Top management teams, strategy and financial performance

A meta-analytic examination

Samuel Certo, Richard H. Lester, Catherine M. Dalton, Dan R. Dalton

Research output: Contribution to journalArticle

190 Citations (Scopus)

Abstract

A considerable amount of research has investigated the linkage between top management team (TMT) characteristics and firm financial performance. Much of this research relies on demographic data. While these data are reliable and accessible, findings across studies are not consistent. Meta-analysis of several TMT indicators and firm financial performance provides modest support for direct relationships but indicates moderating influences. Further meta-analysis and a confirmatory factor analysis enrich these findings by examining potential moderating and intervening factors.

Original languageEnglish (US)
Pages (from-to)813-839
Number of pages27
JournalJournal of Management Studies
Volume43
Issue number4
DOIs
StatePublished - Jun 2006
Externally publishedYes

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Factor analysis
Top management teams
Financial performance
Meta-analysis
Factors
Linkage
Confirmatory factor analysis
Demographics

ASJC Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation
  • Strategy and Management

Cite this

Top management teams, strategy and financial performance : A meta-analytic examination. / Certo, Samuel; Lester, Richard H.; Dalton, Catherine M.; Dalton, Dan R.

In: Journal of Management Studies, Vol. 43, No. 4, 06.2006, p. 813-839.

Research output: Contribution to journalArticle

Certo, Samuel ; Lester, Richard H. ; Dalton, Catherine M. ; Dalton, Dan R. / Top management teams, strategy and financial performance : A meta-analytic examination. In: Journal of Management Studies. 2006 ; Vol. 43, No. 4. pp. 813-839.
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