Original paper

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

Volume: 26, Issue: 2, Pages: 256 - 272
Published: Aug 10, 2018
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...
Paper Details
Title
CEO Power and Top Management Team Tenure Diversity: Implications for Firm Performance
Published Date
Aug 10, 2018
Volume
26
Issue
2
Pages
256 - 272
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