Journal of Management Studies · 2006 · 481 citations · 95 references
BusinessOrganizational BehaviorStrategyBusiness StrategyCorporate StrategyPerformance MeasurementFinancial Performance AnalysisOrganizational StrategyStrategic FitStrategic Performance ManagementTeam CompositionTeam PerformanceConfirmatory Moderator AnalysisCorporate Performance MeasurementFinancial Performance ManagementFirm Financial PerformanceFirm PerformanceModerating EffectsTop Management Team DynamicsTop Management Team Effects
abstract A considerable amount of research has investigated the linkage between top management team (TMT) characteristics and firm financial performance. Much of this research relies on demographic data. While these data are reliable and accessible, findings across studies are not consistent. Meta‐analysis of several TMT indicators and firm financial performance provides modest support for direct relationships but indicates moderating influences. Further meta‐analysis and a confirmatory factor analysis enrich these findings by examining potential moderating and intervening factors.
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