Top Management Team Heterogeneity Effects On Business Performance

Outstanding senior management team related to the future direction of the business and operating conditions,to enhance the business performance plays a vital role. GEM as an important part of China’s capital market, the more urgent need to build an outstanding senior management team to guide the development of enterprises.Thus, in the carding basis of a large number of domestic and foreign literature,combined with China’s national conditions and the status of market economy development of our country GEM listed companies top management team heterogeneity a study,from the senior management team of the age,tenure,education level and occupation background these four aspects of heterogeneity to analyze, study their impact on enterprise performance situation;and firm size,firm age,ownership concentration,CEO two jobs concurrently, and research and development efforts on the five dimensions managerial autonomy measure,the management autonomy as an adjustment variable into the model,expand empirical research exploring the role of management autonomy to regulate the relationship between GEM listed companies top management team heterogeneity and firm performance.Surface, relationship management autonomy for Top Management Team Heterogeneity and Firm Performance in the presence of regulation,and the scale of GEM listed companies,CEO two jobs concurrently,and research and development efforts of top management team heterogeneity and firm performance from to a positive regulatory role,and firm age and the degree of concentration of ownership plays a negative role in the regulation between the two.Therefore, the GEM listed companies during the senior management team building and change,should be taken into account heterogeneity among the members of the senior management team and the company’s own internal and external environment,to build a comprehensive business development for outstanding senior management team to lead enterprises continue to grow and develop.