CEO positive psychological traits, transformational leadership, and firm performance in high-technology start-up and established firms

Suzanne Peterson, Fred O. Walumbwa, Kristin Byron, Jason Myrowitz

Research output: Contribution to journalArticle

134 Scopus citations

Abstract

This study examines the relationships among positive psychological traits (hope, optimism, resiliency), transformational leadership, and firm performance in high-technology start-up (n = 49) and established firm (n = 56) contexts, using structural equation modeling. Results reveal that the positive psychological traits of CEOs positively relate to transformational leadership ratings. Furthermore, the extent to which leaders are rated as transformational fully mediates the relationship between the leaders' positive psychological traits and their firms' performance. Last, transformational leadership is more strongly related to firm performance in start-up than in established firms. Implications for theory and practice are discussed.

Original languageEnglish (US)
Pages (from-to)348-368
Number of pages21
JournalJournal of Management
Volume35
Issue number2
DOIs
StatePublished - 2009

Keywords

  • CEO traits
  • Firm performance
  • Positive psychology
  • Transformational leadership

ASJC Scopus subject areas

  • Finance
  • Strategy and Management

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