高管团队认知对公司绩效的作用机制研究

The Influence of the Top Management Team Cognitions on Company Performance

文章以动态视角分析高管团队认知变化对公司绩效的作用机理,经过对中国中小企业板202家公司近十年的数据进行实证分析得出:高管团队创新意识指标中的研发强度与公司绩效呈正向显著影响;高管团队核心理念、诚信水平与公司绩效呈正向显著影响;高管团队资源配置能力中的资本密度与公司绩效呈正向显著影响;高管团队资源配置多样性与公司绩效呈负向显著影响;高管团队管理强度、营销强度与组织绩效呈负向显著影响,高管团队期权激励与公司绩效呈正向显著影响。中小板上市公司提升组织绩效最有效的途径是:提升高管团队的创新意识、通过核心理念的引领作用提升组织的凝聚力、增强高管团队的诚信水平、提升主营产品品质、提升高管团队的营销水平和管理效率、对高管团队实施期权激励来促进公司绩效的增长。

This paper analyzes the effect mechanism of TMT cognition on company performance on the view of ＂dynamic＂. Through the empirical test with the 202 companies on the SME board, the indicators of the TMT cognition show the impacts on the organization performance as following：RD strength, the core ideas of the TMT, TMT integrity level, capital density and the stock option incentive show the significant positive effect, on the contrary, management strength, marketing strength, resources diversity of resource integration take on a significantly negative effect. The listed companies can promote the growth of the company performance through improving RD efficiency, marketing skills, management efficiency, trust level of the executive team, option incentive, and improving product quality.