排序方式: 共有78条查询结果,搜索用时 234 毫秒
31.
游春 《山西财经大学学报》2009,31(2)
文章以深圳中小企业板上市公司2005~2007年有关数据为样本,对中小企业板上市公司的董事会成员及高层管理团队(TMT)成员股权激励与绩效的相关关系进行了实证检验,对二者的激励效果进行了对比研究.研究结果表明,董事会及TMT成员的股权激励与绩效均呈现显著的正向相关关系,且对TMT的激励效果显著强于对董事会的激励效果,故企业应加大对TMT团队成员的激励,以提高激励效果.研究结果还显示,董事会及TMT股权激励与绩效均存在显著的四次相关关系,同时还求出了对董事会和TMT股权激励的持股比例的拐点. 相似文献
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Zeki Simsek 《战略管理杂志》2007,28(6):653-662
While CEO job tenure is seen as influencing firm performance, the intervening mechanisms that govern this influence have remained largely unexplored. Given that individuals in the firm most closely influenced by the CEO are members of the top management team (TMT), we focus on the CEO‐TMT interface as one important intervening mechanism. Specifically, our tested model suggests that CEO tenure indirectly influences performance through its direct influences on TMT risk‐taking propensity and the firm's pursuit of entrepreneurial initiatives. Results from structural equation modeling are consistent with this model and support its associated hypotheses. In the discussion, we trace the implications of our study for research and practice. Copyright © 2007 John Wiley & Sons, Ltd. 相似文献
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Utilizing the firm's resources: How TMT heterogeneity and resulting faultlines affect TMT tasks 下载免费PDF全文
While theory and evidence show that firms' competitive actions mediate the resource‐performance relationship, details of top managements' roles in shaping resource utilization choices have been underemphasized. We address this oversight by integrating top management team heterogeneity and any resulting faultline strength with the resource‐action‐performance model to investigate how TMT composition differentially affects the model's two linkages. Specifically, we argue that TMT heterogeneity positively affects the resource‐action linkage, yet negatively affects the action‐performance linkage. Moreover, when heterogeneity begets strong faultlines, all such positive effect is lost. Supportive evidence from the in‐vitro medical diagnostic substance manufacturing industry allows us to discuss how our findings contribute to upper echelons theory, as well as the emerging stream on resource utilization. Copyright © 2014 John Wiley & Sons, Ltd. 相似文献
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Top management conservatism and corporate risk strategies: Evidence from managers' personal political orientation and corporate tax avoidance 下载免费PDF全文
We investigate whether managers' personal political orientation helps explain tax avoidance at the firms they manage. Results reveal the intriguing finding that, on average, firms with top executives who lean toward the Republican Party actually engage in less tax avoidance than firms whose executives lean toward the Democratic Party. We also examine changes in tax avoidance around CEO turnovers and find corroborating evidence. Additionally, we find that political orientation is helpful in explaining top management team composition and CEO succession. Our paper extends theory and research by (1) illustrating how tax avoidance can serve as another measure of corporate risk taking and (2) using political orientation as a proxy for managerial conservatism, which is an ex ante measure of a manager's propensity toward risk. Copyright © 2014 John Wiley & Sons, Ltd. 相似文献
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信任与战略决策绩效:对中国家族企业高层管理团队的一个实证研究 总被引:1,自引:0,他引:1
大量文献讨论了我国私营企业中的“信任”问题;许多轶闻式的证据也表明,私营企业高层管理团队成员的彼此信任程度极大地影响了其绩效和成长。本文试图从高层管理团队的角度,探讨信任与企业战略决策绩效的关系,并揭示高层管理团队内信任的影响因素。通过实证研究发现,我国私营企业高层管理团队内的信任度与团队成员间的社会交往程度有非常密切的联系,同时,信任度直接影响了高管层的战略决策绩效。 相似文献
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本文基于高管团队的“高阶梯队理论”以及高管团队的特质性研究,分析探讨了企业高管团队的特质、行为整合、团队冲突及其与绩效之间的作用机制。同时,提出了高管团队行为整合、冲突与绩效的作用机制概念模型,为进一步展开实证研究提供了理论基础,也对企业高管团队的管理、培训与激励起到了借鉴作用。 相似文献
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本文以2001-2017年A股上市公司为研究样本,实证检验了高管团队内部治理对企业资本结构的影响。研究发现:当企业负债不足时,高管团队内部治理效应能够显著提高企业(尤其是非国有企业)的负债水平,降低企业实际资本结构与目标资本结构的偏离程度。这种高管团队内部治理效应在第一类委托代理问题比较严重以及非CEO高管监督动机较强的企业中更加显著。作用机制分析表明,高管团队内部治理效应能够通过降低第一类代理成本来降低企业资本结构与目标资本结构的偏离程度。本文的研究结论为改善我国上市公司治理提供了新的思路,对于优化企业融资结构、深化金融供给侧结构性改革具有一定的启示意义。 相似文献
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Yi-Long Jaw 《International Journal of Human Resource Management》2013,24(1):220-233
This study attempts resolution of certain ambiguities of the corporate elite – Chief Executive Officer (CEO) and Top Management Team (TMT) – effect on corporate internationalization strategy. This work hypothesized that curvilinear relationship exists between CEO position tenure, TMT size, and TMT tenure heterogeneity and a firm's internationalization, by combining previous upper echelon theory and processing international business school perspective. Our detailed empirical findings indicate that CEO and TMT characteristics show a nonlinear relationship, based on 165 samples of Taiwanese firms operating in a technologically intensive industry. An inverted U-shaped relationship exists between CEO position tenure and TMT size regarding a firm's internationalization. These associations are an inverted U-shape, when internationalization level facing TMT tenure heterogeneity is accounted for. 相似文献