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Isolated islands in the upper apex of organisations: in search of interaction between the board of directors and the top management team
Kristianstad University, School of Health and Society, Avdelningen för Ekonomi. Kristianstad University, Plattformen för forskning om verksamhetsförlagd utbildning och professionslärande.
Kristianstad University, School of Health and Society, Avdelningen för Ekonomi. (GRIP)ORCID iD: 0000-0002-9289-2047
2013 (English)In: Corporate Ownership & Control, ISSN 1727-9232, E-ISSN 1810-3057, Vol. 10, no 2, 80-90 p.Article in journal (Refereed) Published
Abstract [en]

This paper reports on the interaction of compositional effects of boards of directors (BoD) and top management teams (TMTs) on firms' financial performance. Composition of both groups is investigated for cultural, age, tenure and gender diversity. We explore effects of demographic diversity in the two power groups on performance in interaction with each other by bringing in the similarityattraction paradigm to argue for the relationship. Study data are from consolidated financial statements in annual reports of listed Swedish corporations. Our findings suggest that while differences in gender, age and tenure diversities have no effect on firm performance, close alignment of cultural diversities of the BoD and TMT does have a positive effect of firm performance.

Place, publisher, year, edition, pages
2013. Vol. 10, no 2, 80-90 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hkr:diva-9128OAI: oai:DiVA.org:hkr-9128DiVA: diva2:508744
Available from: 2012-03-09 Created: 2012-03-09 Last updated: 2017-12-07Bibliographically approved
In thesis
1. The bottom line of cultural diversity at the top: the top management team's cultural diversity and its influence on organisational outcomes
Open this publication in new window or tab >>The bottom line of cultural diversity at the top: the top management team's cultural diversity and its influence on organisational outcomes
2012 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This dissertation investigates the relationship between cultural diversity in top management team (TMT) and organisational outcomes. The theoretical framework developed within this dissertation identifies three major concerns in this relationship. Firstly, the issues related to the lack of research on the contingencies, secondly problems associated with the method of inquiry, and thirdly the conceptualisation of culture. Adopting these issues as a guide for further investigation, this dissertation investigates the black box of the TMT process through the use of both qualitative and quantitative methods/concepts, adopting national and ethnic diversity as proxies for cultural diversity. The majority of the studies in the group and TMT research indicate that cultural diversity is usually associated with negative group and organisational outcomes. The finding of this dissertation, however, indicate that TMT cultural diversity has a positive effect on organisational outcomes albeit under two conditions. Firstly, when TMT cultural diversity mirrors cultural diversity of the Board of Directors, indicating the importance of TMT interaction in the upper apex of the organisation, and secondly, when TMT has a shared vision that reduces the perceived negative influence of cultural diversity on TMT process and subsequently on organisational outcomes.

Place, publisher, year, edition, pages
Lund: Lund Institute of Economic Research, School of Economics and Management, Lund University, 2012. 266 p.
Keyword
organisational outcome, Top management team, cultural diversity
National Category
Business Administration
Identifiers
urn:nbn:se:hkr:diva-9130 (URN)91-85113-50-6 (ISBN)978-91-85113-50-7 (ISBN)
Public defence
2012-03-23, Lund, 11:06 (English)
Opponent
Supervisors
Available from: 2012-03-13 Created: 2012-03-09 Last updated: 2012-03-13Bibliographically approved

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Umans, TimursSmith, Elin

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Avdelningen för EkonomiPlattformen för forskning om verksamhetsförlagd utbildning och professionslärande
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CiteExportLink to record
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