高层管理团队断裂带影响管理者能力实证研究

Top Management Team Faultlines and Managerial Ability:the Moderating Effects of Industry Environment

选取2014-2016年中国创业板上市公司为研究样本,实证考察了创业板上市公司高层管理团队断裂带对管理者能力的直接影响,以及产业环境对两者关系的调节作用。层级多元回归分析结果表明:线性关系下,高层管理团队社会分类断裂带与信息基础断裂带对管理者能力产生显著负向影响,但在稳定产业环境下高层管理团队社会分类断裂带对管理者能力产生显著正向影响;非线性关系下,动态产业环境中高层管理团队社会分类断裂带与管理者能力呈显著倒U型关系,而信息基础断裂带与管理者能力呈显著U型关系;稳定产业环境下,高层管理团队社会分类断裂带与管理者能力呈显著U型关系,而信息基础断裂带与管理者能力呈显著倒U型关系。在理论层面,结论拓展了管理者能力影响因素研究,丰富了关于高层管理团队断裂带经济后果的复杂关系讨论。同时,考察了不同情境下高层管理团队断裂带对管理者能力的影响。在实践层面,可为企业高管团队构建、管理者能力发挥,以及新业务产业经营领域选择提供经验证据与管理启示。

This paper takes the listed companies on the GEM in China from 2014 to 2016 as the research sample,and empirically examines the direct impact of the top management team faultlines on the managerial ability of the listed companies on the GEM,as well as how the industrial environment has a moderating effect on the relationship between the two.The results of hierarchical multiple regression analysis show that:under the linear relationship,the social category faultlines and the information-based faultlines have a significant negative impact on managerial ability,but under the stable industrial environment,the social category faultlines and managerial ability have a significant positive impact;Under the non-linear relationship,there is an inverted U-shaped relationship between the social category faultlines and managerial ability in the dynamic industrial environment,while there is a U-shaped relationship between the information-based faultlines and managerial ability;under the stable industrial environment,there is a U-shaped relationship between the social category faultlines and managerial ability,while the information-based faultlines and managerial ability have an inverted U-shaped relationship.In theory,the results of this paper expand the research on the factors of managerial ability,increases the discussion on the complex relationship between the economic consequences of the top management team faultlines,and examines the impact of the top management team faultlines on managerial ability in different situations.In practice,the conclusions of this paper provide important empirical evidence and management enlightenment for the construction of top management team,the development of managerial ability,and the choice of new business industries.