CEO's self-oriented perfectionism, strategic decision comprehensiveness and firm resilience
ISSN: 0025-1747
Article publication date: 7 August 2023
Issue publication date: 7 November 2023
Abstract
Purpose
Firm resilience is critical for firm survival and development. The purpose of this study is to investigate whether chief executive officer's (CEO) self-oriented perfectionism affects firm resilience by taking into consideration of the mediating role of strategic decision comprehensiveness and the moderating effect of competitive uncertainty.
Design/methodology/approach
This study adopts the survey method and uses two-wave survey data collected from 140 CEOs in different industries in China. The ordinary least square (OLS) regression model and path analysis are adopted to test the authors' theoretical hypotheses.
Findings
The results show that self-oriented perfectionism drives CEOs to pay attention to thoroughness and detail, which helps enhance strategic decision comprehensiveness and further facilitates firm resilience. Furthermore, the positive effect of CEO's self-oriented perfectionism on strategic decision comprehensiveness is weakened when competitive uncertainty is high.
Practical implications
To promote firm resilience, self-oriented perfectionism can be considered when hiring or promoting key decision-makers. When making strategic decisions, top managers need to search for adequate information, consider various factors and seek more alternative plans to improve strategic decision comprehensiveness to further facilitate firm resilience.
Originality/value
This study pioneers the influence of CEO's perfectionism on firm resilience and further tackles the underlying mechanism behind the influence, which contributes to extending the micro-foundation of firm resilience and enriching perfectionism literature in the strategic leadership field.
Keywords
Acknowledgements
The authors gratefully acknowledge the support from the Youth Program of National Natural Science Foundation of China (Grant No. 72002127), Key Program of National Natural Science Foundation of China (Grant No. 72132005), and Major Program of National Social Science Foundation of China (Grant No. 21&ZD130).
Citation
Wang, Q., Wu, Q., Xie, L. and Zhang, X. (2023), "CEO's self-oriented perfectionism, strategic decision comprehensiveness and firm resilience", Management Decision, Vol. 61 No. 11, pp. 3343-3360. https://doi.org/10.1108/MD-12-2022-1656
Publisher
:Emerald Publishing Limited
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