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TMT functional background heterogeneity and SMEs’ performance: The role of dynamic capabilities and business environment

Lu, Qicheng; Meng, Xiangju; Su, Jiaoyue; Au Kai Ming, Alan; Wu, Yongjie; Wang, Chengqi

Authors

Qicheng Lu

Xiangju Meng

Jiaoyue Su

Alan Au Kai Ming

Yongjie Wu

CHENGQI WANG CHENGQI.WANG@NOTTINGHAM.AC.UK
Professor of Strategy & International Business



Abstract

Drawing on the insights from the upper echelons theory (UET), we advance the understanding of how top management team (TMT) functional background heterogeneity (TMTFBH) influences the performance of technology-based small- and medium-sized enterprises (SMEs). An analysis based on a sample of listed Chinese SMEs shows that TMTFBH has a positive effect on firm performance, and the two dimensions of dynamic capabilities—integrating and innovating capabilities—mediate this relationship. Furthermore, the business environment positively moderates the relationship between dynamic capabilities and firm performance. This study provides a more nuanced understanding of the mechanisms and conditions underlying the effects of TMTFBH on the performance of technology-based SMEs, highlighting the role of dynamic capabilities and the business environment.

Citation

Lu, Q., Meng, X., Su, J., Au Kai Ming, A., Wu, Y., & Wang, C. (2023). TMT functional background heterogeneity and SMEs’ performance: The role of dynamic capabilities and business environment. Journal of Business Research, 160, Article 113807. https://doi.org/10.1016/j.jbusres.2023.113807

Journal Article Type Article
Acceptance Date Feb 12, 2023
Online Publication Date Mar 7, 2023
Publication Date 2023-05
Deposit Date Feb 21, 2023
Publicly Available Date Sep 8, 2024
Journal Journal of Business Research
Print ISSN 0148-2963
Publisher Elsevier BV
Peer Reviewed Peer Reviewed
Volume 160
Article Number 113807
DOI https://doi.org/10.1016/j.jbusres.2023.113807
Keywords TMT functional background heterogeneity; Performance; Dynamic capabilities; Business environment; China
Public URL https://nottingham-repository.worktribe.com/output/17655644
Publisher URL https://www.sciencedirect.com/science/article/abs/pii/S0148296323001650