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基于TMT人力资本和隐退创始人领导行为视角的民营企业持续成长研究 Title:AStudyontheSustainableGrowthofPrivateEnterprisesBasedonTMTHumanCapitalandFounder'sLeadershipBehaviorfromthePerspectiveofHiddenRetirement Abstract: Privateenterprisesplayasignificantroleinpromotingeconomicdevelopmentandsocialstability.However,manyoftheseenterprisesfaceissuesrelatedtothesustainablegrowthanddevelopment.Thisstudyaimstoexploretherelationshipbetweentopmanagementteam(TMT)humancapital,founder'sleadershipbehavior,andthesustainablegrowthofprivateenterprises.Additionally,thestudyfocusesontheinfluenceofhiddenretirementonthesefactors.Thefindingsofthisresearchwillcontributetoenhancingtheunderstandingofthefactorsthatdrivethesustainablegrowthofprivateenterprisesandprovidevaluableinsightsforentrepreneursandpolicymakers. 1.Introduction Privateenterpriseshaveincreasinglybecomethedrivingforcebehindeconomicgrowthworldwide.However,manyfacenumerouschallengesinachievingandmaintainingsustainablegrowth.Toaddressthesechallenges,itiscrucialtoexaminefactorsthatinfluencethelong-termsuccessofprivateenterprises.ThispaperaimstoinvestigatetheimpactofTMThumancapital,founder'sleadershipbehavior,andhiddenretirementonthesustainablegrowthofprivateenterprises. 2.TMTHumanCapitalandSustainableGrowth Thetopmanagementteamperformsavitalroleindrivingthesustainablegrowthofprivateenterprises.Humancapital,consistingoftheknowledge,skills,andabilitiespossessedbyindividuals,isacrucialdeterminantofTMTeffectiveness.Thisstudywillexplorehowthecomposition,diversity,andexpertiseoftheTMTinfluencethelong-termgrowthanddevelopmentofprivateenterprises. 3.Founder'sLeadershipBehaviorandSustainableGrowth Thefounder'sleadershipbehaviorsignificantlyaffectsthesustainablegrowthofprivateenterprises.Leaderswhopossesstransformationalleadershiptraits,suchasvision,innovation,andeffectivecommunication,createapositiveorganizationalclimatethatfostersinnovationandemployeecommitment.Thisstudywillinvestigatetheimpactoffounder'sleadershipbehavioronthegrowthandperformanceofprivateenterprises.