In charisma we trust: The effects of CEO charismatic visions on securities analysts

Angelo Fanelli; Vilmos F. Misangyi; Henry L. Tosi

doi:10.1287/orsc.1080.0407

In charisma we trust: The effects of CEO charismatic visions on securities analysts

Angelo Fanelli, Vilmos F. Misangyi, Henry L. Tosi

Management and Organization

Research output: Contribution to journal › Article › peer-review

108 Scopus citations

Abstract

Using a thematic text analysis of the initial letters to shareholders following a CEOsuccession event, we analyze whether CEOcharismatic visions portrayed in this organizational discourse influence securities analysts' recommendations and forecasts. The results suggest that such projections of CEOcharismatic visions are associated with the favorability of individual analyst recommendations and the uniformity of recommendations across analysts, but they also appear to be positively related to errors in individual analysts' forecasting of future firm performance.

Original language	English (US)
Pages (from-to)	1011-1033
Number of pages	23
Journal	Organization Science
Volume	20
Issue number	6
DOIs	https://doi.org/10.1287/orsc.1080.0407
State	Published - Nov 2009

All Science Journal Classification (ASJC) codes

Strategy and Management
Organizational Behavior and Human Resource Management
Management of Technology and Innovation

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abstract = "Using a thematic text analysis of the initial letters to shareholders following a CEOsuccession event, we analyze whether CEOcharismatic visions portrayed in this organizational discourse influence securities analysts' recommendations and forecasts. The results suggest that such projections of CEOcharismatic visions are associated with the favorability of individual analyst recommendations and the uniformity of recommendations across analysts, but they also appear to be positively related to errors in individual analysts' forecasting of future firm performance.",

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In charisma we trust: The effects of CEO charismatic visions on securities analysts

Abstract

All Science Journal Classification (ASJC) codes

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