高管团队海外背景对企业创新绩效的影响

espite the focus on quantitative assessments of the overseas background of top management team (TMT), little is known about the configuration of the overseas background. This study draws on upper echelons theory to investigate the impact of both the quantitative feature and configuration of TMT overseas background on innovation performance. Based on the panel data from 2005-2012 of Chinese A-share listed companies in pharmaceutical manufacturing industry, we find that the presence of TMT with overseas background positively affects firm innovation performance. Moreover, the overseas experience of CEO shows a significant positive impact on the innovation performance, and the diversity of TMT overseas background sources also positively relates to the enhancement of innovation performance.