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

Tomohiko Tanikawa · Yuhee Jung

34 citations0/0 files storedJournal of Leadership & Organizational Studies

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Gender Diversity and Inequality Team Dynamics and Performance

Abstract

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.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 34 citations exist upstream.

References

1986Research in Organizational Behavior.1984Upper Echelons: The Organization as a Reflection of Its Top Managers 2002Social Capital: Prospects for a New Concept 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1997TOWARD A STEWARDSHIP THEORY OF MANAGEMENT 1996Searching for Common Threads: Understanding the Multiple Effects of Diversity in Organizational Groups 2007What's the difference? diversity constructs as separation, variety, or disparity in organizations 1999Exploring the Black Box: An Analysis of Work Group Diversity, Conflict and Performance

Cited by

2023Does top management team diversity affect accounting quality? Empirical evidence from Germany 2020Divestiture strategy, CEO power and firm performance 2022Will companies take the initiative in green technology innovation? Empirical evidence from listed manufacturing companies in China

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.