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Do CIOs Matter in the Face of Exogenous Shocks? An Examination Through Upper Echelon Theory

Author

Listed:
  • Joseph Taylor

    (California State University Sacramento, Sacramento, CA, USA)

  • Arvin Sahaym

    (��Washington State University, Pullman, WA, USA)

  • Joseph Vithayathil

    (��Southern Illinois University, Edwardsville, IL, USA)

Abstract

Information Technology has taken a prominent role in firm investments, yet there is considerable variation in returns in technology-based expenditures. We posit that the technology leader such as the CIO or CTO is a valuable resource and plays a critical role when the position is endowed with power. Our analysis shows how a technology leader’s influential presence affects firm performance, particularly in the presence of an IT-related exogenous shock. Using cross-industry data, we find that firms with powerful technology leaders generate higher sales growth, and furthermore, in the presence of exogenous shocks, markets reward firms having powerful technology leaders.

Suggested Citation

  • Joseph Taylor & Arvin Sahaym & Joseph Vithayathil, 2023. "Do CIOs Matter in the Face of Exogenous Shocks? An Examination Through Upper Echelon Theory," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 20(02), pages 1-28, April.
    • Handle: RePEc:wsi:ijitmx:v:20:y:2023:i:02:n:s0219877023500050
    DOI: 10.1142/S0219877023500050
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