董事会群体断裂带对企业战略绩效的影响研究——董事长职能背景和董事会持股比例的调节作用
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外国经济与管理 2015 年 第 37 卷第 11 期, 页码：3 - 14
摘要
参考文献
摘要
董事会与企业战略绩效之间的关系一直是学术界和实务界关注的重点。本文以2010—2013年中国沪深300成分股上市公司为研究对象,基于董事长职能背景与董事会持股比例调节作用的视角,运用多元层级回归技术,检验了董事会群体断裂带强度对企业战略绩效的影响。研究结果表明:(1)董事会群体断裂带强度与企业战略绩效之间具有显著的负相关关系;(2)董事长职能背景对董事会群体断裂带强度与企业战略绩效之间的关系存在负向调节作用;(3)董事会持股比例对董事会群体断裂带强度与企业战略绩效之间关系的调节作用并不显著。本文深化和丰富了董事会与企业价值关系的研究,对我国公司制企业通过优化董事会配置来促进战略绩效的提升也有重要启示。
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[3] Bezrukova K,et al.Do workgroup faultlines help or hurt? A moderated model of faultlines,team identification,and group performance[J].Organization Science,2009,20(1): 35-50.
[4] Bezrukova K,et al.The effects of alignments: Examining group faultlines,organizational cultures,and performance[J].Journal of Applied Psychology,2012,97(1): 77-92.
[5] Berle A A and Means G C.The modern corporation and private property[M].Transaction Publishers,1991.
[6] Buyl T,et al.Top management team functional diversity and firm performance: The moderating role of CEO characteristics[J].Journal of Management Studies,2011,48(1): 151-177.
[7] Carpenter M A and Fredrickson J W.Top management teams,global strategic posture,and the moderating role of uncertainty[J].Academy of Management Journal,2001,44(3): 533-545.
[8] Desender K A,et al.When does ownership matter? Board characteristics and behavior[J].Strategic Management Journal,2013,34(7): 823-842.
[9] Gibson C and Vermerlen F.A healthy divide: Subgroups as a stimulus for team learning behavior[J].Administrative Science Quarterly,2003,48(2): 202-239.
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[12] Hillman A J and Dalziel T.Boards of directors and firm performance: Integrating agency and resource dependence perspectives[J].Academy of Management Review,2003,28(3): 383-396.
[13] Homan A C,et al.Facing differences with an open mind: Openness to experience,salience of intergroup differences,and performance of diverse work groups[J].Academy of Management Journal,2008,51(6): 1204-1222.
[14] Jensen M C and Meckling W H.Theory of the firm: Managerial behavior,agency costs and ownership structure[J].Journal of Financial Economics,1976,3(4): 305-360.
[15] Kaczmarek S,et al.Board task-related faultlines and firm performance: A decade of evidence[J].Corporate Governance: An International Review,2012,20(4): 337-351.
[16] Lau D C and Murnighan J K.Demographic diversity and faultlines: The compositional dynamics of organizational groups[J].Academy of Management Review,1998,23(2): 325-340.
[17] Li J T and Hambrick D C.Factional groups: A new vantage on demographic faultlines,conflict,and disintegration in work teams[J].Academy of Management Journal,2005,48(5): 794-813.
[18] Machold S,et al.Board leadership and strategy involvement in small firms: A team production approach[J].Corporate Governance: An International Review,2011,19(4): 368-383.
[19] Minichilli A,et al.Top management teams in family-controlled companies: ‘familiness’,‘faultlines’,and their impact on financial performance[J].Journal of Management Studies,2010,47(2):205-222.
[20] Tajfel H and Turner J C.The social identity theory of intergroup behavior[A].In Worchel S and Austin W G (Eds.).Psychology of intergroup relations[C].Chicago:Nelson-Hall,1986:7-24.
[21] Thatcher M B,et al.Cracks in diversity research: The effects of diversity faultlines on conflict and performance[J].Group Decision and Negotiation,2003,12(3): 217-241.
[22] Thatcher S and Patel P C.Demographic faultlines: A meta-analysis of the literature[J].Journal of Applied Psychology,2011,96(6): 1119.
[23] Thatcher S and Patel P C.Group faultlines: A review,integration,and guide to future research[J].Journal of Management,2012,38(4): 969-1009.
[24] Tuggle C S,et al.Attention patterns in the boardroom: How board composition and processes affect discussion of entrepreneurial issues[J].Academy of Management Journal,2010,53(3): 550-571.
[25] Van Knippenberg D,et al.Diversity faultlines,shared objectives,and top management team performance[J].Human Relations,2011,64(3): 307-336.
[26] 陈悦明,葛玉辉,宋志强.高层管理团队断裂带与企业战略决策的关系研究[J].管理学报,2012,9(11):1634-1642.
[27] 李小青,周建.董事会群体断裂带的内涵、来源以及对决策行为的影响——文献综述与理论研究框架构建[J].外国经济与管理,2014,36(3): 3-9.
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引用本文
李小青, 周建. 董事会群体断裂带对企业战略绩效的影响研究——董事长职能背景和董事会持股比例的调节作用[J]. 外国经济与管理, 2015, 37(11): 3–14.
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