20.500.12556/DKUM-98403 Does corporate entrepreneurship moderate the relationship between top management team heterogeneity and company performance? Ali podjetniško vedenje moderira odnos med heterogenostjo vrhnjih management timov in uspešnostjo podjetja? The importance of top management team (TMT) heterogeneity is increasingly recognized in strategic management. Despite numerous research studies, the results remain inconsistent. This research aims to address this gap by examining the moderating effect of the internal context in which TMT operates, specifically corporate entrepreneurship (CE). CE is an opportunity for modern companies to achieve a competitive advantage and has gained significant attention in both literature and practice over the past decade. Methodology: The study seeks to determine whether CE moderates the relationship between TMT heterogeneity and company performance. The research was conducted using secondary and primary data with samples of 62 companies and 444 respondents. Moderated regression analysis was employed for hypothesis testing. Findings: The results confirm CE’s moderating effect and its positive, significant impact on company performance, as measured by return on assets and return on sales. Implications for theory and practice: The paper contributes to the literature by addressing the identified research gap. The inclusion of moderating variables in research models is necessary, as existing research in upper-echelon theory requires improved methodology to achieve greater consistency in results. Furthermore, research results identified recommendations for improving CE implementation in companies. Originality and value: Due to the limited prior research on this topic, this paper makes a meaningful contribution to the upper echelons’ theory. The findings indicate that corporate entrepreneurship exerts a moderating effect on the relationship between TMT heterogeneity and company performance. Pomen heterogenosti vrhnjega management tima (VMT) je v strateškem managementu vse bolj prepoznan. Kljub številnim raziskavam pa rezultati ostajajo nedosledni. Namen te raziskave je zapolniti ugotovljeno vrzel z analizo moderirajočega učinka notranjega konteksta, v katerem VMT deluje, pri čemer je poudarek na podjetniškem vedenju v podjetju (corporate entrepreneurship – CE). CE predstavlja pomembno priložnost sodobnih podjetij za doseganje konkurenčne prednosti in je v zadnjem desetletju deležno vse večje pozornosti tako v literaturi kot v praksi. Metodologija: Raziskava preučuje, ali CE moderira odnos med heterogenostjo VMT in uspešnostjo podjetja. Izvedena je bila na podlagi sekundarnih in primarnih podatkov z vzorcem 62 podjetij in 444 anketirancev. Za preverjanje hipotez je bila uporabljena moderacijska regresijska analiza. Ugotovitve: Rezultati potrjujejo moderirajoč učinek CE ter njegov pozitiven in statistično značilen vpliv na uspešnost podjetja, merjeno z donosnostjo sredstev in donosnostjo prodaje. Prispevek k teoriji in praksi: Članek prispeva k literaturi z obravnavo raziskovalne vrzeli. V raziskovalne modele je nujno vključevati moderirajoče spremenljivke, saj obstoječe raziskave v okviru teorije zgornjih ešalonov zahtevajo metodološke izboljšave za doseganje večje konsistentnosti rezultatov. Poleg tega rezultati raziskave nudijo priporočila za izboljšanje implementacije CE v podjetjih. Izvirnost in vrednost: Zaradi pomanjkanja predhodnih raziskav na tem področju članek predstavlja pomemben znanstveni prispevek k teoriji zgornjih ešalonov. Raziskava potrjuje obstoj moderirajočega učinka CE. strategic management corporate entrepreneurship top management team heterogeneity moderating variables company performance strateški management podjetniško vedenje v podjetju heterogenost vrhnjega management tima moderirajoče spremenljivke uspešnost podjetja true true true Angleški jezik Slovenski jezik Znanstveno delo 2026-06-10 10:52:02 2026-06-10 10:52:02 2026-06-11 03:07:59 0000-00-00 00:00:00 2026 0 0 str. 155-166 issue 2 Vol. 59 2026 0000-00-00 Zaloznikova Objavljeno NiDoloceno 2025-01-23 2026-01-26 2026-05-27 005.336.1 280948483 10.2478/orga-2026-001 1318-5454 https://organizacija.fov.um.si/sl/stevilke/let-59-st-2-2026/ 1 a6e7d422-64a9-11f1-a53d-00155d580e34 https://dk.um.si/Dokument.php?lang=slv&id=206985 RAZ_Kokot_Karolina_2026.pdf RAZ_Kokot_Karolina_2026.pdf 1 B4BBF8375B46E23D242497ACAF9B43B5 a8365edb68059017a35d0eb36b6aefc4985818a08824eab28fe2eed5c947e9fa 5ff2dd8d-64aa-11f1-a53d-00155d580e34 https://dk.um.si/Dokument.php?lang=slv&id=206986 Fakulteta za organizacijske vede Organizacija 0 0 0