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| Research on the Influence of Top Management Team Heterogeneity on the Performance of Technology StartUps based on Grounded Theory |
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Abstract In order to explain the mechanism of top management team heterogeneity on the performance of technology startups，the conceptual model of the influence of top management team heterogeneity on the performance of technology startups is constructed based on the upper echelon theory by using the multiple cases analytic method of grounded theory. And the data of 183 listed companies on the GEM (growth enterprise market) is analyzed by using structural equation model.The results show that age and tenure heterogeneity among TMT(top management team) members significantly and positively affect the performance of technology startups.While functional experience and educational level heterogeneity significantly and negatively affect the performance of technology startups.Moreover,the value creation of business models play a partial mediation role in the influences of the age,tenure,functional experience and educational level heterogeneity of TMT members on the performance of technology startups.
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| Fund:国家社会科学基金重点项目（14AGL004）；黑龙江省社会科学基金项目（17GLB016）；中央高校基本科研业务费项目（HEUCFW170907） |
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