Drawing on the information processing perspective, this study examines the effects of TMT participative decision-making and heterogeneity on management innovation. It finds that TMT participative decision-making and heterogeneity individual and jointly contribute to management innovation. In addition, the effect of TMT participative decision-making is positively moderated by firm age, whereas that of TMT heterogeneity is negatively moderated by firm age. This study offers insights into how TMTs matter to management innovation, enriching the knowledge of the antecedents of management innovation. It also represents one of the first attempts that introduce firm age as a contingency for the innovation implications of TMTs.
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The information processing perspective has generated a large body of literature that examines innovation at both organizational and individual levels. This study focuses on the organizational level, and all variables used in the study are organizational-level variables.
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We gratefully acknowledge the National Natural Science Foundation of China (71472087 and 71832009) for the generous financial support.
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Su, Z., Chen, J., Guo, H. et al. Top management team’s participative decision-making, heterogeneity, and management innovation: an information processing perspective. Asia Pac J Manag (2021). https://doi.org/10.1007/s10490-021-09752-2
- TMT participative decision-making
- TMT heterogeneity
- Management innovation
- Firm age
- The information processing perspective