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| Empirical Research on the Impacts of Top Management Team Faultlines on Growth Performance of the Entrepreneurial Firms |
| Li Wuwei1,Zhang Yuanyuan1,Zhu Jietang2 |
| (1.Business School,Zhengzhou University of Aeronautics;2.Teaching Quality Management Center,Zhengzhou University of Aeronautics,Zhengzhou 450015,China) |
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Abstract In recent years,research on the impacts of top management team faultlines on firm performance has attracted the attentions of the scholars. What is the influence of top management team faultlines on firm performance? Prior studies have yielded inconsistent findings. Based on cross-categorization perspective,this paper employed the data on Chinese start-up private firms during the period from 2011 to 2018,and generalized least squares method to empirically analyze the impacts of top management team faultlines on private firm growth performance,and the moderating effects of firm innovation intensity on the above relationship. Research results show that top management team task-related faultlines as well as bio-demographic faultlines have inverted U-shaped relationship with firm growth performance. Simultaneously,firm innovation intensity has significant moderating effect on the relationship between top management team faultlines and firm growth performance. Specifically,the higher firm innovation intensity is,the more obvious the inverted U-shaped relationship between top management team task-related faultlines,and bio-demographic faultlines and firm growth performance is.
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Received: 27 November 2019
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