Just Words? Just Speeches? – On the Economic Effects of Charismatic Leadership
Details
Serval ID
serval:BIB_8F916227C7B3
Type
Report: a report published by a school or other institution, usually numbered within a series.
Publication sub-type
Working paper: Working papers contain results presented by the author. Working papers aim to stimulate discussions between scientists with interested parties, they can also be the basis to publish articles in specialized journals
Collection
Publications
Institution
Title
Just Words? Just Speeches? – On the Economic Effects of Charismatic Leadership
Institution details
HEC Lausanne
Address
Lausanne, Switzerland
Issued date
2015
Language
english
Abstract
Despite the importance attributed to leadership in many economic, organizational and political contexts, the topic has received little attention in the economic discipline. In other fields, however, extensive research documents important characteristics of effective leaders, including the ability to influence followers through" charismatic" communication. We report a field experiment that examines whether charisma—in the form of a stylistically different motivation speech—can induce costly effort among workers, and therefore generate higher output for a firm. In our experiment temporary workers have to prepare envelopes for a fundraising campaign conducted on behalf of a hospital. Workers are exposed to speeches that differ in the number of charismatic elements, as well as to varying financial incentives. We observe that workers who are given a charismatic speech increase their output on average by about 17% relative to the workers who listen to the standard speech. This performance effect of charisma is statistically significant and comparable in size to the positive effect of performance pay.
Keywords
Field experiment, charisma, work perform ance, incentives, leadership
Create date
19/10/2017 13:48
Last modification date
20/08/2019 14:53