We propose that executive team power strengthens a cycle of "homosocial reproduction" that is interrupted only when teams face such compelling needs for diversity as poor organizational performance, high corporate diversification, and tough market competition. Hypothesis tests in data from major Dutch newspaper publishers over 25 years did not support many of our benchmark expectations. Apparently, top management teams tend to close ranks when environmental complexity and pressure increase. Explanations and new research avenues are discussed.
机构:
Loyola Marymount Univ, Coll Business Adm, Dept Accounting, Los Angeles, CA 90045 USALoyola Marymount Univ, Coll Business Adm, Dept Accounting, Los Angeles, CA 90045 USA
机构:
Shandong Univ, Ctr Econ Res, 27 Shanda South Rd, Jinan 250100, Peoples R ChinaShandong Univ, Inst Study Brain Like Econ, Sch Econ, Jinan, Peoples R China