2018
DOI: 10.1177/1548051818789371
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CEO Power and Top Management Team Tenure Diversity: Implications for Firm 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 i… Show more

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Cited by 26 publications
(14 citation statements)
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“…Broadly speaking, our study makes a significant contribution to UET. For instance, the UET is mostly debated in terms of the relationship between top managers' characteristics and organization outcomes: performance, efficiency, and competitiveness (Nguyen, Rahman, & Zhao, 2018; Solakoglu & Demir, 2016; Tanikawa & Jung, 2019). However, little is known on the relationship between top management background factors, types of innovation, and internationalization, and no attempt has been made so far with respect to participation in CPEC.…”
Section: Discussionmentioning
confidence: 99%
“…Broadly speaking, our study makes a significant contribution to UET. For instance, the UET is mostly debated in terms of the relationship between top managers' characteristics and organization outcomes: performance, efficiency, and competitiveness (Nguyen, Rahman, & Zhao, 2018; Solakoglu & Demir, 2016; Tanikawa & Jung, 2019). However, little is known on the relationship between top management background factors, types of innovation, and internationalization, and no attempt has been made so far with respect to participation in CPEC.…”
Section: Discussionmentioning
confidence: 99%
“…Tenure diversity is one of the less frequently used personal attributes in diversity literature. Tenure diversity is a job-related attribute that implies different skills and viewpoints that maximize the breadth and depth of knowledge (Pelled et al, 1999;Tanikawa and Jung, 2019). Tenure diversity is significant for team innovation because team members with diverse expertise provide fresh ideas and new approaches (Bell et al, 2011).…”
Section: Overview Of Job-related Diversity Dimensionsmentioning
confidence: 99%
“…The results of this study are also not in line with the research of Lu and Peng (2010). Tanikawa and Jung (2018). Muller (2014).…”
Section: Tenure Of Directors and Financial Performancementioning
confidence: 99%
“…However, Lu and Peng (2010) revealed that tenure of directors has a negative impact on short-term financial performance, but there is no significant impact on long-term financial performance. Tanikawa and Jung (2018). Muller (2014).…”
mentioning
confidence: 99%