Mismanagement and miscalculations of the Top Management Team (TMT)
are, alongside general economic cycle arguments, the most commonly proposed
determinants of firm performance. The composition of the TMT is seen
as a crucial variable in shaping organizational outcomes. However, does the
composition of the TMT indeed influence the firm performance? If so, then in
which ways and to what extent? Does the influence differ for firms operating
in dynamically different and various environments? Sabine Kiefer endeavors
to explore the topic of TMT diversity and its influence on the firm performance
by critically investigating German companies. Building upon previous
theories and empirical results, a new - not yet empirically investigated - curvilinear
relationship is proposed. Detailed information about the sample, the
data gathering process and measurement choices are outlined and the hypothesis
is investigated by using regression analysis. This book should appeal to
all those interested in TMT research and its implications on the financial outcomes
of firms.