企业管理系学术讲座（12月2日）

时间：2022年12月2日（周五） 14:00-16:00

地点：史带楼802室

主持人：李绪红教授

主题: Steering the Intangible Wheel: The Effect of CEOs on Corporate Cultural Change

主讲嘉宾：Guoli Chen

Professor, Mubadala Chair in Corporate Governance and Strategy at INSEAD

嘉宾简介：

Guoli Chen is a Professor of Strategy, Mubadala Chair in Corporate Governance and Strategy at INSEAD. Prof. Chen received his Ph.D. in strategic management from the Pennsylvania State University. His research focuses on the influence of top executives, boards of directors, and human capital on strategic choices and organizational outcomes, as well as the dynamics in CEO-board relationships and corporate governance. He is also interested in organizational growth, renewal, sustainability, and corporate development activities, such as M&As, IPOs, globalization and innovation. His work has been published in top academic journals including Administrative Science Quarterly, Academy of Management Journal, Management Science, Strategic Management Journal, and Organization Science among others. His articles and opinions also appear in newspapers and magazines, such as Barron’s, Bloomberg, Business Times, CFO, Channel News Asia, China Daily, Financial Times, Forbes, Harvard Business Review (online), Jakarta Post, South China Morning Post, Washington Post etc.

Prof. Chen served as various leadership positions at Corporate Strategy, Strategic Leadership and Governance division of Strategic Management Society, Research and Executive committee member for the Academy of Management’s STR division. He also served as a senior editor of Organization Science, Management and Organization Review, and contributing editor of Strategy Science. Guoli published several cases on Chinese companies, such as “Huawei’s smartphone strategy”, “Uber vs. Didi”, “Ant Financial and Tencent” and “TikTok”. His recent book “Seeing the Unseen: Behind Chinese Tech Giants' Global Venturing” (Wiley, 2022) studies how Chinese internet firms innovate and grow, what are the challenges they face in overseas markets, and how to solve the problems by analysing POP-Leadership (People, Organization and Product) issues. Prof. Chen has won the Strategic Management Society Emerging Scholar Award, and Singapore’s Most Influential Business Professors aged 40.

摘要：

We provide large-scale empirical evidence of the effect of leadership on changing corporate culture. Building upon prior literature on strategic leadership and culture research, we hypothesize that CEO succession is positively associated with corporate cultural change. Since corporate culture is embedded in the workforce, we further argue that CEOs’ effect on cultural change is strengthened by the movement of the organizational members (i.e., high top executive turnover and low employee mobility friction) and their positive perception of leadership (i.e., strong approval of the CEO). Using employee reviews to measure corporate cultural change during CEO succession events in S&P 1500 firms, our results support these hypotheses. The main results are robust in a subsample of predecessor death-driven successions and consistent with a difference-in-differences analysis in a matching sample. Leveraging text data of both earnings calls and employee reviews, we compare different methods of measuring culture. Overall, our study contributes to the literatures on strategic leadership and corporate culture by examining whether and how leaders affect corporate cultural change.