Abstract
Although many studies have examined the impact of the demographic diversity of top management teams (TMTs) on strategic outcomes, little theoretical or empirical work has investigated the influence of TMTs’ ideological diversity on strategic decisions. Because ideologies held by top executives influence not only their goals but also their decision-making processes, we develop the construct of TMT ideological diversity to explain how it increases strategic dynamism. In addition, we suggest that the positive effect of TMT ideological diversity on strategic dynamism is weaker when the CEO is more conservative, when the TMT is more diverse in demographic characteristics, and when management has more discretion. Using political donation records of U.S. top executives to capture their liberal versus conservative values, we find considerable support for our predictions.
| Original language | English |
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| Title of host publication | Academy of Management Proceedings 2021 |
| Editors | Sonia Taneja |
| Publisher | Academy of Management |
| DOIs | |
| Publication status | Published - 1 Aug 2021 |
| Event | 81st Annual Meeting of the Academy of Management, AOM 2021: Bringing the Manager Back in Management - Duration: 30 Jul 2021 → 3 Aug 2021 https://aom.org/events/annual-meeting/past-annual-meetings/2021-bringing-the-manager-back-in-management (Conference website) https://journals.aom.org/toc/amproc/2021/1 (Conference proceedings) |
Publication series
| Name | Academy of Management Proceedings |
|---|---|
| Publisher | Academy of Management |
| Number | 1 |
| Volume | 2021 |
| ISSN (Print) | 0065-0668 |
| ISSN (Electronic) | 2151-6561 |
Conference
| Conference | 81st Annual Meeting of the Academy of Management, AOM 2021 |
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| Period | 30/07/21 → 3/08/21 |
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