Metacognition, entrepreneurial orientation, and firm performance : An upper echelons view

Book chapter


Najmaei, Arash and Sadeghinejad, Zahra. (2019). Metacognition, entrepreneurial orientation, and firm performance : An upper echelons view. In In Caputo, Andrea and Pellegrini, Massimiliano M. (Ed.). Contributions to management science pp. 79-114 Springer. https://doi.org/10.1007/978-3-030-19685-1_5
AuthorsNajmaei, Arash and Sadeghinejad, Zahra
EditorsCaputo, Andrea and Pellegrini, Massimiliano M.
Abstract

Upper echelons theory suggests that cognitive diversity in top management teams (TMTs) affects firms’ operation and performance. Prior research in this stream has focused primarily on lower-order cognitive factors, such as beliefs, perceptions, and preferences, rather than higher-order ones, known as metacognitive abilities. This study is an early, perhaps the first, attempt to begin this line of enquiry. Adopting a multidimensional view of entrepreneurial orientation, we propose that diversity in the metacognitive ability of top teams has different impacts on each dimension of the team’s entrepreneurial behavior and through this firm performance. Our empirical analysis, based on data from 105 TMTs of Australian small- and medium-sized enterprises (SMEs), partially supports our theorization. We found that while metacognitive diversity is positively associated with the innovative endeavors of TMTs, it has no significant effects on their risk-taking and proactive behaviors. We found additional evidence that each aspect of the TMT’s entrepreneurial orientation has a different implication for firm performance. Overall, our research offers novel and more nuanced insights into how and when diversity in the metacognitive ability of TMTs matters for the performance of the firm.

Keywordstop management team; diversity; metacognition; entrepreneurial orientation; firm performance
Page range79-114
Year2019
Book titleContributions to management science
PublisherSpringer
Place of publicationCham
Edition1st ed.
SeriesContributions to Management Science
ISBN9783030196844
9783030196875
9783030196851
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-030-19685-1_5
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Online03 Aug 2019
Publication process dates
Deposited01 Sep 2021
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