CEO career horizon influence strategic novelty of a firm: A study under the boundary condition of CEO's temporal focus

Abstract The paper examines the relationship between CEO career horizon and strategic novelty under boundary conditions of CEOs' temporal focus for firms in one emerging markets. Upper echelons theory predicts that risk aggressiveness decreases with diminishing horizons. Therefore, CEOs nearing retirement are less likely to make novel investments. We assert influences outcomes, especially aggressive outcomes contingent on perspective, i.e., past future focus. test hypotheses using archival data from 285 listed India. findings support by showing carrier positively dynamism distinctiveness, two dimensions novelty. results also suggest enhances negative influence decreasing horizons distinctiveness. Future focus, contrary, diminishes contribute understanding joint role time static trait CEOs, time-varying trait,