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TOP MANAGEMENT TEAM CHARACTERISTICS AND LIFE INSURER PERFORMANCE: DO TOP MANAGERS MAKE A DIFFERENCE?
Author(s) -
Puleo Victor A.,
Marlin Dan
Publication year - 1998
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/j.1540-6296.1998.tb00080.x
Subject(s) - business , life insurance , assertion , actuarial science , cohesion (chemistry) , marketing , computer science , chemistry , organic chemistry , programming language
This study examines the impact of top management team characteristics on life insurer performance. The authors argue that greater social cohesion among team members makes it less likely that the insurer will be able to adapt to the changes that have characterized the U.S. life insurance industry over the past decade and will, therefore, be detrimental to performance. Our findings support this assertion and suggest that life insurers driven by more diversified top management teams outperform life insurers with more homogenous top management teams.