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Conquerors Or Cost-Cutters? The Influence Of Ceo Power On Corporate Restructuring And Aggressive Strategic Behavior, Ana M. Sariol

Theses and Dissertations

How do dominant (powerful) Chief Executive Officers (CEOs) influence corporate strategic behavior? Do they disproportionately focus on restructuring (cost-cutting or efficiency-enhancing) strategies in an attempt to run an efficient business? Alternatively, do they instead pursue aggressive (domain-creating) corporate strategies (i.e. engage in "empire-building") that not only expand the scope of the firm but also their personal influence? Current research evidence in the corporate governance literature is ambiguous when it comes to the relationship between CEO power and the choice of conservative vs. aggressive corporate strategies. Most studies in the literature use a piece meal approach and examine the influence of …