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題名 A Sensemaking Model of Investor Reactions to CEO Achievement Expression
作者 何乾瑋
Li, Andrew;Chiu, Sana;Kong, Dejun Tony;Cropanzano, Russell;Ho, Chien-Wei
貢獻者 國貿系
關鍵詞 mortality salience; executive communication; investor reactions; sensemaking
日期 2026-04
上傳時間 26-May-2026 13:15:22 (UTC+8)
摘要 Prior research on investor reactions to CEO communication tends to focus on one linguistic cue at a time. Even when multiple cues are considered, they are often examined in an additive fashion as if they were independent from one another. Integrating sensemaking theory and research with terror management theory, we develop a sensemaking model that posits that investors do not react to routine cues from CEOs, such as achievement expression, in isolation. Instead, their reactions are moderated by nonroutine cues such as CEOs’ use of death-related words that trigger mortality salience. Under high mortality salience, CEO achievement expression indirectly enhances investors’ perceptions of firm investment attractiveness through agentic leader stereotypes and perceived leader competence. Two experiments with investors (Studies 1 and 2) and a panel study of U.S. S&P 500 firms (Study 3) support our model, showing that CEO achievement expression elicits stronger, more positive investor reactions under high mortality salience.
關聯 Journal of Management, pp.1-31
資料類型 article
DOI https://doi.org/10.1177/01492063261436831
dc.contributor 國貿系
dc.creator (作者) 何乾瑋
dc.creator (作者) Li, Andrew;Chiu, Sana;Kong, Dejun Tony;Cropanzano, Russell;Ho, Chien-Wei
dc.date (日期) 2026-04
dc.date.accessioned 26-May-2026 13:15:22 (UTC+8)-
dc.date.available 26-May-2026 13:15:22 (UTC+8)-
dc.date.issued (上傳時間) 26-May-2026 13:15:22 (UTC+8)-
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=182672-
dc.description.abstract (摘要) Prior research on investor reactions to CEO communication tends to focus on one linguistic cue at a time. Even when multiple cues are considered, they are often examined in an additive fashion as if they were independent from one another. Integrating sensemaking theory and research with terror management theory, we develop a sensemaking model that posits that investors do not react to routine cues from CEOs, such as achievement expression, in isolation. Instead, their reactions are moderated by nonroutine cues such as CEOs’ use of death-related words that trigger mortality salience. Under high mortality salience, CEO achievement expression indirectly enhances investors’ perceptions of firm investment attractiveness through agentic leader stereotypes and perceived leader competence. Two experiments with investors (Studies 1 and 2) and a panel study of U.S. S&P 500 firms (Study 3) support our model, showing that CEO achievement expression elicits stronger, more positive investor reactions under high mortality salience.
dc.format.extent 105 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Journal of Management, pp.1-31
dc.subject (關鍵詞) mortality salience; executive communication; investor reactions; sensemaking
dc.title (題名) A Sensemaking Model of Investor Reactions to CEO Achievement Expression
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1177/01492063261436831
dc.doi.uri (DOI) https://doi.org/10.1177/01492063261436831