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The Effects of Family Firm Specific Sources of TMT Diversity: The Moderating Role of Information Exchange Frequency
Author(s) -
Ling Yan,
Kellermanns Franz W.
Publication year - 2010
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/j.1467-6486.2009.00893.x
Subject(s) - diversity (politics) , affect (linguistics) , business , survey data collection , upper echelons , psychology , marketing , strategic management , sociology , statistics , mathematics , communication , anthropology
We examine the relationships among three family firm specific sources of top management team (TMT) diversity (the generation in charge of the family firm, the number of family employees, and the number of employed generations) and family firm performance. By integrating upper‐echelons and team process research, we hypothesize that these TMT diversity sources interact with information exchange frequency among TMT members to affect family firm performance. Multisource survey data with lagged performance measurement, including CEOs and TMT members from 86 family firms, support our hypotheses. We discuss the implications of our findings and develop avenues for future research.