Abstract
This research develops a new perspective on the debate between stakeholder and economic theories. Both theories have received criticism for misleading executives in their decision making-stakeholder theory for its ambiguity and economics for its bias toward the short term. An alternative explanation suggests that the stakeholder and economic values that executives use in their decision making, combined with leadership, predict employee effort and firm performance. Within a multinational sample, economic decision-making values are associated with autocratic leadership, whereas stakeholder decision-making values relate to visionary leadership. Visionary leadership alone positively predicts motivation and performance. Implications of these findings are discussed.
| Original language | English (US) |
|---|---|
| Title of host publication | Academy of Management 2007 Annual Meeting: Doing Well by Doing Good, AOM 2007 |
| State | Published - 2007 |
| Event | 67th Annual Meeting of the Academy of Management, AOM 2007 - Philadelphia, PA, United States Duration: Aug 3 2007 → Aug 8 2007 |
Other
| Other | 67th Annual Meeting of the Academy of Management, AOM 2007 |
|---|---|
| Country/Territory | United States |
| City | Philadelphia, PA |
| Period | 8/3/07 → 8/8/07 |
Keywords
- Leadership
- Stakeholder theory
- Values
ASJC Scopus subject areas
- Management Information Systems
- Management of Technology and Innovation