Characteristics of New CEO and Improvement of Corporate Performance: the Moderating Effect of TMT Heterogeneity --Based on Empirical Data of Mechanical Listed Company

摘要：

　　This study, with Upper Echelons Theory as the theoretical basis and 105 listed mechanical companies that experienced change of CEO between 2005 and 2009 as the objects of study, conducts empirical study on relationships between new CEOs and top management team (TMT) heterogeneity and improvementof corporate performance.It is shown that new CEOs educational levels and improvement of corporate performance are negatively related;and that both TMT age heterogeneity and tenure heterogeneity have a negative moderating effect on the relationship between new CEOs educational and professional backgrounds and enhancement of corporate performance, while TMT age heterogeneity has a positive moderating effect on the relationship between new CEOs MBA educational backgrounds and enhancement of corporate performance.

关键词： characteristics of CEO TMT heterogeneity improvement of performance

作者: Li Weining Wu Di

作者单位: School of Business Administration,South China University of Technology, Guangzhou, P.R.China, 510641

会议类型: 国际会议

会议名称: 2013 International Conference on Strategic Management(2013年战略管理国际会议)

会议地点: 成都

会议语种:英文

页码: 493-499

在线出版日期: 2013-12-15（万方平台首次上网日期，不代表论文的发表时间）