Using meta-analytic structural equation modeling to advance strategic management research: Guidelines and an empirical illustration via the strategic leadership-performance relationship

This paper demonstrates how meta-analysis can be combined with structural equation modeling (MASEM) to address new questions in strategic management research. We review this integration, describe its implementation, and compare findings from bivariate meta-analyses, a direct-effect structural equati...

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Bibliographic Details
Published in:Strategic management journal Vol. 37; no. 3; pp. 477 - 497
Main Authors: Bergh, Donald D., Aguinis, Herman, Heavey, Ciaran, Ketchen, David J., Boyd, Brian K., Su, Peiran, Lau, Cubie L. L., Joo, Harry
Format: Journal Article
Language:English
Published: Chichester, UK John Wiley & Sons, Ltd 01.03.2016
John Wiley & Sons
Wiley Periodicals Inc
Wiley
Subjects:
boards of directors
Business administration
Directors
Guidelines
Humanities and Social Sciences
Leadership
Management
Management teams
Meta-analysis
Organizational effectiveness
Organizational performance
strategic leadership
Strategic management
Structural equation modeling
Top management
upper echelons
ISSN:0143-2095, 1097-0266
Online Access:Get full text
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Summary:This paper demonstrates how meta-analysis can be combined with structural equation modeling (MASEM) to address new questions in strategic management research. We review this integration, describe its implementation, and compare findings from bivariate meta-analyses, a direct-effect structural equations model, and two mediating frameworks using data on the strategic leadership and performance relationship. Results drawn from 208 articles that collectively included data on 495,638 observations demonstrate the new insights available from MASEM while also suggesting a revision to conventional thinking on strategic leadership. Whereas some theories posit that boards of directors influence firm performance through monitoring and disciplining the top management team, MASEM provides more support for the view that boards mediate the top management teams' decisions. Implications for applying MASEM in strategic management are offered.
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ISSN:0143-2095
1097-0266
DOI:10.1002/smj.2338