“民主集中制”——高管团队教育水平异质性对企业业绩水平的影响研究
"Democratic Centralism" ——Research about the Effect of Heterogeneity in the Education Level of Top Management Team on Firm Performance 付超奇;张恒; 1:清华大学经济管理学院 摘要(Abstract)：

本文研究了高管团队教育水平异质性对企业业绩的影响,以及股权集中度和国有持股比例对高管团队教育水平异质性对企业业绩影响的调节作用。本文发现,高管团队教育水平异质性本身对公司业绩具有消极影响,股权集中度的提升对高管团队教育水平异质性发挥反向的、积极的调节作用,国有持股比例的提升对高管团队教育水平异质性发挥反向的、积极的调节作用;本文同时还发现,高管团队教育水平异质性的提升对股权集中度和国有持股比例都发挥积极的调节作用。根据上述结论,本文总结出了类似"民主集中制"的公司治理规律——即高管团队的多元化程度和决策权的集中程度需要适度平衡,才能发挥对企业绩效最大的促进作用。

关键词(KeyWords)： 高管团队教育水平异质性;;企业业绩水平;;股权集中度;;国有持股比例;;民主集中制

Abstract:

Keywords:

基金项目(Foundation): 国家自然科学基金(71272024)的资助

作者(Author): 付超奇;张恒;

Email:


参考文献(References)： 贺远琼,杨文,陈昀.2009.基于Meta分析的高管团队特征与企业绩效关系研究[J].软科学,23(1):12-24.
黄越,杨乃定,张宸璐.2011.高层管理团队异质性对企业绩效的影响研究——以股权集中度为调节变量[J].管理评论,23(11):120-125.
贾丹.2008.论不同行业背景下高管团队异质性对企业绩效的影响[J].商业时代,(18):43-44.
李正卫,张萍萍,李孝缪,等.2011.高管团队异质性对企业绩效的影响:以我国IT产业上市公司为例[J].10(3):254-258.
王道平,陈佳.2004.高管团队异质性对企业绩效的影响研究[J].现代财经,(11):58-62.
肖久灵.2006.企业高层管理团队的组成特征对团队效能影响的实证研究[J].财贸研究,(2):112-117.
姚冰湜,马琳,王雪莉,等.2015.高管团队职能异质性对企业绩效的影响:CEO权力的调节作用[J].中国软科学,(2):117-126.
杨林.2013.高管团队异质性、企业所有制与创业战略导向——基于中国中小企业板上市公司的经验证据[J].科学学与科学技术管理,34(9):159-171.
Auh S,Menguc B.2005.Top management team diversity and innovativeness:The moderating role of interfunctional operation[J].Industrial Marketing Management,34(3):249-261.
Bantel K A,Jackson S E.1989.Top management and innovations in banking:Does the composition of the top team make a difference?[J].Strategic Management Journal,(10):107-124.
Carpenter M A.2002.The implication of strategy and social context for the relationship between top management team heterogeneity and firm performance[J].Strategic Management Journal,23(3):275-284.
Finkelstein S,Hambrick D C.1996.Strategic Leadership:Top Executives and their Effect on Organizations[M].St Paul:West Publishing.
Hambrick,D C,Mason P A.1984.Upper Echelons:Organization as a reflection of its managers[J].Academy of Management Review,9(2):193-206.
Hambrick D C,Cho T S,Chen M J.1996.The influence of top management team heterogeneity on firms'competitive moves[J].Administrative Science Quarterly,41(4):659-684.
Jackson S E.1996.The consequences of diversity in multi-disciplinary work teams[M]//Handbook of Work Group Psychology.West M A ed.Chichester,New York:John Wiley&Sons.
Jehn K A,Northcraft G B,Neale M A.1999.Why differences make a difference:A field study of diversity,conflict,and performance in workgroups[J].Administrative Science Quarterly,44(4):741-763.
Katz R.1982.The effects of group longevity on project communication and performance[J].Administrative Science Quarterly,(27):81-104.
Michel J G,Hambrick D C.1992.Diversification posture and top management team characteristics[J].Academy of Management Journal,35(1):9-37.
Murray A I.1989.Top management group heterogeneity and firm performance[J].Strategic Management Journal,10(1):125-141.
Peng M W,Tan J,Tong T W.2004.Ownership types and strategic groups in an emerging economy[J].Journal of Management Studies,41(7):1105-1129.
Sitkin S B,Sutcliffe K M,Schroeder R G.1994.Distinguishing control from learning in total quality management:A contingency perspective[J].Academy of Management Review,19(3):537-564.
Smith K G,Smith K A,Olian J D,et al.1994.Top management team demography and process the role of social integration and communication[J].Administrative Science Quarterly,(39).
Tihanyi L,Ellstrand A E,Daily C M,et al.2000.Composition of the top management team and firm international diversification[J].Journal of Management,26(6):1157-1177.


摘要:
扩展功能
本文信息
PDF全文请访问中国知网下载(898K)