We examine the effect of hierarchy on analyst teams' performance using a large sample of financial analysts from China …. Hierarchy, defined as the disparity in power or status within a group, which we operationalise as the difference in experience … between the senior and junior analyst in a team, is an important aspect of team structure that could affect team performance …

Companies increasingly shift from hierarchical to team-based organizational structures. Scholars and practitioners … performance time-wise, but also team organization, without reducing the originality of solutions. Hence, leadership encouragements … can serve as a cost-effective tool to foster team performance. …