Goodall, Amanda H., Kahn, Lawrence M. and Oswald, Andrew J. . (2011) Why do leaders matter? A study of expert knowledge in a superstar setting. Journal of Economic Behavior & Organization, Vol.77 (No.3). pp. 265-284. ISSN 0167-2681

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Abstract

This paper provides evidence of the importance of what might be termed 'expert leaders'. Although it is widely assumed that leaders affect the performance of their organizations, the complexity of this social-science research area has meant that comparatively little empirical progress has been made. We deliberately choose a narrow focus. We examine a high-skill setting in which there are accurate data on performance. We argue that an influential role is played by a leader's expert knowledge. A strong predictor of a leader's success in year T is that person's level of technical attainment, in the underlying activity, in approximately year T-20. Our data are on US professional basketball. The paper documents a correlation between brilliance as a player and the (much later) winning percentage and playoff success of that person as a team coach. The results suggest that leaders' effects on performance are substantial and are visible in the data within the first 12 months of a coach being hired. (C) 2010 Elsevier B.V. All rights reserved.

Item Type:	Journal Article
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Journal of Economic Behavior & Organization
Publisher:	Elsevier BV * North-Holland
ISSN:	0167-2681
Date:	March 2011
Volume:	Vol.77
Number:	No.3
Page Range:	pp. 265-284
Identification Number:	10.1016/j.jebo.2010.11.001
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
URI:	http://wrap.warwick.ac.uk/id/eprint/41772

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