How Does CEO Cognitive Style and Board Characteristics Impact Strategic Risk‐Taking?

作者：X.-L. Tian, Lidong Wu · 发表于：Corporate Governance An International Review · 年份：2025 · DOI：10.1111/corg.12654 · 被引用次数：10 · 研究领域：Gender Diversity and Inequality、Job Satisfaction and Organizational Behavior、Corporate Finance and Governance

ABSTRACT Research Question/Issue This study portrays the different cognitive styles of CEOs to reveal their mechanisms of influence on corporate strategic risk‐taking, and further explores the moderating roles of board cognitive diversity and board expertise, so as to better understand the executive psychological processes of corporate strategic decision‐making and risk management. Research Findings/Insights The research indicates a negative effect of CEO analytic cognitive style on corporate strategic risk‐taking, and a positive effect of intuitive cognitive style. These relationships are moderated by board structure characteristics. Specifically, as board cognitive diversity increases, the negative effect of CEO analytic cognitive style on corporate strategic risk‐taking decreases, while the positive effect of intuitive cognitive style increases. Additionally, we find that board expertise strengthens the negative effect of analytic cognitive style on strategic risk‐taking and weakens the positive effect of intuitive cognitive style on strategic risk‐taking. Theoretical/Academic Implications We analyze the impact of CEO cognitive style on corporate strategic risk‐taking, extending the understanding of how executives' cognitive psychological traits influence corporate strategic decision‐making and enriching the literature on upper echelons theory, and providing new insights for research on corporate risk management. By integrating UET and RDT, we explore the moderating roles ...