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The Impact of Korean CEOs’ Political Orientation on Organizational Capacity: The Role of Entrepreneurial Orientation

류주한|차형석
한국전문경영인학회|2023.08|전문경영인연구 (Journal of CEO and Management Studies)|제26권 제2호|pp. 93-122

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참고문헌

키워드

Corporate Social Responsibility조직역량기업가적 지향성Analyst’s Target PriceCEO의 정치적 성향(보수주의와 진보주의)

초록

This study examines how Korean CEOs' political views affect their firm's organizational capacity, using entrepreneurial orientation as a mediator. Previous research has suggested that CEO political orientation can impact firm performance, but these studies focus mainly on American CEOs and use political donations to a specific political party as the indicator of their political orientation. To address the same issue in a different way, in this study, a survey method was employed to measure the political orientation of Korean CEOs, and then the mediating role of entrepreneurial orientation was tested. The findings are as follows: First, there was a non-significant effect of CEO's political orientation on organizational capacity, implying that the political orientation of the CEO, whether conservative or liberal, does not directly affect the firm's organizational capacity. Second, CEOs with more conservative political views tend to have higher levels of entrepreneurial orientation. Third, a higher entrepreneurial orientation in the firm tends to be linked with an increased organizational capability. Finally, considering the mediating role of entrepreneurial orientation in the link between CEO political orientation and organizational capacity, a significant mediating role was found. This indicates that while the CEO's political orientation does not directly affect organizational capacity, CEO political conservatism does so indirectly through its influence on entrepreneurial orientation.

Abstract

This study examines how Korean CEOs' political views affect their firm's organizational capacity, using entrepreneurial orientation as a mediator. Previous research has suggested that CEO political orientation can impact firm performance, but these studies focus mainly on American CEOs and use political donations to a specific political party as the indicator of their political orientation. To address the same issue in a different way, in this study, a survey method was employed to measure the political orientation of Korean CEOs, and then the mediating role of entrepreneurial orientation was tested. The findings are as follows: First, there was a non-significant effect of CEO's political orientation on organizational capacity, implying that the political orientation of the CEO, whether conservative or liberal, does not directly affect the firm's organizational capacity. Second, CEOs with more conservative political views tend to have higher levels of entrepreneurial orientation. Third, a higher entrepreneurial orientation in the firm tends to be linked with an increased organizational capability. Finally, considering the mediating role of entrepreneurial orientation in the link between CEO political orientation and organizational capacity, a significant mediating role was found. This indicates that while the CEO's political orientation does not directly affect organizational capacity, CEO political conservatism does so indirectly through its influence on entrepreneurial orientation.

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