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Effects of Top Management Team Heterogeneous Background and Behavioural Attributes on the Performance of New Ventures
Author(s) -
Cai Li,
Liu Qing,
Yu Xiaoyu
Publication year - 2013
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/sres.2176
Subject(s) - process management , business , knowledge management , operations management , psychology , computer science , engineering
Using the data collected from 527 new ventures in China, this research evaluates the effects of top management team (TMT) heterogeneous background and behavioural attributes on firm's performance. Behavioural aspects of cognitive and emotional conflicts within the team are served as mediators. The results of the study indicate that the TMT functional background heterogeneity is positively related to both cognitive conflicts and emotional conflicts within the TMT. Moreover, team conflicts are found to mediate the effects of TMT functional background diversity on new ventures' performance. However, TMT functional background diversity alone is not significantly related to financial performance or growth performance of new ventures. Copyright © 2013 John Wiley & Sons, Ltd.