In the current era of intensifying global competition, much attention has been focused on how companies need to change their structures and processes, or more broadly, organizational cultures, to remain competitive in this environment. Three recent studies have examined the nature of accounting firms' organizational cultures. Soeters and Schreuder (1988) and Pratt, Mohrweis and Beaulieu (1993) tested the degree to which accounting firms are able to transfer their home‐country or ganizational cultures to their foreign operations, while Pratt and Beaulieu (1992) analyzed the organizational culture of U.S. accounting firms operating in their home country. An implicit premise of these prior studies is that an accounting firm's organizational culture is an important determinant of its economic success. Thus, Pratt and Beaulieu (1992) hypothesized that organizational culture would vary with such variables as accounting firm size and functional area. Yet none of these prior studies has directly studied the nature of these firms’ external environments to which they were presumably responding. Nor have they directly measured the fit between these firms' organizational cultures and the external environment, or the effect of this fit on firm performance. The current study extends the empirical investigation to these assumed linkages. Data were collected from a sample of accounting firms operating in an important Pacific Rim participant in the global economy — Taiwan. The results are consistent with the fit between organizational culture and the environment being an important determinant of firm performance.
Research highlights the role of the shareholding proportion of the largest shareholder (TOP1) in the relationship of top management team (TMT) heterogeneity and corporate innovation performance. The empirical study makes use of a panel smooth transition regression model (PSTR) to investigate the nonlinear relationship between top management team (TMT) heterogeneity and corporate innovation performance in listed companies of household appliance industry. Data from a sample of 18 China listed household appliance industry from 2004-2014 provides us with a good opportunity to explore empirical evidences for the relationship. Following this idea, we propose to detect innovation performance by focusing on the proportion of the largest shareholder. We reveal that as the shareholding proportion of the largest shareholder becomes different, a nonlinear transition is found in relationship between TMT heterogeneity and innovation performance. The result shows that the model is divided into low regime and high regime at the point of TOP1 = 0.3144. Since equity structure and equity concentration varies in different regimes, the influence of TMT heterogeneity on corporate innovation performance has nonlinear changes as well.
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