In Charisma We Trust: The Effects of CEO Charismatic Visions on Securities Analysts

被引：106

作者：

Fanelli, Angelo ^{[1
]}

Misangyi, Vilmos F. ^{[2
]}

Tosi, Henry L. ^{[3
,4
]}

机构：

[1] HEC Sch Management, Dept Management & Human Resources, F-78351 Jouy En Josas, France

[2] Penn State Univ, Smeal Coll Business, Dept Management & Org, University Pk, PA 16802 USA

[3] Univ Florida, Warrington Coll Business Adm, Gainesville, FL 32611 USA

[4] Univ Bocconi, Milan, Italy

来源：

ORGANIZATION SCIENCE | 2009年 / 20卷 / 06期

关键词：

CEO charisma; securities analysts; stock market as a social construction; discourse analysis; CORPORATE GOVERNANCE; SOCIAL CONSTRUCTION; LEADERSHIP; MANAGEMENT; MARKET; PERFORMANCE; RECOMMENDATIONS; FIRM; JUSTIFICATION; CONSEQUENCES;

D O I：

10.1287/orsc.1080.0407

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Using a thematic text analysis of the initial letters to shareholders following a CEO succession event, we analyze whether CEO charismatic visions portrayed in this organizational discourse influence securities analysts' recommendations and forecasts. The results suggest that such projections of CEO charismatic visions are associated with the favorability of individual analyst recommendations and the uniformity of recommendations across analysts, but they also appear to be positively related to errors in individual analysts' forecasting of future firm performance.

引用

页码：1011 / 1033

页数：23

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