Üst Düzey Yöneticilerin Kariyer Faktörleri ve Firma Performansı: Üst Kademe Yaklaşımı Çerçevesinde Bir PLS-SEM İncelemesi
Year 2025,
Volume: 1 Issue: 2, 137 - 152, 31.12.2025
Serkan Bünyamin Çelikten
,
Hüseyin Yener
Abstract
Bu çalışma, Üst Kademe Teorisi çerçevesinde üst düzey yöneticilerin kariyerle ilişkili özelliklerinin şirket performansının farklı boyutlarına nasıl yansıdığını incelemektedir. Araştırma, Türkiye’de üst düzey yöneticilere uygulanan kesitsel bir anket verisine (n=345) dayanmakta ve ilişkileri PLS-SEM ile analiz etmektedir. Bulgular, yönetsel özelliklerin performansın tek bir alanına değil, farklı alanlarına farklı kanallarla etki ettiğine işaret etmektedir: liderlik yeterliği daha iyi operasyonel sonuçlarla; kişilik/girişimcilik yönelimi daha yüksek inovasyon kapasitesiyle; profesyonel ağlar pazarla ilişkili performansla; karar verme yeterliği kriz yönetimi ve sürdürülebilirlik çıktılarıyla; stratejik vizyon ise uzun vadeli finansal performansla ilişkilidir. Eğitim ve deneyim düzeyi de stratejik kararların doğruluğu ve etkinliğiyle bağlantılı görünmektedir. Ayrıca çocukluk dönemindeki olumlu girdilerin (spor, kitap okuma, sanat gibi) ileriki yönetimsel yeterliklerle olumlu ilişkisi varken, çocukluk travmalarının genel olarak “faydaya dönüşen” bir etkisi desteklenmemiştir. Bu çerçevede çalışma, yönetici seçimi ve geliştirme süreçlerinde karar kalitesi, liderlik, girişimcilik yönelimi, ağlar ve vizyon gibi kaldıraç noktalarına odaklanılabileceğini göstermektedir.
Ethical Statement
Etik Kurul karar no : 2024/22-05
Karar Tarihi : 28.11.2024
Supporting Institution
Maltepe Üniversitesi
References
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Aras, G., Aybars, A., & Kutlu, O. (2010). Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging markets. International Journal of Productivity and Performance Management, 59(3), pp. 229-254.
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Bernstein, D. P., & Fink, L. (1998). Childhood Trauma Questionnaire: A Retrospective Self-Report. The Psychological Corporation.
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Blichfeldt, H., & Faullant, R. (2021). Performance effects of digital technology adoption and product & service innovation–A process-industry perspective. Technovation, 105, 102275.
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Bruine de Bruin, W., Parker, A. M., & Fischhoff, B. (2007). Individual differences in adult decision-making competence. Journal of Personality and Social Psychology, 92(5), pp. 938-956. DOI: https://doi.org/10.1037/0022-3514.92.5.938
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Burt, R. S. (1992). Structural Holes: The Social Structure of Competition. Harvard University Press.
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Caliendo, M., Fossen, F. M., & Kritikos, A. S. (2009). Risk attitudes of nascent entrepreneurs: New evidence from an experimentally-validated survey. Small Business Economics, 32(2), pp. 153-167.
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Clampitt, P. G., & Downs, C. W. (1993). Employee perceptions of the relationship between communication and productivity: A field study. Journal of Business Communication, 30(1), pp. 5-28.
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Connor, K. M., & Davidson, J. R. (2003). Development of a new resilience scale: The Connor-Davidson Resilience Scale (CD-RISC). Depression and Anxiety, 18(2), pp. 76-82. DOI: https://doi.org/10.1002/da.10113
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Duckworth, A. L., & Quinn, P. D. (2009). Development and validation of the Short Grit Scale (GRIT–S). Journal of Personality Assessment, 91(2), pp. 166-174.
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Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), pp. 39-50.
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Frederick, S. (2005). Cognitive reflection and decision making. Journal of Economic Perspectives, 19(4), pp. 25-42.
-
Garcia‐Blandon, J., Argilés‐Bosch, J. M., & Ravenda, D. (2024). Leveraging stakeholder engagement for market value growth: Empirical evidence on sustainable development leadership in Europe. Sustainable Development, 32(1), pp. 336-347.
-
Graham, J. R., & Harvey, C. R. (2001). The theory and practice of corporate finance: Evidence from the field. Journal of Financial Economics, 60(2-3), pp. 187-243.
-
Greenhaus, J. H., Parasuraman, S., & Wormley, W. M. (1990). Effects of race on organizational experiences, job performance evaluations, and career outcomes. Academy of Management Journal, 33(1), pp. 64-86.
-
Guenther, P., Guenther, M., Ringle, C. M., Zaefarian, G., & Cartwright, S. (2023). Improving PLS-SEM use for business marketing research. Industrial Marketing Management, 111, pp. 127-142.
-
Gunasekarage, A., Luong, H., & Truong, T. T. (2020). Growth and market share matrix, CEO power, and firm performance. Pacific-Basin Finance Journal, 59, 101257.
-
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), pp. 2-24.
-
Hair, J., & Alamer, A. (2022). Partial Least Squares Structural Equation Modeling (PLS-SEM) in second language and education research: Guidelines using an applied example. Research Methods in Applied Linguistics, 1(3), 100027.
-
Hambrick, D. C. (2007). Upper echelons theory: An update. Academy of Management Review, 32(2), pp. 334-343. DOI: https://doi.org/10.5465/amr.2007.24345254
-
Handoyo, S., Setiawan, A., & Raharjo, M. (2023). Strategic alignment, operational efficiency, and ownership structure: Evidence from Indonesian manufacturing firms. Journal of Manufacturing Technology Management, 34(4), 789-806. DOI: https://doi.org/10.1108/JMTM-06-2022-0167
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Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of The Academy of Marketing Science, 43(1), pp. 115-135.
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Judge, T. A., Cable, D. M., Boudreau, J. W., & Bretz Jr, R. D. (1995). An empirical investigation of the predictors of executive career success. Personnel Psychology, 48(3), pp. 485-519.
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Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
-
Kouzes, J. M., & Posner, B. Z. (2003). The Leadership Practices Inventory (LPI): Psychometric properties. Leadership Quarterly, 14(2), pp. 133-142.
-
Leithwood, K., & Jantzi, D. (2005). A review of transformational school leadership research 1996–2005. Leadership and Policy in Schools, 4(3), pp. 177-199.
-
Lin, B., & Xie, Y. (2023). Does digital transformation improve the operational efficiency of Chinese power enterprises?. Utilities Policy, 82, 101542.
-
Liu, Z., Venkatesh, S., Murphy, S. E., & Riggio, R. E. (2021). Leader development across the lifespan: A dynamic experiences-grounded approach. The Leadership Quarterly, 32(5), 101382.
-
Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1), pp. 135-172.
-
Madi-Odeh, R. B., & Obeidat, B. Y. (2023). Do Organisations Reflect Their Upper Echelons While Responding To Disruptive Innovation?. International Journal of Innovation Management, 27(01n02), 2350008.
-
Schilling, M. A. (2013). Strategic Management of Technological Innovation. McGraw-Hill Education.
-
Schmidt, F. L., Hunter, J. E., & Outerbridge, A. N. (1986). Impact of job experience and ability on job knowledge, work sample performance, and supervisory ratings of job performance. Journal of Applied Psychology, 71(3), pp. 432-439.
-
Sternberg, R. J., & Lubart, T. I. (1996). Investing in creativity. American Psychologist, 51(7), pp. 677-688.
-
Visser, W., & Courtice, P. (2011). Sustainability leadership: Linking theory and practice. SSRN Electronic Journal. DOI: https://doi.org/10.2139/ssrn.1947221
Senior Executives’ Career Factors and Firm Performance: A PLS-SEM Examination within the Upper Echelons Perspective
Year 2025,
Volume: 1 Issue: 2, 137 - 152, 31.12.2025
Serkan Bünyamin Çelikten
,
Hüseyin Yener
Abstract
This study explores how senior executives’ career-related characteristics are reflected in firm performance through the lens of Upper Echelons Theory. It uses a cross-sectional survey of senior executives in Türkiye (n=345) and analyzes the relationships with PLS-SEM. The results suggest that different executive strengths tend to connect to different performance outcomes. Leadership capability is associated with better operational results, while personality and entrepreneurial orientation align with stronger innovation capacity. Professional networks relate to market-facing performance, and decision competence is linked with crisis management and sustainability outcomes. Strategic vision connects to long-run financial performance, and education plus experience are associated with more accurate and effective strategic decisions. The study also highlights that positive early-life inputs (such as sustained engagement in sports, reading, and arts) are related to later managerial competence, whereas a general. Overall, the findings indicate practical leverage points for firms in executive selection and development-especially around decision quality, leadership, innovation orientation, networks, and strategic vision.
Ethical Statement
Ethics Committee decision number : 2024/22-05
Decision Date : 28.11.2024
Supporting Institution
Maltepe University
References
-
Aras, G., Aybars, A., & Kutlu, O. (2010). Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging markets. International Journal of Productivity and Performance Management, 59(3), pp. 229-254.
-
Bernstein, D. P., & Fink, L. (1998). Childhood Trauma Questionnaire: A Retrospective Self-Report. The Psychological Corporation.
-
Blichfeldt, H., & Faullant, R. (2021). Performance effects of digital technology adoption and product & service innovation–A process-industry perspective. Technovation, 105, 102275.
-
Bruine de Bruin, W., Parker, A. M., & Fischhoff, B. (2007). Individual differences in adult decision-making competence. Journal of Personality and Social Psychology, 92(5), pp. 938-956. DOI: https://doi.org/10.1037/0022-3514.92.5.938
-
Burt, R. S. (1992). Structural Holes: The Social Structure of Competition. Harvard University Press.
-
Caliendo, M., Fossen, F. M., & Kritikos, A. S. (2009). Risk attitudes of nascent entrepreneurs: New evidence from an experimentally-validated survey. Small Business Economics, 32(2), pp. 153-167.
-
Clampitt, P. G., & Downs, C. W. (1993). Employee perceptions of the relationship between communication and productivity: A field study. Journal of Business Communication, 30(1), pp. 5-28.
-
Connor, K. M., & Davidson, J. R. (2003). Development of a new resilience scale: The Connor-Davidson Resilience Scale (CD-RISC). Depression and Anxiety, 18(2), pp. 76-82. DOI: https://doi.org/10.1002/da.10113
-
Duckworth, A. L., & Quinn, P. D. (2009). Development and validation of the Short Grit Scale (GRIT–S). Journal of Personality Assessment, 91(2), pp. 166-174.
-
Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), pp. 39-50.
-
Frederick, S. (2005). Cognitive reflection and decision making. Journal of Economic Perspectives, 19(4), pp. 25-42.
-
Garcia‐Blandon, J., Argilés‐Bosch, J. M., & Ravenda, D. (2024). Leveraging stakeholder engagement for market value growth: Empirical evidence on sustainable development leadership in Europe. Sustainable Development, 32(1), pp. 336-347.
-
Graham, J. R., & Harvey, C. R. (2001). The theory and practice of corporate finance: Evidence from the field. Journal of Financial Economics, 60(2-3), pp. 187-243.
-
Greenhaus, J. H., Parasuraman, S., & Wormley, W. M. (1990). Effects of race on organizational experiences, job performance evaluations, and career outcomes. Academy of Management Journal, 33(1), pp. 64-86.
-
Guenther, P., Guenther, M., Ringle, C. M., Zaefarian, G., & Cartwright, S. (2023). Improving PLS-SEM use for business marketing research. Industrial Marketing Management, 111, pp. 127-142.
-
Gunasekarage, A., Luong, H., & Truong, T. T. (2020). Growth and market share matrix, CEO power, and firm performance. Pacific-Basin Finance Journal, 59, 101257.
-
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), pp. 2-24.
-
Hair, J., & Alamer, A. (2022). Partial Least Squares Structural Equation Modeling (PLS-SEM) in second language and education research: Guidelines using an applied example. Research Methods in Applied Linguistics, 1(3), 100027.
-
Hambrick, D. C. (2007). Upper echelons theory: An update. Academy of Management Review, 32(2), pp. 334-343. DOI: https://doi.org/10.5465/amr.2007.24345254
-
Handoyo, S., Setiawan, A., & Raharjo, M. (2023). Strategic alignment, operational efficiency, and ownership structure: Evidence from Indonesian manufacturing firms. Journal of Manufacturing Technology Management, 34(4), 789-806. DOI: https://doi.org/10.1108/JMTM-06-2022-0167
-
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of The Academy of Marketing Science, 43(1), pp. 115-135.
-
Judge, T. A., Cable, D. M., Boudreau, J. W., & Bretz Jr, R. D. (1995). An empirical investigation of the predictors of executive career success. Personnel Psychology, 48(3), pp. 485-519.
-
Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
-
Kouzes, J. M., & Posner, B. Z. (2003). The Leadership Practices Inventory (LPI): Psychometric properties. Leadership Quarterly, 14(2), pp. 133-142.
-
Leithwood, K., & Jantzi, D. (2005). A review of transformational school leadership research 1996–2005. Leadership and Policy in Schools, 4(3), pp. 177-199.
-
Lin, B., & Xie, Y. (2023). Does digital transformation improve the operational efficiency of Chinese power enterprises?. Utilities Policy, 82, 101542.
-
Liu, Z., Venkatesh, S., Murphy, S. E., & Riggio, R. E. (2021). Leader development across the lifespan: A dynamic experiences-grounded approach. The Leadership Quarterly, 32(5), 101382.
-
Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1), pp. 135-172.
-
Madi-Odeh, R. B., & Obeidat, B. Y. (2023). Do Organisations Reflect Their Upper Echelons While Responding To Disruptive Innovation?. International Journal of Innovation Management, 27(01n02), 2350008.
-
Schilling, M. A. (2013). Strategic Management of Technological Innovation. McGraw-Hill Education.
-
Schmidt, F. L., Hunter, J. E., & Outerbridge, A. N. (1986). Impact of job experience and ability on job knowledge, work sample performance, and supervisory ratings of job performance. Journal of Applied Psychology, 71(3), pp. 432-439.
-
Sternberg, R. J., & Lubart, T. I. (1996). Investing in creativity. American Psychologist, 51(7), pp. 677-688.
-
Visser, W., & Courtice, P. (2011). Sustainability leadership: Linking theory and practice. SSRN Electronic Journal. DOI: https://doi.org/10.2139/ssrn.1947221