Basic Search / Detailed Display

Author: 林芝樺
Chih-Hua Lin
Thesis Title: 高階經理人的組成與新創事業投資組合多樣性
The configuration of top managers and diversity of corporate venturing portfolio
Advisor: 林舒柔
Lin, Shu-Jou
Degree: 碩士
Master
Department: 全球經營與策略研究所
Graduate Institute of Global Business and Strategy
Thesis Publication Year: 2012
Academic Year: 100
Language: 中文
Number of pages: 56
Keywords (in Chinese): 高階管理團隊風險投資異質性外部連結
Keywords (in English): top management team, corporate venturing, heterogeneity, external ties
Thesis Type: Academic thesis/ dissertation
Reference times: Clicks: 268Downloads: 0
Share:
School Collection Retrieve National Library Collection Retrieve Error Report
  •   本研究在探討高階管理團隊(Top management team, TMT)的組成對新創事業投資組合多樣性的影響。研究主要探討高階管理團隊的兩個組成特色:(1)高階管理團隊的性別異質性(2)高階管理團隊的外部連結。並依其兩個組成特色去探討與新創事業投資組合多樣性之間的關係。在本研究,我們樣本選擇由臺灣經濟新報(TEJ)資料庫中所提供之2004年以前之上市上櫃的臺灣電子IC設計產業為主,觀察期間為2005年以及2006年。
      由於我們研究的樣本是在台灣,而對於台灣的產業環境而言,在高階管理團隊中,高階經理人其持股率會影響公司決策。因此,本研究加入高階管理團隊成員持股率當作調節變數(moderator),探討高階管理團隊成員持股率是否會正向調節高階管理團隊的組成與新創事業投資組合的多樣性。
      本研究之研究方法採用Panel Data迴歸分析方法,自變項為高階管理團隊男女性別組成、高階管理團隊外部兼任公司家數;依變項為新創事業投資組合多樣性。分析各自變項對新創事業投資組合多樣性是否造成影響。主要研究結果為,若研究將高階管理團隊分成董監事以及高階管理者時,在高階管理者的部分其外部連結愈多與新創事業投資組合的多樣性會呈現正相關。

      This study investigates how a firm’s configuration of top management team (TMT) influences diversity of corporate venturing portfolio. The study focuses on two characteristics of TMT configuration: heterogeneity and density of external ties. The researchers explore whether and how these two factors associate with the diversity of corporate venturing portfolio.
      In this study, we choose firms listed in Taiwan Stock Exchange before the 2004 and operating in the IC design electronics industry. The observation window is from 2005 to 2006. We also add the TMT ownership as a moderator.
      This study adopts the method of the Panel Data. We scrutinize two groups of top management team: one is the board of directors and the other is upper-echelon executives. The empirical results show that external ties is positive associated with the diversity of the corporate venturing portfolio for the group of upper-echelon executives.

    第一章 緒論 ................................1 1.1研究背景 ................................1 1.2研究目的 ................................3 1.3研究流程 ................................3 第二章 文獻探討 ..........................4 第三章 假說推論 ..........................9 3.1高階管理者的異質性 .......................10 3.2高階管理者的外部連結 .....................12 3.3 高階管理團隊成員持股率的影響 .............13 第四章 研究方法 ..........................14 4.1 研究設計與架構 .........................14 4.2 資料來源與處理 .........................16 4.3研究變項 ...............................18 4.4 計量方法 ..............................25 第五章 實證結果 ............................26 5.1 描述性統計分析 .........................26 5.2 相關分析結果 ...........................34 5.3迴歸分析結果 ............................38 第六章 結果與討論 .........................45 6.1研究結果與討論 ..........................45 6.2研究結論 ...............................47 6.3研究貢獻 ...............................49 6.4研究限制與後續研究建議 ...................50 英文參考文獻 ...............................51

    Amason, A. C. (1996). "Distinguishing the effects of
      functional and dysfunctional conflict on strategic   
      decision making:Resolving a paradox for top management
      teams." Academy of Management Journal ,39(1),123-148.
    Ancona,D. G.& D. F. Caldwell (1992). "Bridging the  
      boundary: External activity and performance in
      organizational teams." Administrative Science
      Quarterly ,37(4), 634-665.
    Ancona, D.G. & D. F. Caldwell (1992). "Demography and
      design:Predictorsof new product team
      performance."Organization Science ,3(3),321-341.
    Bantel, K. A.&S. E. Jackson (1989). "Top management and
      innovations in banking: Does the composition of the top
      team make a difference? " Strategic Management   
      Journal ,10,107-124.
    Barkema, H. G., & Shvyrkov, O.(2007). "Does top management
      team diversity promote or hamper foreign expansion? "
      Strategic Management Journal,28(7), 663-680.
    Becker-Blease, J.R.,&Sohl, J. E.(2011). "The effect of
      gender diversity on angel group 
      investment."Entrepreneurship: Theory & Practice,35(4),
      709-733.
    Blau, P.M. (1977). "Inequality and heterogeneity. " Free
      Press. New York
    Boeker, W. (1997)."Strategic change:The influence of
      managerial characteristics and organizational growth."
      Academy of Management Journal,40(1): 152-170.
    Byrnes,J.P.,D.C.Miller&W.D.Schafer (1999)."Gender
    difference in risk taking:A meta-analysis."Psychological
    Bulletin,125,367-383.
    Collins, C. J. & K. D. Clark (2003). "Strategic human
    resource practices, top management team social networks,
    and firm performance:The role of human resource
    practices in creating organizational competitive
    advantage. "Academy of Management Journal ,46(6), 740-
    751.
    Daellenbach, U. S., & McCarthy, A. M. (1999). "Commitment
    to innovation:The impact of top management team
    characteristics. " R&D Management,29(3), 199.
    Das, R.,& Mohanty, B.(1981). "Choosing a diversification
    project in a regulated economy. " Long Range Planning,14
    (2), 78-86.
    Dimov, D. (2007). "From opportunity insight to opportunity
    intention: The importance of person-situation learning
    match."Entrepreneurship: Theory & Practice,31(4),561-
    583.
    Eisenhardt, K. M. (1989). "Making fast strategic decisions
      in high-velocity environments." Academy of Management
      Journal, 32(3), 543-576.
    Eisenhardt, K. M. & C. B. Schoonhoven
    (1990). "Organizational growth:linking founding team,
    strategy, environment, and growth among U.S.
    semiconductor ventures, 1978-1988." Administrative
    Science Quarterly,35(3),504-529.
    Gargiulo, M. & M. Benassi (2000). "Trapped in your own net?
    Network cohesion, structural holes, and the adaptations
    of social capital."Organization Science ,11(2),183-196.
    Geletkanycz, M. A. & D. C. Hambrick (1997). "The external
    ties of top executives:Implications for strategic choice
    and performance."Administrative Science Quarterly ,42
    (4),654-681.
    Hambrick, D. C.(2007). "Upper echelons theory:An update."
    Academy of Management Review ,32(2),334-343.
    Hambrick, D. C., Cho, T. S. & Ming-Jer,C.(1996). " The
    influence of top management team heterogeneity on firms'
    competitive moves."Administrative Science Quarterly, 41
    (4), 659-684.
    Hambrick, D.C.& P. A.Mason(1984). "Upper echelons: The
    organization as a reflection of its top managers."
    Academy of Management Review ,9(2),193-206.
    Hayes, R. H., & Abernathy, W. J. (1980). "Managing our way
    to economic decline. " Harvard Business Review, 58(4),
    67-77.
    Jae Wook Yoo, Richard Reed, Shung Jae Shin & David J. Lemak
      (2008)."Strategic choice and performance in late
      movers:influence of the top management team’s external
      ties." Journal of Management Studies ,46(2).
    Kor, Y. Y. & J. T. Mahoney (2000). "Penrose’s resource-
      based approach: The process and product of research
      creativity." Journal of Management Studies ,37(1),109-
      139.
    Krishnan, H. A. & D. Park (2005). "A few good women—on top
      management teams."Journal of Business Research ,58
    (12),1712-1720.
    Lant, T. K. & F. J. Milliken(1992)."The role of managerial
    learning and interpretation in strategic persistence and
    reorientation: An empirical exploration." Strategic
    Management Journal ,13(8),585-608.
    Lee, P. M.,&James, E. H. (2007). "She'-e-os: gender effects
    and investor reactions to the announcements of top
    executive appointments." Strategic Management Journal,28
    (3),227-241.
    MacMillan, I. C., & Narasimha, P. N. S. (1987). "Research
    notes and communications:Characteristics distinguishing
    funded from unfunded business plans evaluated by venture
    capitalists." Strategic Management Journal, 8(6), 579-
    585.
    Mahoney, J. T. & J. R. Pandian (1992). "The resource-based
      view within the conversation of strategic management."   Strategic Management Journal,13(5),363-380.
    Main, B. G. M., O'Reilly Iii, C. A., & Wade, J.(1993). "Top   executive pay:Tournament or teamwork?" Journal of Labor
      Economics,11(4), 606.
    Mayer, M. & R. Whittington (2003). "Diversification in
      context: A cross-national and cross-temporal
      extension." Strategic Management Journal ,24(8),773-781.
    Miller, C. C., Burke, L. M., & Glick,W. H.(1998). "
      Cognitive diversity among upper-echelon executives:
    Implications for strategic decision processes. "
      Strategic Management Journal,19(1),39.
    Monge, P. R., Cozzens, M. D., & Contractor, N. S
      (1992). "Communication and motivational predictors of    the dynamics of organizational innovation."Organization
      Science, 3(2), 250-274.
    Olsen, R. A., & Cox, C. M. (2001). "The influence of gender
      on the perception and response to investment risk: The
      case of professional investors. "Journal of Psychology
    & Financial Markets, 2(1), 29-36.
    Palepu, K. (1985). "Diversification strategy, profit
      performance and the Entropy measure." Strategic  
      Management Journal ,6(3),239-255.
    Palmer, D. A., Jennings, P. D., & Zhou, X. (1993)."Late
      adoption of the multidivisional form by large U.S.  
      Corporations: Institutional, political,and economic
      accounts." Administrative Science Quarterly ,38(1),100-
      131.
    Patzelt, H., D. Zu Knyphausen-Aufseß,& Fischer,
    (2009). "Upper echelons and portfolio strategies of
      venture capital firms." Journal of Business
      Venturing ,24(6),558-572.
    Pelled, L. H., Eisenhardt, K. M.,&Xin, K. R.
      (1999). "Exploring the black box: An analysis of work
      group diversity, conflict, and performance."Science
      Quarterly, 44(1), 1-28.
    Porter,M.(1990). "Have we lost faith in competition? "
      Across the Board,September,37-46
    Rangan, S.(2000). "The problem of search and deliberation
      in economic action: When social networks really   
      matter." Academy of Management Review ,25(4), 813-828.
    Reichert, T., & Carpenter, C.(2004). "An update on sex in
      magazine advertising:1983 to 2003." Journalism & Mass
      Communication Quarterly, 81(4), 823-837.
    Sanders, W. M. G.,&Boivie,S.(2004). " Sorting things out:
      Valuation of new firms in uncertain markets." Strategic
      Management Journal,25(2),167-186.
    Simons, T., Pelled, L.H., &Smith, K. A.(1999). "Making use
      of difference:diversity, debate, and decision   
      comprehensiveness in top management teams." Academy of
      Management Journal, 42(6), 662-673.
    Smith, K. G., Smith, K. A., Sims Jr, H. P., O'Bannon, D.
      P., Scully, J. A., & Olian, J. D. (1994). "Top
      management team demography and process: The role of
      social integration and communication."Administrative
      Science Quarterly ,39(3),412-438.
    Tushman, M. L. (1977). "Special boundary roles in the
      innovation process. "Administrative Science Quarterly,
      22(4), 587-605.
    Waller, M. J., Huber, G.P.,&Glick,W. H.(1995)."Functional
      background as a determinant of 'executives' selective
      perception." Academy of Management Journal ,38(4),943-
    974.
    Wiersema, M. F., & Bantel, K. A.(1992). "Top management
      team demography and corporate strategic change."
      Academy of Management Journal, 35(1),91-121.

    無法下載圖示 This full text is not authorized to be published.
    QR CODE