科技管理研究
科技管理研究
과기관리연구
SCIENCE AND TECHNOLOGY MANAGEMENT RESEARCH
2015年
11期
147-153
,共7页
高管团队%异质性%企业绩效%管理自主权
高管糰隊%異質性%企業績效%管理自主權
고관단대%이질성%기업적효%관리자주권
top management team%heterogeneity%enterprise performance%managerial discretion
高管团队在当今企业战略决策和实施过程中扮演着关键角色，高管团队构成（异质性）无疑会影响企业的生存与发展。基于我国中小上市公司的年报数据，研究高管团队异质性与企业绩效的关系，以及管理自主权对这两者关系的调节效应。研究结果显示，高管团队年龄异质性、任期异质性、职业背景异质性越高，企业绩效表现越差；另外，管理自主权对高管团队异质性与企业绩效之间的关系具有显著调节作用。
高管糰隊在噹今企業戰略決策和實施過程中扮縯著關鍵角色，高管糰隊構成（異質性）無疑會影響企業的生存與髮展。基于我國中小上市公司的年報數據，研究高管糰隊異質性與企業績效的關繫，以及管理自主權對這兩者關繫的調節效應。研究結果顯示，高管糰隊年齡異質性、任期異質性、職業揹景異質性越高，企業績效錶現越差；另外，管理自主權對高管糰隊異質性與企業績效之間的關繫具有顯著調節作用。
고관단대재당금기업전략결책화실시과정중분연착관건각색，고관단대구성（이질성）무의회영향기업적생존여발전。기우아국중소상시공사적년보수거，연구고관단대이질성여기업적효적관계，이급관리자주권대저량자관계적조절효응。연구결과현시，고관단대년령이질성、임기이질성、직업배경이질성월고，기업적효표현월차；령외，관리자주권대고관단대이질성여기업적효지간적관계구유현저조절작용。
Top management team plays a key role in the process of the enterprise strategic decision making and implemen-tation,and the executive team structure (heterogeneity)will affect the survival and development of enterprises.Based on the annual data of China's small and medium -sized listed companies in China,this paper explores the relationship between top management team heterogeneity and enterprise performance,and the mediating role of managerial discretion in the rela-tionship between top management team heterogeneity and enterprise performance.The empirical results indicate that the higher degree of age heterogeneity,term heterogeneity,occupation background heterogeneity in top management team,the worse enterprise performance will be.In addition,the managerial discretion plays the moderating role in the relationship between top management team heterogeneity and enterprise performance.
