Socialization at the top—How CEOs and subordinates evolve interpersonal contracts

Research indicates trust in schools significantly relates to student achievement and trust in school leaders significantly relates to trust in schools. This study expands on the existing research by identifying behaviours principals display and teachers identify that correspond to antecedent conditions of trust, as identified in the research literature. Principal understandings are compared to teacher articulated thoughts in order to identify if shared understandings and interpretations of events are a component of trust in schools. Seventeen survey questions about trust were asked in 138 schools. Three high trust and three low trust schools were identified via deviation from the grand mean. Interview data related to a broad spectrum of school structures and daily events was gathered at the six identified schools from a randomly selected group of teachers and each school's principal. The interview data was coded using antecedent conditions of trust as the organizational units for analysis. Supporting previous research, this thesis finds teacher data identified the antecedent conditions that are described most frequently by teachers as being Competence, Consistency and Reliability, Openness and Respect. Principal data identified the antecedent conditions of trust as being similar, not identical. There are relevant differences described in elements within the antecedents between teachers and school leaders. Overall, the results confirm the findings of Bryk and Schneider and Tschannen-Moran, while adding detail to the understanding of what matters in trust when in-school educators reflect on issues of organizational life.iii Acknowledgements

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“…Gabarro (1979) There is negative comment, and only negative comment, from the principal in School Six.…”

Section: Integritymentioning

confidence: 99%

Why teachers trust school leaders

Handford

Leithwood

2013

Journal of Educational Administration

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“…Studies of executive succession indicate that succession can be viewed as a process (Farquhar, 1989;Friedman, 1987;Gabarro, 1979; Gilmore and…”

Section: Succession As a Processmentioning

confidence: 99%

Succession in Family Business: A Review of the Research

Handler

1994

Family Business Review

588

500

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“…Cable and Shane (1997) conclude that the cumulative effects of the dynamics of the relationship between entrepreneur and venture capitalist make information manipulation an attractive shortterm strategy for the entrepreneur. Information asymmetries are reduced over time as the entrepreneur-venture capitalist relationships develop (Sapienza 1989) and cooperation becomes more probable (Sapienza and Korsgaard 1996), and an interpersonal contract becomes established in the later stages of the relationship (Gabarro 1979). One possibility to deal with the information asymmetries that are present at the beginning of the entrepreneur-venture capitalist interaction is to base capital payout on performance goals.…”

Section: Staging In the Initial Investment Phasementioning

confidence: 97%

Performance differentiation: cutting losses and maximizing profits of private equity and venture capital investments

Lauterbach

Welpe

Fertig

2007

Fin Mkts Portfolio Mgmt

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Recent research has pointed out the need to differentiate between good versus poor performance of venture capital and private equity investments and to analyze the factors that determine the ‘winners’ and ‘losers’ of a fund. This study examines the different contractual and behavioral characteristics and their influence on the positive and negative performances of private equity investments. Specifically, we analyze how fund managers apply tools and investment behavior to mitigate risks and maximize returns. The empirical investigation of these questions is based on a merged dataset, which combines the Venture Economics and CEPRES databases. It includes a total of 1,011 investments made by 137 different funds that belong to 54 private equity and venture capital firms worldwide over the period from 1979 to 2003. Our results confirm that the reduction of losses and the maximization of investment profits have different antecedents. Although losses are minimized by the use of convertibles and by increasing the venture capital firms’ accumulated experience, profits are increased by the potential of the fund’s management to allocate resources to portfolio companies. Our findings contribute to the understanding of the determinants of venture capital and private equity returns by differentiating between the mitigation of risks and the maximization of profits. Copyright Swiss Society for Financial Market Research 2007Private equity, Venture capital, Staging, Risk, Return, Performance, Profit, Losses, G24, E51,

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Socialization at the top—How CEOs and subordinates evolve interpersonal contracts

Cited by 53 publications

References 1 publication

Why teachers trust school leaders

Why teachers trust school leaders

Succession in Family Business: A Review of the Research

Performance differentiation: cutting losses and maximizing profits of private equity and venture capital investments

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