Top Management Team Heterogeneity, Government Intervention and Corporate Social Performance

Abstract

Abstract:

On the basis of Upper Echelons theory, this paper examines the effects of top management team heterogeneity on corporate social performance. The empirical results show that top management team social capital heterogeneity, term heterogeneity and education specialty heterogeneity have a significant positive impact on corporate social performance separately while age heterogeneity and educational level heterogeneity have negative impact on social performance, but the statistics is not significant. This paper also shows that government intervention negatively moderates the relationship between top management team heterogeneity and corporate social performance. That is, a low level government-intervention has a significant positive impact on the relationship between corporate social responsibility and top management team social capital heterogeneity and term heterogeneity.

Key words: TMT heterogeneity, corporate social performance, social capital, government intervention

Li Dongwei, Wu Jing. Top Management Team Heterogeneity, Government Intervention and Corporate Social Performance[J]. , 2017, 29(12): 84-93.

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