“…Third, research shows that CEO advice seeking has consequences for firm performance , such as firm survival (e.g., Chatterji, Delecourt, Hasan, & Koning, 2019), sales growth (e.g., Ashford, Wellman, Sully de Luque, De Stobbeleir, & Wollan, 2018), or profitability and market value (e.g., Westphal, 1999). Empirical evidence suggests that the performance effect of advice depends on the alignment between the information requirement of the firm’s strategy and the CEO’s advice contacts (Acquaah, 2007; Geletkanycz & Hambrick, 1997; Yoo et al, 2009).…”