The Effects of Leadership Charisma on Company Performance and External Support
Date Issued
2008
Date
2008
Author(s)
Peng, Pi-Fen
Abstract
This thesis aims to discuss effects of charismatic leadership on company performance, measured by financial indices, and investors’ willingness to invest in the company. Questionnaire respondents ranked 42 company leaders or CEOs’ charisma by reading magazine interviews or articles about them. The responses were analyzed along with empirical financial data. Moreover, from the perspective of agency theory, another purpose of this research is to find out whether investors’ investment tendency is associated with the charisma of a non-executive board member. Research findings are summarized as follows. ependent Variable Independent Variable Resultharisma of company leaders Financial performance Partial positive associationharisma of company leaders External support Positive associationharisma of a non-executive board member External support No association. Company leaders’ charisma has only partial but yet positive influence on some financial indices. Therefore, charismatic leadership does not necessary lead the company to profits. . Company leaders’ charisma is positively associated with external support. Investors are affected by charismatic leadership. . External support is not affected by the charisma of a non-executive board member.
Subjects
Charismatic Leadership
Company Performance
Agency Theory
External Support
Non-Executive Board Member
Type
thesis
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