Top Management Teams, Strategy and Financial Performance: A Meta-Analytic Examination

27 Pages Posted: 30 May 2006

See all articles by S. Trevis Certo

S. Trevis Certo

Arizona State University (ASU)

Richard H. Lester

Louisiana Tech University - College of Business

Catherine M. Dalton

Indiana University - Kelley School of Business - Management & Entrepreneurship

Dan R. Dalton

Indiana University - Kelley School of Business - Management & Entrepreneurship

Multiple version iconThere are 2 versions of this paper

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.

Suggested Citation

Certo, S. Trevis and Lester, Richard H. and Dalton, Catherine M. and Dalton, Dan R., Top Management Teams, Strategy and Financial Performance: A Meta-Analytic Examination. Journal of Management Studies, Vol. 43, No. 4, pp. 813-839, June 2006. Available at SSRN: https://ssrn.com/abstract=904893 or http://dx.doi.org/10.1111/j.1467-6486.2006.00612.x

S. Trevis Certo (Contact Author)

Arizona State University (ASU) ( email )

Farmer Building 440G PO Box 872011
Tempe, AZ 85287
United States

Richard H. Lester

Louisiana Tech University - College of Business ( email )

Railload and College Ave.
Ruston, LA 71272
United States
318-257-3984 (Phone)
318-257-4253 (Fax)

HOME PAGE: http://ir.latech.edu/directory/lookup1.php

Catherine M. Dalton

Indiana University - Kelley School of Business - Management & Entrepreneurship ( email )

Bloomington, IN 47405
United States

Dan R. Dalton

Indiana University - Kelley School of Business - Management & Entrepreneurship ( email )

Bloomington, IN 47405
United States
812-855-8489 (Phone)
812-855-8983 (Fax)

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