CEO likeability: effects on analyst recommendations
James Van Scotter & Dustin Bluhm
What the paper says
Purpose This study introduces CEO likeability, distinguishes it from charisma and personality, and assesses its effect on analyst stock recommendations. Design/methodology/approach We define CEO likeability as an other-rated, positive valence attribution about the degree to which a CEO's characteristics and behaviors are considered pleasant or favorable. We assessed its effect on analyst recommendations with a sample of 75 CEOs and through the use of video-based assessment. Findings CEO likeability was a significant predictor of favorable analyst ratings (p < 0.001). Further, multilevel mediation analyses offer evidence that CEO likability mediates the relationships between CEO charisma and analyst recommendations and between CEO openness and analyst recommendations. Originality/value CEO likeability is a promising construct for strategic leadership research, and can be evaluated using a video-based behavioral assessment method.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.