This study aims to determine the key and underlying Leadership and Top Management (LTM) factors that have a significant impact on sustaining the implementation of Total Quality Management (TQM) within the construction...This study aims to determine the key and underlying Leadership and Top Management (LTM) factors that have a significant impact on sustaining the implementation of Total Quality Management (TQM) within the construction industry in Ghana. The research methodology employed in this study was a quantitative technique. Questionnaires were distributed to 641 participants within construction industry in Ghana. Questionnaires retrieved for the analysis were 536. Three steps approached were used for the data analysis. These include Exploratory Factor Analysis (EFA), Confirmatory Factor Analysis (CFA), and Structural Equation Modeling (SEM) analysis. After conducting the EFA and CFA, SEM was also used to analyze the construct validity. The SEM analysis helps to determine four key indicator variables for the leadership and top management construct. These include Leadership/Top Management approach to employees’ management, Leadership/Top Management understanding of TQM, Leadership/Top Management empowerment of employees to resolve quality issues, and Leadership/Top Management endorsement of TQM. All the four indicator variables were found to be good of fit and closely associated with the dependent variable. The study adds to the body of knowledge by using EFA, CFA and SEM techniques to establish key leadership and top management factors affecting TQM implementation in Ghana’s construction industry. The findings in general suggested that leadership and top Management factors identified have a direct positive impact on sustaining TQM implementation in the Ghanaian construction industry. Consequently, the leadership and top management factors identified in this study can help improve TQM in the Ghanaian construction industry.展开更多
We test whether differences in the background characteristics of firms’chairperson and CEO can reduce management agency costs.We find that when the chairperson is older,has a higher level of education,and has more ov...We test whether differences in the background characteristics of firms’chairperson and CEO can reduce management agency costs.We find that when the chairperson is older,has a higher level of education,and has more overseas experience than the CEO,the management agency costs will be lower.A series of robustness tests do not change our conclusions.In further analysis,we find that the negative relationship between the two is more significant for SOEs or firms experiencing fierce market competition.Finally,we also find that the chairman-CEO’s vertical dyad background characteristics differences can help to improve firm performance.Our study provides theoretical and practical implications for companies on how to best configure their top management team.展开更多
China has moved rapidly from a socialist planned economy to a market economy.As a result,many enterprises in China are seeking talented top management to increase their performance and decrease their default risk.Stud...China has moved rapidly from a socialist planned economy to a market economy.As a result,many enterprises in China are seeking talented top management to increase their performance and decrease their default risk.Studies abound regarding top management turnover and its relationship with firm performance,however,few studies have connected top management turnover with firm default risk.In China,a market with extensive financial fraud,firm default risk is an important factor and thus we explore this relationship in the Chinese securities market.Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period.In addition,following changes in top management,such firms default less than other companies.展开更多
This article aims to explore how top management team (TMT) process affects strategic corporate social responsibility (CSR), and in turn, how strategic CSR influences firm performance. In addition, this article exa...This article aims to explore how top management team (TMT) process affects strategic corporate social responsibility (CSR), and in turn, how strategic CSR influences firm performance. In addition, this article examines whether CSR mediates the relationship between TMT process and firm performance. The sample consists of 203 hotels from the tourism and hospitality industry in the southeast China. TMT processes assessed are communication and cohesion. Results indicate that (1) corporate social responsibility is positively related to firm performance, (2) top management team process (communication and cohesion) is positively related to corporate social responsibility, and (3) corporate social responsibility fully mediates the relationship between top management team process and firm performance. Results highlight upper echelons mechanisms that underpin the TMT process-firm performance relationship. This study contributes to understanding how TMT process affects firm performance both directly and indirectly, through strategic CSR.展开更多
This case describes the top management team's transfer of power and change in the Wuhan Company of Zhong Yin Real Estate Group (ZY-REG). The company experienced acquisition of Haitian and ZY-RE~ introduction of the...This case describes the top management team's transfer of power and change in the Wuhan Company of Zhong Yin Real Estate Group (ZY-REG). The company experienced acquisition of Haitian and ZY-RE~ introduction of the Wanke management team, the general manager's loss of control over the company, aggravating conflicts among executives, and abuse of power by a clique of managers. The new general manager Yang Ling took actions to reform and transferred power and responsibilities of each executive in the management team, withdrew power from his opponents, and standardized the decision-making process. The management team's rebuilding was finally completed in June 2008, and the Wuhan Company was then back on track soon after.展开更多
After nearly 9 months consultation and internal discussion between government departments and concerned parties,CNAIC’s leading body was finally approved. The structure of the top management suggests that CNAIC is tu...After nearly 9 months consultation and internal discussion between government departments and concerned parties,CNAIC’s leading body was finally approved. The structure of the top management suggests that CNAIC is turning out to be a business-oriented conglomerate consisting of 25 major production展开更多
Now the top management team and managerial discretion play an important role in driving the firms’development.This paper built a theoretical model to explore the effect of top management team heterogeneity on firm pe...Now the top management team and managerial discretion play an important role in driving the firms’development.This paper built a theoretical model to explore the effect of top management team heterogeneity on firm performance,and analyze the moderating role of managerial discretion.Based on the data of 167 listed firms from Shanghai Stock Exchange in 2019,this paper constructs a multiple regression model and tested the hypothesis.The empirical results show that gender heterogeneity,tenure heterogeneity and education level heterogeneity have a negative effect on firms performance.At the same time managerial discretion can partially moderates the relationship between the heterogeneity of top management team and firm performance,in which capital intensity and the firm size play a negative moderating role,and duality play a positive moderating role.According to the research results,this paper also puts forward corresponding suggestions to improve the firm performance.展开更多
Always fashionable, certification is becoming more and more of a momentum in view of the continuing evolution of the culture of quality in various fields. It has become a safe way for the organization to position itse...Always fashionable, certification is becoming more and more of a momentum in view of the continuing evolution of the culture of quality in various fields. It has become a safe way for the organization to position itself in the market, meeting the earliest possible customer requirements. Regarding training, certification is a key flagship which enables managers to benefit upstream and downstream of its expected results and planned objectives. More importantly, it is an essential investment for job holding because it permits the evaluation of training and well positioning of the organizers into the market. Moreover, it presents the strengths and weaknesses in order to take corrective and remedial actions. The present project is a throw certification according to the ISO 9001-2000, which may in fact be adopted for all types of training.展开更多
This paper incorporates individual digital literacy into corporate management practice to explore the relationship between managers'digital literacy and the performance of corporate green technology innovation.The...This paper incorporates individual digital literacy into corporate management practice to explore the relationship between managers'digital literacy and the performance of corporate green technology innovation.The results show that managers'digital literacy can contribute to corporate green technology innovation.Specifically,a greater degree of digital literacy among the top management team is associated with better performance in corporate green technology innovation.Even if the management does not have an educational background in core digital technologies,their work experience related to core digital technologies such as computers and information technology can help promote corporate green technology innovation in the later stage.There is the heterogeneity in the managers'digital literacy role in promoting corporate green technology innovation,which is more significant in the sample of regions with low levels of the digital economy development,sufficient media attention,and non-heavily polluting enterprises.Digital transformation plays a mediating role between managers'digital literacy and corporate green technology innovation.Through further research,we find that the improvement of managers'digital literacy can contribute to the enhancement of corporate value in the future.The conclusions enrich the research horizon of upper echelons theory,explore the value and differentiated effect of digital human capital in the new era,and provide empirical evidence at the micro level that digital technologies promote the green and sustainable development of the economy.展开更多
文摘This study aims to determine the key and underlying Leadership and Top Management (LTM) factors that have a significant impact on sustaining the implementation of Total Quality Management (TQM) within the construction industry in Ghana. The research methodology employed in this study was a quantitative technique. Questionnaires were distributed to 641 participants within construction industry in Ghana. Questionnaires retrieved for the analysis were 536. Three steps approached were used for the data analysis. These include Exploratory Factor Analysis (EFA), Confirmatory Factor Analysis (CFA), and Structural Equation Modeling (SEM) analysis. After conducting the EFA and CFA, SEM was also used to analyze the construct validity. The SEM analysis helps to determine four key indicator variables for the leadership and top management construct. These include Leadership/Top Management approach to employees’ management, Leadership/Top Management understanding of TQM, Leadership/Top Management empowerment of employees to resolve quality issues, and Leadership/Top Management endorsement of TQM. All the four indicator variables were found to be good of fit and closely associated with the dependent variable. The study adds to the body of knowledge by using EFA, CFA and SEM techniques to establish key leadership and top management factors affecting TQM implementation in Ghana’s construction industry. The findings in general suggested that leadership and top Management factors identified have a direct positive impact on sustaining TQM implementation in the Ghanaian construction industry. Consequently, the leadership and top management factors identified in this study can help improve TQM in the Ghanaian construction industry.
基金supported by National Natural Science Foundation of China[Grant No 72072060,71602059]Soft Science Research Project of Guangdong Province,China[grant numbers2020A1010020004]+1 种基金“13th Five-year Plan”for the Development of Philosophy and Social Sciences of Guangzhou,Joint construction projects in 2020,China[grant numbers 2020GZGJ11]Fundamental Research Funds for the Central Universities of the South China University of Technology,China[grant numbers XYMS202104]
文摘We test whether differences in the background characteristics of firms’chairperson and CEO can reduce management agency costs.We find that when the chairperson is older,has a higher level of education,and has more overseas experience than the CEO,the management agency costs will be lower.A series of robustness tests do not change our conclusions.In further analysis,we find that the negative relationship between the two is more significant for SOEs or firms experiencing fierce market competition.Finally,we also find that the chairman-CEO’s vertical dyad background characteristics differences can help to improve firm performance.Our study provides theoretical and practical implications for companies on how to best configure their top management team.
文摘China has moved rapidly from a socialist planned economy to a market economy.As a result,many enterprises in China are seeking talented top management to increase their performance and decrease their default risk.Studies abound regarding top management turnover and its relationship with firm performance,however,few studies have connected top management turnover with firm default risk.In China,a market with extensive financial fraud,firm default risk is an important factor and thus we explore this relationship in the Chinese securities market.Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period.In addition,following changes in top management,such firms default less than other companies.
文摘This article aims to explore how top management team (TMT) process affects strategic corporate social responsibility (CSR), and in turn, how strategic CSR influences firm performance. In addition, this article examines whether CSR mediates the relationship between TMT process and firm performance. The sample consists of 203 hotels from the tourism and hospitality industry in the southeast China. TMT processes assessed are communication and cohesion. Results indicate that (1) corporate social responsibility is positively related to firm performance, (2) top management team process (communication and cohesion) is positively related to corporate social responsibility, and (3) corporate social responsibility fully mediates the relationship between top management team process and firm performance. Results highlight upper echelons mechanisms that underpin the TMT process-firm performance relationship. This study contributes to understanding how TMT process affects firm performance both directly and indirectly, through strategic CSR.
文摘This case describes the top management team's transfer of power and change in the Wuhan Company of Zhong Yin Real Estate Group (ZY-REG). The company experienced acquisition of Haitian and ZY-RE~ introduction of the Wanke management team, the general manager's loss of control over the company, aggravating conflicts among executives, and abuse of power by a clique of managers. The new general manager Yang Ling took actions to reform and transferred power and responsibilities of each executive in the management team, withdrew power from his opponents, and standardized the decision-making process. The management team's rebuilding was finally completed in June 2008, and the Wuhan Company was then back on track soon after.
文摘After nearly 9 months consultation and internal discussion between government departments and concerned parties,CNAIC’s leading body was finally approved. The structure of the top management suggests that CNAIC is turning out to be a business-oriented conglomerate consisting of 25 major production
基金This work was supported by MOE(Ministry of Education in China)Project of Humanities and Social Sciences(No.20YJC630022)Shandong Province Natural Science Foundation(No.ZR2017MG033)Fundamental Research Funds for the Central Universities(No.HIT.HSS.201875).
文摘Now the top management team and managerial discretion play an important role in driving the firms’development.This paper built a theoretical model to explore the effect of top management team heterogeneity on firm performance,and analyze the moderating role of managerial discretion.Based on the data of 167 listed firms from Shanghai Stock Exchange in 2019,this paper constructs a multiple regression model and tested the hypothesis.The empirical results show that gender heterogeneity,tenure heterogeneity and education level heterogeneity have a negative effect on firms performance.At the same time managerial discretion can partially moderates the relationship between the heterogeneity of top management team and firm performance,in which capital intensity and the firm size play a negative moderating role,and duality play a positive moderating role.According to the research results,this paper also puts forward corresponding suggestions to improve the firm performance.
文摘Always fashionable, certification is becoming more and more of a momentum in view of the continuing evolution of the culture of quality in various fields. It has become a safe way for the organization to position itself in the market, meeting the earliest possible customer requirements. Regarding training, certification is a key flagship which enables managers to benefit upstream and downstream of its expected results and planned objectives. More importantly, it is an essential investment for job holding because it permits the evaluation of training and well positioning of the organizers into the market. Moreover, it presents the strengths and weaknesses in order to take corrective and remedial actions. The present project is a throw certification according to the ISO 9001-2000, which may in fact be adopted for all types of training.
基金supported by the general project of the National Natural Science Foundation of China"Research on Institutional Innovation,Governance Effects,and Mechanisms of Shareholder Activism in the Digital Economy Era"(No.72372103)the project of the Shanghai Planning Office of Philosophy and Social Science"Corporate Digital Transformation and Women's Career Development"(No.2022BGL007).
文摘This paper incorporates individual digital literacy into corporate management practice to explore the relationship between managers'digital literacy and the performance of corporate green technology innovation.The results show that managers'digital literacy can contribute to corporate green technology innovation.Specifically,a greater degree of digital literacy among the top management team is associated with better performance in corporate green technology innovation.Even if the management does not have an educational background in core digital technologies,their work experience related to core digital technologies such as computers and information technology can help promote corporate green technology innovation in the later stage.There is the heterogeneity in the managers'digital literacy role in promoting corporate green technology innovation,which is more significant in the sample of regions with low levels of the digital economy development,sufficient media attention,and non-heavily polluting enterprises.Digital transformation plays a mediating role between managers'digital literacy and corporate green technology innovation.Through further research,we find that the improvement of managers'digital literacy can contribute to the enhancement of corporate value in the future.The conclusions enrich the research horizon of upper echelons theory,explore the value and differentiated effect of digital human capital in the new era,and provide empirical evidence at the micro level that digital technologies promote the green and sustainable development of the economy.