The Impact of TMT Overseas Background on Firm Innovation Performance

Abstract

Abstract:

Despite the focus on overseas background of top management team (TMT) of existing literatures, little is known about the configuration of TMT overseas background and its impact on firm innovation performance.This study draws on upper echelons theory, conflict theory and theories related to relational demography to investigate the impact of the configuration of TMT overseas background on innovation performance.Based on the panel data from 2005-2012 of Chinese A-share listed companies in computer, communications and other electronic equipment manufacturing industries, we find that the proportion of executives with overseas background in TMT is posi-tively correlated to the number of patent filings.Moreover, the differences between executives with overseas background and local execu-tives in age, tenure and education positively affect the number of patent filings;the differences in age and tenure show negative impacts on ROE, however, the difference in education shows positive impact.

Key words: TMT, overseas background, innovation performance, impact

Liu Fengchao, Mo Jiaxin, Ma Rongkang. The Impact of TMT Overseas Background on Firm Innovation Performance[J]. , 2017, 29(7): 135-147.

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