Abstract
Abstract This study examines the relationship between CEO entrepreneurial orientation and the magnitude of strategic change initiated by the firm. Based on the upper echelons perspective and the attention-based view, this study proposes that CEO entrepreneurial orientation affects a firm’s overall magnitude of strategic change. In addition, the relationship between CEO entrepreneurial orientation and strategic change is strengthened when the environmental discretion or the firm’s financial slack is relatively high, as well as when the CEO is the chair of the board. The results on analyzing 1452 observations from S&P 500 firms collected for an 18-year period support our hypotheses.
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