Date of Award

Summer 2016

Document Type

Dissertation

Degree Name

Doctor of Philosophy (PhD)

Department

Management

Committee Director

William Q. Judge

Committee Member

Jing Zhang

Committee Member

Ryan L. Klinger

Committee Member

Mohammad Najand

Abstract

This is a two essay dissertation which explores how founder and non-founder CEOs influence the IPO process and seeks to better understand their impact on IPO performance in a cross-national set of firms. Essay 1 addresses the question ‘how founder and non-founder CEOs’ narratives are portrayed differently in business media.’ Using insights from the narrative paradigm and utilizing qualitative content analysis for 1,057 units of data, I find that founders and non-founders’ media narratives differ in three important ways based on the amount of personal information about founders, how founders talk about their business operations, and positive and negative name association.

Essay 2 addresses the related question of ‘how does national context influence the relationship between founder CEO presence and IPO long-run performance across multiple nations?’ Using insights from upper echelon theory and utilizing hierarchical linear modeling to analyze over 1,000 firms, I find that founder CEOs perform best in IPO firms in a national context where managerial discretion is low, uncertainty avoidance is high, and fewer firms have founders as CEO.

ISBN

9781369175769

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