Top team deterioration as part of the downward spiral of large corporate bankruptcies

Article Abstract:

The characteristics of the top management teams (TMT) of 57 failed banks and an equal number of survivors were investigated. These team attributes under study were classified into two: team resources and team social structure. Team resources had five dimensions: team size, outside directors, functional expertise and team compensation. Team social structure was made up of average tenure, tenure heterogeneity and CEO dominance. Results of the study showed significant differences between failed banks and survivors on a number of TMT composition indicators, and that these gaps widened considerably over the failed banks' last five years of existence. These findings indicate that the deterioration of the top management team is major factor contributing to the collapse of business organizations.

Corporate governance, Bankruptcy, Business failures

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Management European style

Article Abstract:

European corporations exhibit a greater orientation towards the fulfillment of people compared to American and Japanese companies. European managers also express greater tendency to negotiate more actively at internal levels of organization. International diversity is better addressed by European firms compared to their regional counterparts. The European management style can be characterized as a balanced style that stands between the US and Japanese extremes.

Management, Europe, Corporations, Executive ability, Corporations, European

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Uniformity and diversity in Turkish business groups: effects of scale and time of founding

Article Abstract:

Research developing the view that intra-national variety is probably greater in business strategies and structures than in governance processes is presented. This work reinforces macro-institutionalist views calling for strong and lasting impacts of societal institutions on the homogeneity of leading forms of business organization in various national environments.

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