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Management demography and corporate performance: Evidence from China

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  • Cheng, Louis T.W.
  • Chan, Ricky Y.K.
  • Leung, T.Y.

Abstract

Drawing on upper echelons theory, the resource-based view of the firm (RBV) and managerial networking theory, we hypothesize that management demography of chairpersons is important and reflects valuable resources of the firm. Our empirical examination of Chinese firms supports this hypothesis by showing that various management demographic characteristics (education level, titles, age and tenure) of chairpersons exert significant influences on corporate performance. These findings suggest that personal attributes of the chairperson are appropriate proxies of critical human resources and managerial networking competencies to conduct business, and are consequently related to superior corporate performance.

Suggested Citation

  • Cheng, Louis T.W. & Chan, Ricky Y.K. & Leung, T.Y., 2010. "Management demography and corporate performance: Evidence from China," International Business Review, Elsevier, vol. 19(3), pages 261-275, June.
  • Handle: RePEc:eee:iburev:v:19:y:2010:i:3:p:261-275
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    Cited by:

    1. Roth, Kendall & Kostova, Tatiana & Dakhli, Mourad, 2011. "Exploring cultural misfit: Causes and consequences," International Business Review, Elsevier, vol. 20(1), pages 15-26, February.
    2. Lin, Wen-Ting & Liu, Yunshi, 2012. "Successor characteristics, organisational slack, and change in the degree of firm internationalisation," International Business Review, Elsevier, pages 89-101.
    3. Hutzschenreuter, Thomas & Horstkotte, Julian, 2013. "Performance effects of international expansion processes: The moderating role of top management team experiences," International Business Review, Elsevier, pages 259-277.
    4. Ku Ismail, Ku Nor Izah & Abdul Manaf, Kamarul Bahrain, 2016. "Market reactions to the appointment of women to the boards of Malaysian firms," Journal of Multinational Financial Management, Elsevier, pages 75-88.
    5. Tatli, Ahu & Vassilopoulou, Joana & Özbilgin, Mustafa, 2013. "An unrequited affinity between talent shortages and untapped female potential: The relevance of gender quotas for talent management in high growth potential economies of the Asia Pacific region," International Business Review, Elsevier, pages 539-553.
    6. Lam, Kevin C.K. & McGuinness, Paul B. & Vieito, João Paulo, 2013. "CEO gender, executive compensation and firm performance in Chinese‐listed enterprises," Pacific-Basin Finance Journal, Elsevier, pages 1136-1159.
    7. Rivas, Jose Luis, 2012. "Diversity & internationalization: The case of boards and TMT's," International Business Review, Elsevier, pages 1-12.
    8. Talavera, Oleksandr & Yin, Shuxing & Zhang, Mao, 2016. "Managing the diversity: board age diversity, directors’ personal values, and bank performance," MPRA Paper 71927, University Library of Munich, Germany.
    9. Paul McGuinness & Kevin Lam & João Vieito, 2015. "Gender and other major board characteristics in China: Explaining corporate dividend policy and governance," Asia Pacific Journal of Management, Springer, pages 989-1038.
    10. Dauth, Tobias & Pronobis, Paul & Schmid, Stefan, 2017. "Exploring the link between internationalization of top management and accounting quality: The CFO’s international experience matters," International Business Review, Elsevier, pages 71-88.
    11. Cheng, Louis T.W. & Leung, T.Y., 2016. "Government protection, political connection and management turnover in China," International Review of Economics & Finance, Elsevier, vol. 45(C), pages 160-176.
    12. Schmid, Stefan & Dauth, Tobias, 2014. "Does internationalization make a difference? Stock market reaction to announcements of international top executive appointments," Journal of World Business, Elsevier, vol. 49(1), pages 63-77.
    13. Darmadi, Salim, 2010. "Board diversity and firm performance: the Indonesian evidence," MPRA Paper 38721, University Library of Munich, Germany.

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