.035 | 0.090 | 0.036 | 0.258** | 0.091 | 0.084 | −0.075 | 0.550** | 1 | – |
13. Strategy | 0.727 | 5.41 | 1.15 | 0.219** | 0.003 | −0.062 | −0.136* | −0.047 | 0.106 | 0.231** | 0.089 | 0.070 | −0.105 | 0.041 | 0.084 | 1 |
4 Results
Dependent variable: Objective performance evaluation | ||
---|---|---|
Independent Variables | Model 1 | Model 2 |
Company Size | 0.20** (0.10) 0.001
| 0.14* (0.09) 0.012
|
Age Company | 0.04 (0.00) 0.539
| 0.04 (0.00) 0.481
|
Environ. Uncertainty | −0.13* (0.08) 0.024
| −0.08 (0.08) 0.139
|
Outcome Measurability | 0.33*** (0.05) 0.000
| 0.31*** (0.04) 0.000
|
Task Programmability | 0.03 (0.06) 0.622
| 0.03 (0.05) 0.613
|
Strategy | 0.18** (0.07) 0.001
| 0.20*** (0.07) 0.000
|
Tenure | – | −0.02 (0.01) 0.757
|
Founder | – | 0.02 (0.23) 0.696
|
Owner | – | −0.19** (0.18) 0.003
|
Education | – | 0.19** (0.16) 0.001
|
iLOC | – | 0.03 (0.09) 0.550
|
F-value | 13.606***0.000
| 10.180***0.000
|
R2
| 0.25 | 0.32 |
Adjusted R2
| 0.24 | 0.29 |
Dependent variable: Subjective performance evaluation | ||||
---|---|---|---|---|
Independent Variables | Model 1 | Model 2 | Model 3 | Comparison |
Company Size | −0.09 (0.09) 0.174
| −0.10 (0.09) 0.132
| −0.10 (0.09) 0.121
| – |
Age Company | 0.00 (0.00) 0.986
| −0.03 (0.00) 0.672
| −0.03 (0.00) 0.574
| |
Environ. Uncertainty | −0.20** (0.07) 0.002
| −0.19** (0.07) 0.003
| −0.19** (0.07) 0.002
| |
Outcome Measurability | −0.13+ (0.04) 0.074
| −0.14+ (0.04) 0.058
| −0.13+ (0.04) 0.088
| |
Task Programmability | 0.10 (0.05) 0.207
| 0.12 (0.05) 0.119
| 0.12 (0.05) 0.106
| |
Strategy | 0.09 (0.06) 0.152
| 0.05 (0.06) 0.407
| 0.04 (0.06) 0.550
| |
Tenure | – | 0.14+ (0.00) 0.058
| 0.16* (0.00) 0.032
| |
Founder | – | −0.01 (0.21) 0.920
| −0.01 (0.21) 0.857
| |
Owner | – | −0.04 (0.17) 0.592
| −0.63+ (0.75) 0.059
| |
Education | – | 0.02 (0.14) 0.810
| 0.66* (0.72) 0.047
| |
iLOC | – | 0.17** (0.08) 0.008
| 0.13 (0.15) 0.239
| |
iLOC*Owner | – | – | 0.61+ (0.17) 0.073
| |
iLOC*Education | – | – | −0.67* (0.17) 0.048
| |
F-value | 2.926**0.009
| 2.583**0.004
| 2.695**0.001
| 3.065*0.049
|
R2
| 0.07 | 0.11 | 0.13 | 0.02 |
Adjusted R2
| 0.05 | 0.06 | 0.08 | 0.01 |