Alliance Partner Choice and CEOs’ Facial Structure

Ribuga Kang, Jingoo Kang, Andy Y.Han Kim, Yoonhee Choi

    Research output: Contribution to journalArticlepeer-review

    Abstract

    We examine how CEOs’ facial width-to-height ratio relates to their firm's alliance partner choice. Using a sample of 2627 alliances of 184 US firms in high-technology industries between 1993 and 2020, we find that firms led by CEOs with a greater facial width-to-height ratio are more likely to ally with new and unfamiliar partners. This tendency is more pronounced when the partner firm is larger or more central in the alliance network than the focal firm. We also find that this tendency is strengthened when the focal firm's performance is below aspirations. Our findings suggest that wider-faced CEOs are more inclined to take risks and seek status in their alliance partner choice. Our paper bridges upper echelons theory and strategic alliance literature by examining the role of an important but understudied physical attribute of executives in the context of strategic alliances.

    Original languageEnglish (US)
    Pages (from-to)284-302
    Number of pages19
    JournalBritish Journal of Management
    Volume36
    Issue number1
    DOIs
    StatePublished - Jan 2025

    ASJC Scopus subject areas

    • General Business, Management and Accounting
    • Strategy and Management
    • Management of Technology and Innovation

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