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Managers' conservatism and corporate performance

Author

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  • Frederick D. Sturdivant
  • James L. Ginter
  • Alan G. Sawyer

Abstract

This article argues that conservatism as a personal value among senior managers significantly affects corporate performance. A scale to measure conservatism was developed and its measurement properties were tested on several hundred executives. Empirical results were consistent with the hypotheses that conservatism among senior management teams is negatively associated with the firm's social responsiveness as well as certain aspects of financial performance.

Suggested Citation

  • Frederick D. Sturdivant & James L. Ginter & Alan G. Sawyer, 1985. "Managers' conservatism and corporate performance," Strategic Management Journal, Wiley Blackwell, vol. 6(1), pages 17-38, January.
    • Handle: RePEc:bla:stratm:v:6:y:1985:i:1:p:17-38
    DOI: 10.1002/smj.4250060103
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    Cited by:

    1. Som Sekhar Bhattacharyya, 2020. "Humanistic Orientation in Firm–Stakeholder Technology-based Interaction and Its Impact on Stakeholder Satisfaction," Emerging Economy Studies, International Management Institute, vol. 6(1), pages 86-105, May.
    2. Woller, Gary M., 1996. "Business ethics, society, and Adam Smith: Some observations on the liberal business ethos," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 25(3), pages 311-332.
    3. Hsu, Audrey Wen-hsin & Wang, Tawei, 2013. "Does the market value corporate response to climate change?," Omega, Elsevier, vol. 41(2), pages 195-206.
    4. Michal Szostak, 2020. "Does Creativity Influence the Perception of Creative Identities?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 312-333.
    5. Michal Szostak, 2021. "Post-communist Burden Influence on the Perception of Crea-tive Identities: Consequences for Managers and Leaders," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 282-302.

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