Top Management Team Diversity and Firm Performance

Mismanagement and miscalculations of the Top Management Team (TMT)are alongside general economic cycle arguments the most commonly proposeddeterminants of firm performance. The composition of the TMT is seenas a crucial variable in shaping organizational outcomes. However does thecomposition of the TMT indeed influence the firm performance? If so then inwhich ways and to what extent? Does the influence differ for firms operatingin dynamically different and various environments? Sabine Kiefer endeavorsto explore the topic of TMT diversity and its influence on the firm performanceby critically investigating German companies. Building upon previoustheories and empirical results a new - not yet empirically investigated - curvilinearrelationship is proposed. Detailed information about the sample thedata gathering process and measurement choices are outlined and the hypothesisis investigated by using regression analysis. This book should appeal toall those interested in TMT research and its implications on the financial outcomesof firms.