The management of information technology, governance, and managerial characteristics

Abstract. Using a sample of Fortune 500 industrial firms, this study hypothesizes that various infra-organizational factors, including those commonly associated with agency, governance and managerial characteristics of the firm, that affect the decision to create a top management executive position for a chief information officer (CIO). Statistically meaningful relationships were observed between the creation of a top executive CIO position and (1) top management's equity interests, (2) the number of outside directors on the board, (3) Chief Executive Officer (CEO) age, and (4) CEO Experience.