| dc.description.abstract | When living in the environment with increasing uncertainty and dynamism, the directions guided by a firm’s top management team (TMT) become more crucial. Compared to other resources possessed by organizations, human capital can establish the competitive advantages more easily, because it’s hard to be imitated, transferred, or entirely substituted. The human capital that is possessed by the TMT, with its higher complexity of the knowledge, skills, and experience, can help the enterprise make more profit and expand its innovative fields.
Furthermore, the results of the empirical research in the academic field have established a positive relationship between TMT human capital and organizational performance. However, most of them emphasize on the relationship with TMT Diversity. Other types of TMT Human Capital, such as TMT Work Experience and TMT Tenure, are often defined as other kinds of variables in the research.
Therefore, TMT Human Capital, TMT Tenure, TMT Education, TMT Composition, and TMT Diversity are applied as the keywords to search for the paper which contains the variables about organizational performance. The paper should also has passed SSCI. After we confirm the completeness of the required information, we then categorize different types of TMT Human Capital and utilize meta-analysis to explore the correlation between TMT Human Capital and the organizational performance about finance and innovation.
There are 78 articles, comprising 23,826 data, are collected for analysis to investigate the impact of TMT on organizational performance conducted by meta-analysis. The results of this study indicate that TMT General/Specific Human Capital and TMT Diversity have a significant positive impact on financial performance. Meanwhile, TMT Diversity have a significant positive impact on innovation performance. Last but not least, TMT work experience in terms of specific definition (total years of work experience and tenure with the current company) is significantly positively correlated with the organizational performance. According to the result, enterprises can evaluate their circumstances from a comprehensive perspective, and propose corresponding solutions and preventive measures by establishing a diverse TMT. Simultaneously, they can increase the stock of human capital and the accumulation of work experience of the TMT through the improvement of organizational training and talent development systems, to achieve a positive impact on the management and operation of the organization. Finally, in terms of innovation performance, it is necessary to create a supportive organizational atmosphere to motivate employees to demonstrate innovative behavior, which can facilitate the achievement of goals such as expanding into new markets, products, and strategic transformation. | en_US |