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| Author: | Finkelstein, S. Hambrick, D.C. |
| Title: | Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion. |
| Journal: | Administrative Science Quarterly
1990 : SEP, VOL. 35:3, p. 484-503 |
| Index terms: | ORGANIZATIONAL PERFORMANCE TOP MANAGEMENT CORPORATE STRATEGY |
| Language: | eng |
| Abstract: | The relationship between managerial and such organizational outcomes as strategic persistence and conformity in strategy and performance with other firms in an industry is examined. In organizations in the computer, chemical, and natural-gas distribution industries, executive-team tenure had a significant effect on strategy and performance, with long-tenured managerial teams following more persistent strategies, strategies that conformed to central tendencies of the industry, and exhibiting performance that closely adhered to industry averages. Results differed depending on the level of managerial discretion, with the strongest results occurring in contexts that allowed managers high discretion. |
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