Believing one's own press: the causes and consequences of CEO celebrity
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This article introduced the construct of CEO celebrity to explain how the tendency of journalists to attribute a firm's actions and outcomes to the volition of its CEO affects such a firm, and developed a model developed here, where journalists celebrated a CEO whose firm takes strategic actions that are distinctive and consistent by attributing such actions and performance to the firm's CEO.Abstract:
This theoretical article introduces the construct of CEO celebrity in order to explain how the tendency of journalists to attribute a firm's actions and outcomes to the volition of its CEO affects such firm. In the model developed here, journalists celebrate a CEO whose firm takes strategic actions that are distinctive and consistent by attributing such actions and performance to the firm's CEO. In so doing, journalists over-attribute a firm's actions and outcomes to the disposition of its CEO rather than to broader situational factors. A CEO who internalizes such celebrity will also tend to believe this over-attribution and become overconfident about the efficacy of her past actions and future abilities. Hubris arises when CEO overconfidence results in problematic firm decisions, including undue persistence with actions that produce celebrity. Copyright © 2004 John Wiley & Sons, Ltd.read more
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Bowling alone: The collapse and revival of American community
TL;DR: As an example of how the current "war on terrorism" could generate a durable civic renewal, Putnam points to the burst in civic practices that occurred during and after World War II, which he says "permanently marked" the generation that lived through it and had a "terrific effect on American public life over the last half-century."
Legitimacy in Organizational Institutionalism
TL;DR: A recent survey of the literature on legitimacy in organizational institutionalism can be found in this article, where the authors provide an overview of past theoretical and empirical research on legitimacy, including some basic suggestions on the dimensions, sources, and subjects of legitimacy, as well as on key legitimation processes, antecedents and consequences.
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A Hubris Theory of Entrepreneurship
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Celebrity Firms: The Social Construction Of Market Popularity
TL;DR: In this paper, the authors extend the concept of celebrity from the individual to the firm level of analysis and argue that the high level of public attention and the positive emotional responses that define celebrity increase the economic opportunities available to a firm.
References
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Bowling Alone: The Collapse and Revival of American Community
TL;DR: Putnam as mentioned in this paper showed that changes in work, family structure, age, suburban life, television, computers, women's roles and other factors are isolating Americans from each other in a trend whose reflection can clearly be seen in British society.
Journal ArticleDOI
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