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The Impact of Tom Management Team Heterogeneity on Corporate Performance - An Empirical Study Based on Chinese Listed Companies from 2008-2019

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  • Jianbin Wei
  • Yanzhao Zhang

Abstract

The study of TMT heterogeneity on corporate performance is a hot topic in corporate governance. However, the relationship between TMT heterogeneity and corporate performance is inconclusive, and there are fewer studies on TMT exogenous factors. Given this, this paper conducts a study using regression analysis based on the data of listed companies from 2008-2019 in the CSMAR database. The study finds that TMT functional background and educational heterogeneity have an "inverted U" effect on firm performance, and digital transformation has a positive effect on TMT heterogeneity. This study enriches the research on the impact of TMT heterogeneity on performance and explores the antecedent influences on heterogeneity. Based on the empirical results, we also propose management recommendations. Â JEL classification numbers: C12, D74.

Suggested Citation

  • Jianbin Wei & Yanzhao Zhang, 2023. "The Impact of Tom Management Team Heterogeneity on Corporate Performance - An Empirical Study Based on Chinese Listed Companies from 2008-2019," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 13(1), pages 1-4.
    • Handle: RePEc:spt:admaec:v:13:y:2023:i:1:f:13_1_4
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    References listed on IDEAS

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    1. Sara L. Keck, 1997. "Top Management Team Structure: Differential Effects by Environmental Context," Organization Science, INFORMS, vol. 8(2), pages 143-156, April.
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    3. Barbara S. Lawrence, 1997. "Perspective---The Black Box of Organizational Demography," Organization Science, INFORMS, vol. 8(1), pages 1-22, February.
    4. Tine Buyl & Christophe Boone & Walter Hendriks & Paul Matthyssens, 2011. "Top Management Team Functional Diversity and Firm Performance: The Moderating Role of CEO Characteristics," Journal of Management Studies, Wiley Blackwell, vol. 48(1), pages 151-177, January.
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    Cited by:

    1. Xiaoxu Zhang & Xinyu Du, 2023. "Industry and Regional Peer Effects in Corporate Digital Transformation: The Moderating Effects of TMT Characteristics," Sustainability, MDPI, vol. 15(7), pages 1-22, March.

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    More about this item

    Keywords

    TMT heterogeneity; Strategic management; Competition; Firm performance.;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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