商业研究

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The Faultlines of Top Management Team and Enterprise Innovation Capability: Evidence from Chinese GEM Companies

SONG Di1, YANG Chao2,3   

  1. 1. School of Business, Renmin University of China, Beijing 100872,China; 2. School of Accountancy, Central University of Finance and Economics, Beijing 100081,China; 3. Collaborative Innovation Centre of State-owned Assets Administration, Beijing Technology and Business University, Beijing 100048,China
  • Received:2017-03-03 Online:2017-06-16

Abstract: This paper introduces the theory of faultlines of top management team(TMT), and uses the GEM companies as research samples to explore the effects of faultlines of TMT based on the background of finance on enterprise innovation ability. The results show that: the faultlines of TMT based on the background of finance and non-finance have negative effect on enterprise innovation ability, CEO power has inhibitory role in the negative influence of faultlines of TMT based on the background of finance on enterprise innovation and ownership concentration has promoting role in the negative influence of the faultlines of TMT based on the background of finance on enterprise. The above conclusions show that the faultlines of TMT based on the background of finance is an important factor influencing enterprise innovation ability.

Key words: the faultlines of top management team, enterprise innovation, CEO power, ownership concentration