CEO Power and Top Management Team Tenure Diversity: Implications for Firm Performance

Tomohiko Tanikawa*, Yuhee Jung

*この研究の対応する著者

研究成果: Article査読

4 被引用数 (Scopus)

抄録

Using agency theory, we explore how the CEO (as principal) and the top management team (TMT) members (as agents) interactively influence the performance of a firm. By adding performance feedback theory into agency relations, we investigate whether the interactive effect of CEO–TMT relations on firm performance differs when past firm performance is either poor or strong. Using a sample of 115 Japanese firms, our results show that the interactive effect of CEO power and TMT tenure diversity on firm performance is positive in a situation of poor past firm performance. However, in a situation of strong past firm performance, the opposite result is found. These findings imply that CEO power might play a significant role in enhancing the effectiveness of TMT diversity on firm performance when past firm performance is poor.

本文言語English
ページ(範囲)256-272
ページ数17
ジャーナルJournal of Leadership and Organizational Studies
26
2
DOI
出版ステータスPublished - 2019 5 1
外部発表はい

ASJC Scopus subject areas

  • ビジネスおよび国際経営
  • 社会学および政治科学
  • 戦略と経営
  • 組織的行動および人的資源管理
  • 経営科学およびオペレーションズ リサーチ

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