Relationship between CEO’s strategic human capital and dynamic capabilities: a meta-analysis

In this paper we study the association between Chief Executive Officers’ strategic human resource capital, dynamic managerial capabilities, and firms’ dynamic capabilities. This study identifies the Chief Executive Officer (CEO) variables reported in the literature, and estimates the correlation of each CEO variable with the dynamic capabilities. In addition, the moderator effect of the three types of dynamic capabilities is estimated. This paper applies a meta-analysis using structural equation modeling by means of the three-level random-effects model on 446 correlations, which account for 52,767 CEOs around the world. The findings show a positive correlation of CEO education (ρ = .113), CEO personality (ρ = .162), and leadership styles (ρ = .306) with dynamic capabilities. In addition, dynamic managerial capabilities totally mediate the relationship between education and dynamic capabilities and partially the relationship of CEO personality and leadership styles with dynamic capabilities.