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| Tekijä: | Flynn, J.F. Staw, B.M. |
| Otsikko: | Lend me your wallets: the effect of charismatic leadership on external support for an organization |
| Lehti: | Strategic Management Journal
2004 : APR, VOL. 25:4, p. 309-330 |
| Asiasana: | Leadership |
| Vapaa asiasana: | Charisma |
| Kieli: | eng |
| Tiivistelmä: | It is argued in this paper that charismatic leadership can influence external support for the organization, particularly in making the company more attractive to outside investors. Two studies were conducted to test this general hypothesis. First, an archival study demonstrated that the stock of companies headed by charismatic leaders appreciated more than the stock of comparable companies, even after differences in corporate performance were controlled. Second, an experiment was conducted in which the salience of charismatic leadership was manipulated, along with information about the prospects for an organization's turnaround. Results indicated that appeals from a charismatic leader led to increased investment in the company, and the leader's influence was greater when the prospects for an organizational turnaround were more difficult. |
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