When Does it Pay to Have a Chief Digital Officer?

Can Tihanyi, Alexander Toni Mohr, Christian Schumacher, Valentin Kiefner

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Abstract

We examine the circumstances in which having a Chief Digital Officer (CDO) increase firm performance. Drawing on upper echelons theory we argue that the effect of having a CDO on firm performance will vary with the attention that the firm’s Chief Executive Officer (CEO) and its board of directors (BOD) give to digital transformation. We suggest that both CEO’s and the BOD’s attention to digitalization influences the performance effect of having a CDO, because it (1) improves the CDO’s ability to drive and coordinate the digital transformation, and (2) it reduces the potential obstacles that the CDO confronts when digitally transforming the organization. We test our hypotheses using a newly created dataset containing information on 535 S&P 500 firms over the period 2010-2019. Our empirical support for the proposed contingent performance effect of having a CDO has implications for both practice and research.
Original languageEnglish
Title of host publicationProceedings of the Eighty-third Annual Meeting of the Academy of Management
EditorsSonia Taneja
Number of pages1
Place of PublicationBriarcliff Manor, NY
PublisherAcademy of Management
Publication date2023
DOIs
Publication statusPublished - 2023
EventThe Academy of Management Annual Meeting 2023: Putting the Worker Front and Center - Boston, United States
Duration: 4 Aug 20238 Aug 2023
Conference number: 83
https://aom.org/events/annual-meeting/future-annual-meetings/2023-putting-the-worker-front-and-center

Conference

ConferenceThe Academy of Management Annual Meeting 2023
Number83
Country/TerritoryUnited States
CityBoston
Period04/08/202308/08/2023
Internet address
SeriesAcademy of Management Annual Meeting Proceedings
ISSN0065-0668

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