Top management teams, strategy and financial performance: A meta-analytic examination

S. Trevis Certo; Richard H. Lester; Catherine M. Dalton; Dan R. Dalton

doi:10.1111/j.1467-6486.2006.00612.x

Top management teams, strategy and financial performance: A meta-analytic examination

S. Trevis Certo, Richard H. Lester, Catherine M. Dalton, Dan R. Dalton

Research output: Contribution to journal › Article › peer-review

308 Scopus citations

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 language	English (US)
Pages (from-to)	813-839
Number of pages	27
Journal	Journal of Management Studies
Volume	43
Issue number	4
DOIs	https://doi.org/10.1111/j.1467-6486.2006.00612.x
State	Published - Jun 2006
Externally published	Yes

ASJC Scopus subject areas

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

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10.1111/j.1467-6486.2006.00612.x

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Top management teams, strategy and financial performance: A meta-analytic examination

Abstract

ASJC Scopus subject areas

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