CEO-TMT交互、绩效期望落差与企业环境战略

摘要/Abstract

摘要： 本文从CEO-TMT交互视角出发，研究了CEO和TMT成员在特征相似性和经历差异性方面对企业环境战略的影响。利用2011—2020年沪深A股制造业上市公司的数据，研究发现：第一，CEO和TMT成员在年龄、教育水平和职能背景等方面的特征相似程度越高，越有利于形成共同的环保理念，增进彼此间的信任，从而推动企业积极采取环境行动；第二，CEO和TMT成员在政治背景、海外经历和从军经历等方面差异性越大，越能够获取多样化的环保信息和资源，提高管理层对环境议题的关注，促使企业主动承担环境责任；第三，企业实际绩效与期望绩效的负向差距越大，CEO-TMT特征相似性和经历差异性对企业环境战略的正向影响越显著。本研究丰富了企业环境战略驱动因素和高管团队互动领域的文献，对于制造业企业优化高管团队组成、推进环境战略实施具有启示意义。

关键词: 企业环境战略, CEO-TMT交互, CEO-TMT特征相似性, CEO-TMT经历差异性, 绩效期望落差

Abstract: This study investigates the impact of the CEO-TMT interface, in terms of characteristic similarity and experience diversity, on corporate environmental strategy from the perspective of upper echelons theory. Using panel data of Chinese A-share listed manufacturing companies from 2011 to 2020, our findings reveal several key insights. First, the more similarities CEO and TMT members have in age, education level, and functional background, the more likely they are to share the same environmental values, develop mutual trust, and jointly take proactive environmental actions. Second, the more diverse CEO and TMT members are in political ties, overseas experience, and military service, the better able they are to acquire heterogeneous environmental information and resources, raise managerial attention on environmental issues, and make their company active in undertaking environmental responsibilities. Third, the positive effects of CEO-TMT characteristic similarity and experience diversity on corporate environmental strategy are more pronounced when firms face larger gaps between performance and aspiration. This research enriches the literature on the antecedents of corporate environmental strategy and top management team interface and provides implications for manufacturing firms to optimize top management team composition and implement environmental strategy.

Key words: corporate environmental strategy, CEO-TMT interface, CEO-TMT characteristic similarity, CEO-TMT experience diversity, performance-aspiration gaps

吴建祖, 马晴. CEO-TMT交互、绩效期望落差与企业环境战略[J]. 管理评论, 2025, 37(6): 174-186.

Wu Jianzu, Ma Qing. CEO-TMT Interface, Performance-Aspiration Gaps and Corporate Environmental Strategy[J]. Management Review, 2025, 37(6): 174-186.

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