132
Views
0
CrossRef citations to date
0
Altmetric
Articles

CEO research in hospitality and tourism: a systematic literature review and future outlook

ORCID Icon, ORCID Icon & ORCID Icon
Pages 542-558 | Received 22 May 2023, Accepted 19 Mar 2024, Published online: 10 Apr 2024

References

  • Adams, R. B., & Ferreira, D. (2007). A theory of friendly boards. The journal of Finance, 62(1), 217–250.
  • Ahn, J. S., Assaf, A. G., Josiassen, A., Baker, M. A., Lee, S., Kock, F., & Tsionas, M. G. (2020). Narcissistic CEOs and corporate social responsibility: Does the role of an outside board of directors matter? International Journal of Hospitality Management, 85, 102350. https://doi.org/10.1016/j.ijhm.2019.102350
  • Aissa, S. B., & Goaied, M. (2016). Determinants of Tunisian hotel profitability: The role of managerial efficiency. Tourism Management, 52, 478–487. https://doi.org/10.1016/j.tourman.2015.07.015
  • Al-Najjar, B. (2017). Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms. Tourism Management, 60, 9–14. https://doi.org/10.1016/j.tourman.2016.11.005
  • Arendt, L. A., Priem, R. L., & Ndofor, H. A. (2005). A CEO-adviser model of strategic decision making. Journal of Management, 31(5), 680–699. https://doi.org/10.1177/0149206305279054
  • Arici, H. E., Arici, N. C., Köseoglu, M. A., & King, B. E. M. (2021). Leadership research in the root of hospitality scholarship: 1960–2020. International Journal of Hospitality Management, 99, 103063. https://doi.org/10.1016/j.ijhm.2021.103063
  • Arici, H. E., Köseoglu, M. A., & Sökmen, A. (2022). The intellectual structure of customer experience research in service scholarship: A bibliometric analysis. The Service Industries Journal, 42(7-8), 514–550. https://doi.org/10.1080/02642069.2022.2043286
  • Armstrong, C. S. (2013). Discussion of “CEO compensation and corporate risk-taking: Evidence from a natural experiment”. Journal of Accounting and Economics, 56(2 Suppl 1), 102–111. https://doi.org/10.1016/j.jacceco.2013.11.003
  • Ayachit, M., & Chitta, S. (2022). A systematic review of Burnout studies from the Hospitality literature. Journal of Hospitality Marketing & Management, 31(2), 125–144. https://doi.org/10.1080/19368623.2021.1957743
  • Baixauli-Soler, J. S., Belda-Ruiz, M., & Sanchez-Marin, G. (2015). Executive stock options, gender diversity in the top management team, and firm risk taking. Journal of Business Research, 68(2), 451–463. https://doi.org/10.1016/j.jbusres.2014.06.003
  • Bangchokdee, S., & Mia, L. (2016). The role of senior managers’ use of performance measures in the relationship between decentralization and organizational performance: Evidence from hotels in Thailand. Journal of Accounting & Organizational Change, 12(2), 129–151. https://doi.org/10.1108/JAOC-11-2012-0110
  • Beasley, M. S., Carcello, J. V., Hermanson, D. R., & Lapides, P. D. (2000). Fraudulent financial reporting: Consideration of industry traits and corporate governance mechanisms. Accounting Horizons, 14(4), 441–454. https://doi.org/10.2308/acch.2000.14.4.441
  • Belot, F., & Serve, S. (2018). Earnings quality in private SMEs: Do CEO demographics matter? Journal of Small Business Management, 56, 323–344. https://doi.org/10.1111/jsbm.12375
  • Bennedsen, M., Pérez-González, F., & Wolfenzon, D. (2020). Do CEOs matter? Evidence from hospitalization events. The Journal of Finance, 75(4), 1877–1911. https://doi.org/10.1111/jofi.12897
  • Berry, J. (2016). Diversity and equity. Cross Cultural & Strategic Management.
  • Bertrand, M., & Schoar, A. (2003). Managing with style: The effect of managers on firm policies. The Quarterly Journal of Economics, 118(4), 1169–1208. https://doi.org/10.1162/003355303322552775
  • Bouaziz, D., Salhi, B., & Jarboui, A. (2020). CEO characteristics and earnings management: Empirical evidence from France. Journal of Financial Reporting and Accounting, 18(1), 77–110. https://doi.org/10.1108/JFRA-01-2019-0008
  • Busenbark, J. R., Krause, R., Boivie, S., & Graffin, S. D. (2016). Toward a configurational perspective on the CEO. Journal of Management, 42(1), 234–268. https://doi.org/10.1177/0149206315618448
  • Camisón, C., Forés, B., & Puig-Denia, A. (2016). Return on capital in Spanish tourism businesses: A comparative analysis of family vs non-family businesses. European Journal of Management and Business Economics, 25(3), 91–110. https://doi.org/10.1016/j.redeen.2016.04.002
  • Camisón-Zornoza, C., Forés-Julián, B., Puig-Denia, A., & Camisón-Haba, S. (2020). Effects of ownership structure and corporate and family governance on dynamic capabilities in family firms. International Entrepreneurship and Management Journal, 16(4), 1393–1426. https://doi.org/10.1007/s11365-020-00675-w
  • Carpenter, M. A., Geletkanycz, M. A., & Sanders, W. G. (2004). Upper echelons research revisited: Antecedents, elements, and consequences of top management team composition. Journal of Management, 30(6), 749–778. https://doi.org/10.1016/j.jm.2004.06.001
  • Chen, M. J., Michel, J. G., & Lin, W. (2021). Worlds apart? Connecting competitive dynamics and the resource-based view of the firm. Journal of Management, 47(7), 1820–1840.
  • Choong, Y. O., Tan, C. E., Keh, C. G., Lim, Y. H., & Tan, Y. T. (2012). How demographic factors impact organisational commitment of academic staffs in Malaysian private universities: A review and research agenda. International Journal of Academic Research, 4(3).
  • Custódio, C., & Metzger, D. (2014). Financial expert CEOs: CEO ׳s work experience and firm ׳s financial policies. Journal of Financial Economics, 114(1), 125–154. https://doi.org/10.1016/j.jfineco.2014.06.002
  • Dahlstrom, R., Haugland, S. A., Nygaard, A., & Rokkan, A. I. (2009). Governance structures in the hotel industry. Journal of Business Research, 62(8), 841–847. https://doi.org/10.1016/j.jbusres.2007.07.033
  • Dai, H., Xing, L., & Khan, Y. A. (2023). Export diversification, CEO compensation and CEO pay-performance sensitivity: Lesson from China. Current Psychology, 1–16.
  • Davis, J. H., Schoorman, F. D., Mayer, R. C., & Tan, H. H. (2000). The trusted general manager and business unit performance: Empirical evidence of a competitive advantage. Strategic Management Journal, 21(5), 563–576. https://doi.org/10.1002/(SICI)1097-0266(200005)21:5<563::AID-SMJ99>3.0.CO;2-0
  • de Larrea, G. L., Altin, M., Koseoglu, M. A., & Okumus, F. (2021). An integrative systematic review of innovation research in hospitality and tourism. Tourism Management Perspectives, 37, 100789. https://doi.org/10.1016/j.tmp.2021.100789
  • Dong, J. Q., Karhade, P. P., Rai, A., & Xu, S. X. (2021). How firms make information technology investment decisions: Toward a behavioral agency theory. Journal of Management Information Systems, 38(1), 29–58. https://doi.org/10.1080/07421222.2021.1870382
  • Foroudi, P. (2019). Influence of brand signature, brand awareness, brand attitude, brand reputation on hotel industry’s brand performance. International Journal of Hospitality Management, 76, 271–285. https://doi.org/10.1016/j.ijhm.2018.05.016
  • Frydman, C., & Jenter, D. (2010). Ceo compensation. Annual Review of Financial Economics, 2(1), 75–102. https://doi.org/10.1146/annurev-financial-120209-133958
  • Fullana, O., Priego, A. M., & Toscano, D. (2022). The role of financial performance of Eurostoxx listed hotel companies in determining CEO compensation. International Journal of Hospitality Management, 104, 103242. https://doi.org/10.1016/j.ijhm.2022.103242
  • Galasso, A., & Simcoe, T. S. (2011). Ceo overconfidence and innovation. Management Science, 57(8), 1469–1484. https://doi.org/10.1287/mnsc.1110.1374
  • Georgakakis, D., Heyden, M. L., Oehmichen, J. D., & Ekanayake, U. I. (2022). Four decades of CEO–TMT interface research: A review inspired by role theory. The Leadership Quarterly, 33(3), 101354. https://doi.org/10.1016/j.leaqua.2019.101354
  • Glick, M. B. (2011). The role of chief executive officer. Advances in Developing Human Resources, 13(2), 171–207. https://doi.org/10.1177/1523422311415642
  • Guetat, H., Jarboui, S., & Boujelbene, Y. (2015). Evaluation of hotel industry performance and corporate governance: A stochastic frontier analysis. Tourism Management Perspectives, 15, 128–136.
  • Guillet, B. D., Seo, K., Kucukusta, D., & Lee, S. (2013). CEO duality and firm performance in the US restaurant industry: Moderating role of restaurant type. International Journal of Hospitality Management, 33, 339–346. https://doi.org/10.1016/j.ijhm.2012.10.004
  • Hambrick, D. C. (2007). Upper echelons theory: An update. Academy of Management Review, 32(2), 334–343. https://doi.org/10.5465/amr.2007.24345254
  • Hambrick, D. C., & Quigley, T. J. (2014). Toward more accurate contextualization of the CEO effect on firm performance. Strategic Management Journal, 35(4), 473–491. https://doi.org/10.1002/smj.2108
  • Hassan, B. A., & Ogunkoya, O. (2014). Demographic variables and job performance: Any link? (A case of insurance salesmen). Acta Universitatis Danubius. Œconomica, 10(4), 19–30.
  • Hauck, J., & Prügl, R. (2015). Innovation activities during intra-family leadership succession in family firms: An empirical study from a socioemotional wealth perspective. Journal of Family Business Strategy, 6(2), 104–118. https://doi.org/10.1016/j.jfbs.2014.11.002
  • Hill, C. W. L., & Phan, P. (1991). Ceo tenure As a determinant of Ceo Pay. Academy of Management Journal, 34(3), 707–717. https://doi.org/10.2307/256413
  • Hodari, D., Turner, M. J., & Sturman, M. C. (2017). How hotel owner-operator goal congruence and GM autonomy influence hotel performance. International Journal of Hospitality Management, 61, 119–128. https://doi.org/10.1016/j.ijhm.2016.11.008
  • Huang, J., Li, W., Qiu, C., Yim, F. H., & Wan, J. (2016). The impact of CEO servant leadership on firm performance in the hospitality industry. International Journal of Contemporary Hospitality Management, 28(5), 945–968. https://doi.org/10.1108/IJCHM-08-2014-0388
  • Jarboui, S., Guetat, H., & Boujelbène, Y. (2015). Evaluation of hotels performance and corporate governance mechanisms: Empirical evidence from the Tunisian context. Journal of Hospitality and Tourism Management, 25, 30–37.
  • Jensen, M., Potočnik, K., & Chaudhry, S. (2020). A mixed-methods study of CEO transformational leadership and firm performance. European Management Journal, 38(6), 836–845.
  • Kalia, N., & Bhardwaj, B. (2019). Contextual and task performance: Do demographic and organizational variables matter? Rajagiri Management Journal, 13(2), 30–42. https://doi.org/10.1108/RAMJ-09-2019-0017
  • Kim, B., & Lee, S. (2022). The impact of celebrity CEOs on restaurant firm performance: The moderating role of environmental dynamism. Journal of Business Research, 139, 869–880. https://doi.org/10.1016/j.jbusres.2021.10.031
  • Kim, B., Lee, S., & Kang, K. H. (2018). The moderating role of CEO narcissism on the relationship between uncertainty avoidance and CSR. Tourism Management, 67, 203–213. https://doi.org/10.1016/j.tourman.2018.01.018
  • Kim, H. S., Akindayomi, A., Chung, C. Y., & Ogunmakin, A. A. (2024). Business strategy and CEO compensation: Evidence from the hospitality and tourism industry. Asia-Pacific Journal of Financial Studies, 53(1), 87–119. https://doi.org/10.1111/ajfs.12461
  • Kim, H. S., & Jang, S. (2021). Outside CEOs and restaurant performance: The moderating effect of franchising and recession. International Journal of Contemporary Hospitality Management, 33(4), 1319–1343. https://doi.org/10.1108/IJCHM-07-2020-0717
  • Kim, S. H., & Kim, W. G. (2011). Re-examining the determinants of executive compensation in the restaurant industry: A quantile regression approach. Tourism Economics, 17(5), 1035–1054. https://doi.org/10.5367/te.2011.0081
  • Kontesa, M., Brahmana, R., & Tong, A. H. H. (2021). Narcissistic CEOs and their earnings management. Journal of Management and Governance, 25(1), 223–249. https://doi.org/10.1007/s10997-020-09506-0
  • Köseoglu, M. A., Okumus, F., Dogan, I. C., & Law, R. (2019). Intellectual structure of strategic management research in the hospitality management field: A co-citation analysis. International Journal of Hospitality Management, 78, 234–250. https://doi.org/10.1016/j.ijhm.2018.09.006
  • Krause, R., Semadeni, M., & Cannella Jr, A. A. (2014). CEO duality: A review and research agenda. Journal of Management, 40(1), 256–286. https://doi.org/10.1177/0149206313503013
  • Kruse, S., Bendig, D., & Brettel, M. (2023). How does CEO decision style influence firm performance? The mediating role of speed and innovativeness in new product development. Journal of Management Studies, 60(5), 1205–1235.
  • Lange, D., Boivie, S., & Westphal, J. D. (2015). Predicting organizational identification at the CEO level. Strategic Management Journal, 36(8), 1224–1244. https://doi.org/10.1002/smj.2283
  • La Rosa, F., & Bernini, F. (2018). Corporate governance and performance of Italian gambling SMEs during recession. International Journal of Contemporary Hospitality Management, 30(3), 1939–1958 https://doi.org/10.1108/IJCHM-03-2017-0135
  • Lee, C. C., Lee, C. C., & Wu, Y. (2023). The impact of COVID-19 pandemic on hospitality stock returns in China. International Journal of Finance & Economics, 28(2), 1787–1800. https://doi.org/10.1002/ijfe.2508
  • Lee, W. S., Sun, K. A., & Moon, J. (2018). Application of upper echelon theory for corporate social responsibility dimensions: Evidence from the restaurant industry. Journal of Quality Assurance in Hospitality & Tourism, 19(3), 387–414. https://doi.org/10.1080/1528008X.2017.1421492
  • Lee, Y., Sinha, P. N., Kim, S., Swanson, E. M., Yang, J., & Kim, E. (2021). The expatriate and local hotel general managers: Differing approaches to employees’ loyalty. International Journal of Emerging Markets, 18(10), 3394–3413.
  • Li, Y., & Singal, M. (2017). CEO attributes and firm performance in the hospitality industry. The Journal of Hospitality Financial Management, 25(2), 77–89. https://doi.org/10.1080/10913211.2017.1398941
  • Li, Y., & Singal, M. (2019). Firm performance in the hospitality industry: Do CEO attributes and compensation matter? Journal of Hospitality & Tourism Research, 43(2), 272–282. https://doi.org/10.1177/1096348018776453
  • Li, Y., & Singal, M. (2022). Corporate governance in the hospitality and tourism industry: Theoretical foundations and future research. Journal of Hospitality & Tourism Research, 10963480211011718.
  • Main, B. G. M., O’Reilly, C. A., & Wade, J. (1995). The CEO, the board of directors and executive compensation: Economic and psychological perspectives. Industrial and Corporate Change, 4(2), 293–332. https://doi.org/10.1093/icc/4.2.293
  • Memon, M. A., Cheah, J. H., Ramayah, T., Ting, H., Chuah, F., & Cham, T. H. (2019). Moderation analysis: Issues and guidelines. Journal of Applied Structural Equation Modeling, 3(1), i–xi. https://doi.org/10.47263/JASEM.3(1)01
  • Memon, M. A., Jun, H. C., Ting, H., & Francis, C. W. (2018). Mediation analysis issues and recommendations. Journal of Applied Structural Equation Modeling, 2(1), i–ix. https://doi.org/10.47263/JASEM.2(1)01
  • Moher, D., Liberati, A., Tetzlaff, J., Altman, D. G., & PRISMA Group*, T. (2009). Preferred reporting items for systematic reviews and meta-analyses: the PRISMA statement. Annals of Internal Medicine, 151(4), 264–269. https://doi.org/10.7326/0003-4819-151-4-200908180-00135
  • Mun, S. G., & Jang, S. (2022). Explaining the asset growth anomaly in the restaurant industry: Motivations and consequences. Tourism Economics, 28(1), 62–82. https://doi.org/10.1177/1354816620954587
  • Mu Yeh, C. (2013). Board governance and tourism firms’ performance: The case of Taiwan. Journal of Quality Assurance in Hospitality & Tourism, 14(2), 123–141. https://doi.org/10.1080/1528008X.2013.749388
  • Nguyen, A. M. D., & Benet-Martínez, V. (2013). Biculturalism and adjustment: A meta-analysis. Journal of Cross-Cultural Psychology, 44(1), 122–159. https://doi.org/10.1177/0022022111435097
  • Nyberg, A. J., Cragun, O. R., & Schepker, D. J. (2021). Chief executive officer succession and board decision making: Review and suggestions for advancing industrial and organizational psychology, human resources management, and organizational behavior research. Annual Review of Organizational Psychology and Organizational Behavior, 8(1), 173–198. https://doi.org/10.1146/annurev-orgpsych-012420-061800
  • Okumus, F., Köseoglu, M. A., Morvillo, A., & Altin, M. (2017). Scientific progress on strategic management in hospitality and tourism: A state-of-the-art. Tourism Review, 72(3), 261–273. https://doi.org/10.1108/TR-03-2017-0047
  • Oradi, J., Asiaei, K., & Rezaee, Z. (2020). CEO financial background and internal control weaknesses. Corporate Governance: An International Review, 28(2), 119–140. https://doi.org/10.1111/corg.12305
  • Ozdemir, O. (2020). Board diversity and firm performance in the US tourism sector: The effect of institutional ownership. International Journal of Hospitality Management, 91, 102693. https://doi.org/10.1016/j.ijhm.2020.102693
  • Ozdemir, O., & Erkmen, E. (2022). Top management team gender diversity and firm risk-taking in the hospitality industry. International Journal of Contemporary Hospitality Management, 34(5), 1739–1767. https://doi.org/10.1108/IJCHM-06-2021-0719
  • Ozdemir, O., Erkmen, E., & Binesh, F. (2022). Board diversity and firm risk-taking in the tourism sector: Moderating effects of board independence, CEO duality, and free cash flows. Tourism Economics, 28(7), 1782–1804. https://doi.org/10.1177/13548166211014367
  • Ozdemir, O., Kizildag, M., & Upneja, A. (2013). Does risk matter in CEO compensation contracting? Evidence from US restaurant industry. International Journal of Hospitality Management, 34, 372–383. https://doi.org/10.1016/j.ijhm.2012.11.012
  • Ozdemir, O., & Upneja, A. (2012). Board structure and CEO compensation: Evidence from U.S. lodging industry. International Journal of Hospitality Management, 31(3), 856–863. https://doi.org/10.1016/j.ijhm.2011.10.004
  • Park, S., & Lee, S. (2022). The effect of generalist CEOs on social novelty in the restaurant industry. International Journal of Contemporary Hospitality Management, 34(5), 1906–1924. https://doi.org/10.1108/IJCHM-06-2021-0698
  • Park, S., Song, S., & Lee, S. (2019). The influence of CEOs’ equity-based compensation on restaurant firms’ CSR initiatives: The moderating role of institutional ownership. International Journal of Contemporary Hospitality Management, 31(9), 3664–3682. https://doi.org/10.1108/IJCHM-03-2018-0221
  • Peng, H., Zhang, J., Zhong, S., & Li, P. (2021). Corporate governance, technical efficiency and financial performance: Evidence from Chinese listed tourism firms. Journal of Hospitality and Tourism Management, 48, 163–173. https://doi.org/10.1016/j.jhtm.2021.06.005
  • Peni, E. (2014). CEO and Chairperson characteristics and firm performance. Journal of Management & Governance, 18(1), 185–205. https://doi.org/10.1007/s10997-012-9224-7
  • Rajasekar, J., Al-Asfour, A., & Kentiba, E. (2021). Exploring the relationship between cultural intelligence and employees demographic profiles: Insights gained from a cross-cultural study in Oman. International Journal of Commerce and Management, 31(4), 556–575.
  • Rajeevan, S., & Ajward, R. (2019). Board characteristics and earnings management in Sri Lanka. Journal of Asian Business and Economic Studies, 27(1), 2–18. https://doi.org/10.1108/JABES-03-2019-0027
  • Rajeevan, S., & Ajward, R. (2020). Board characteristics and earnings management in sri lanka. Journal of Asian Business and Economic Studies, 27(1), 2–18. https://doi.org/10.1108/JABES-03-2019-0027
  • Rasoolimanesh, S. M., Wang, M., Mikulić, J., & Kunasekaran, P. (2021a). A critical review of moderation analysis in tourism and hospitality research toward robust guidelines. International Journal of Contemporary Hospitality Management, 33(12), 4311–4333. https://doi.org/10.1108/IJCHM-02-2021-0272
  • Rasoolimanesh, S. M., Wang, M., Roldan, J. L., & Kunasekaran, P. (2021b). Are we in right path for mediation analysis? Reviewing the literature and proposing robust guidelines. Journal of Hospitality and Tourism Management, 48, 395–405. https://doi.org/10.1016/j.jhtm.2021.07.013
  • Ratna, S., Saide, S., Putri, A. M., Indrajit, R. E., & Muwardi, D. (2023). Digital transformation in tourism and hospitality industry: a literature review of blockchain, financial technology, and knowledge management. EuroMed Journal of Business, 19(1), 84–112. https://doi.org/10.1108/EMJB-04-2023-0118
  • Ruiz-Palomino, P., Gutiérrez-Broncano, S., Jiménez-Estévez, P., & Hernandez-Perlines, F. (2021). CEO servant leadership and strategic service differentiation: The role of high-performance work systems and innovativeness. Tourism Management Perspectives, 40, 100891. https://doi.org/10.1016/j.tmp.2021.100891
  • Ruiz-Palomino, P., Hernández-Perlines, F., Jiménez-Estévez, P., & Gutiérrez-Broncano, S. (2019). CEO servant leadership and firm innovativeness in hotels: A multiple mediation model of encouragement of participation and employees’. International Journal of Contemporary Hospitality Management, 31(4), 1647–1665. https://doi.org/10.1108/IJCHM-01-2018-0023
  • Saiyed, A. A., Tatoglu, E., Ali, S., & Dutta, D. K. (2023). Entrepreneurial orientation, CEO power and firm performance: An upper echelons theory perspective. Management Decision, 61(6), 1773–1797. https://doi.org/10.1108/MD-05-2022-0641
  • Salehi, M., Lari Dasht Bayaz, M., & Naemi, M. (2018). The effect of CEO tenure and specialization on timely audit reports of Iranian listed companies. Management Decision, 56(2), 311–328. https://doi.org/10.1108/MD-10-2017-1018
  • Schepker, D. J., Nyberg, A. J., Ulrich, M. D., & Wright, P. M. (2018). Planning for future leadership: Procedural rationality, formalized succession processes, and CEO influence in CEO succession planning. Academy of Management Journal, 61(2), 523–552. https://doi.org/10.5465/amj.2016.0071
  • Seo, K., Kim, E. E. K., & Sharma, A. (2017). Examining the determinants of long-term debt in the US restaurant industry: Does CEO overconfidence affect debt maturity decisions? International Journal of Contemporary Hospitality Management, 29(5), 1501–1520. https://doi.org/10.1108/IJCHM-06-2015-0274
  • Song, H. J., & Kang, K. H. (2019). The moderating effect of CEO duality on the relationship between geographic diversification and firm performance in the US lodging industry. International Journal of Contemporary Hospitality Management, 31(3), 1488–1504. https://doi.org/10.1108/IJCHM-12-2017-0848
  • Torres, P., & Augusto, M. (2021). Attention to social issues and CEO duality as enablers of resilience to exogenous shocks in the tourism industry. Tourism Management, 87, 104400.
  • Trinh, V. Q., Seetaram, N., Duong, K. T., & Vo, X. V. (2023). Collusive behaviour, risk and performance of tourism firms. Tourism Economics: The Business and Finance of Tourism and Recreation, 29(8), 2103–2128.
  • Turner, M. J. (2017). Precursors to the financial and strategic orientation of hotel property capital budgeting. Journal of Hospitality and Tourism Management, 33, 31–42. https://doi.org/10.1016/j.jhtm.2017.09.004
  • Upneja, A., & Ozdemir, O. (2014). Compensation practices in the lodging industry: Does top management pay affect corporate performance?. International Journal of Hospitality Management, 38, 30–38.
  • Uppal, N. (2020). CEO narcissism, CEO duality, TMT agreeableness and firm performance: An empirical investigation in auto industry in India. European Business Review, 32(4), 573–590. https://doi.org/10.1108/EBR-06-2019-0121
  • Uyar, A., Kuzey, C., Kilic, M., & Karaman, A. S. (2022). Does firms’ CSR engagement support tourism sector development? moderation effect of CSR committee and CEO duality. Tourism Economics.
  • Veprauskaitė, E., & Adams, M. (2013). Do powerful chief executives influence the financial performance of UK firms? The British Accounting Review, 45(3), 229–241. https://doi.org/10.1016/j.bar.2013.06.004
  • Yang, J. T. (2012). Effects of ownership change on organizational settings and strategies in a Taiwanese hotel chain. International Journal of Hospitality Management, 31(2), 428–441.
  • Yeon, J., Lin, M. S., Lee, S., & Sharma, A. (2021). Does family matter? The moderating role of family involvement on the relationship between CSR and firm performance International Journal of Contemporary Hospitality Management, 33(10), 3729–3751. https://doi.org/10.1108/IJCHM-03-2021-0315
  • Yu, M. (2023). CEO duality and firm performance: A systematic review and research agenda. European Management Review, 20(2), 346–358. https://doi.org/10.1111/emre.12522
  • Zhang, Y., & Wiersema, M. F. (2009). Stock market reaction to CEO certification: The signaling role of CEO background. Strategic Management Journal, 30(7), 693–710. https://doi.org/10.1002/smj.772
  • Zhong, B.-J., Gong, Y., Shenkar, O., Luo, Y., Xiao, Z., & Zhao, S. (2021). Managing the hearts of boundary spanners: CEO organizational identification and international joint venture performance. Asia Pacific Journal of Management, 40(1), 87–119. https://doi.org/10.1007/s10490-021-09780-y
  • Zor, U., Linder, S., & Endenich, C. (2019). CEO characteristics and budgeting practices in emerging market SMEs. Journal of Small Business Management, 57(2), 658–678. https://doi.org/10.1111/jsbm.12438
  • Zorn, M. L., DeGhetto, K., Ketchen Jr, D. J., & Combs, J. G. (2020). The impact of hiring directors’ choice-supportive bias and escalation of commitment on CEO compensation and dismissal following poor performance: A multimethod study. Strategic Management Journal, 41(2), 308–339. https://doi.org/10.1002/smj.3092

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.