方向性问题:董事会联动和公司国际化

IF 5.7 2区 管理学 Q1 BUSINESS
Harun Emre Yildiz, Sergey Morgulis-Yakushev, Ulf Holm, Mikael Eriksson
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引用次数: 7

摘要

研究综述:本文考察了网络关系的一个研究不足的方面,即关系纽带的方向。平局方向很重要,因为它可以决定公司何时以及如何从其他公司的国际经验中受益。我们关注一种特定类型的网络关系,即互锁董事会,它为研究方向性提供了临床背景。我们发现,由于其更高的熟悉度、认同度和执行力,在其他公司董事会任职的焦点公司董事(即离职关系)更有利于利用合作伙伴的国际经验。然而,焦点公司董事会的外部董事(即即将上任的关系)可以带来更有用的第一手经验,并在这些关系变得更加牢固后促进国际扩张。讨论了这些结果的理论和实际意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

Directionality matters: Board interlocks and firm internationalization

Directionality matters: Board interlocks and firm internationalization

Research Summary

This paper examines an understudied aspect of network relationships—that is, direction of relational ties. Tie direction is important since it can shape when and how firms can benefit from the international experience of other firms. We focus on a specific type of network relationship—that is, interlocking directorates, which provides a clinical context to study directionality. We show that, due to their higher familiarity, identification, and executive power, focal firm directors serving in other firms' boards (i.e., outgoing ties) are more beneficial for utilizing partners' international experience. However, outside directors sitting on the boards of focal firms (i.e., incoming ties) can bring more useful first-hand experience and facilitate international expansion once these ties get stronger. Theoretical and practical implications of these results are discussed.

Managerial Summary

As they grow internationally, firms need to manage risks and uncertainties of doing business abroad. In this regard, they can potentially benefit from the international experience of other firms in their network. We show how firms can realize these benefits by means of interlocking ties (i.e., shared board memberships). To that end, we examine the directionality of interlocking ties. Specifically, we argue that a firm's ability to utilize partners' experience for its own international expansion is greater when its directors sit on the boards of other firms (so-called outgoing ties) compared to when other firms' directors sit on its own board (so-called incoming ties). However, experience coming through incoming ties is more effective for a firm's international expansion once these ties get stronger.

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来源期刊
CiteScore
14.20
自引率
11.80%
发文量
46
期刊介绍: The Global Strategy Journal is a premier platform dedicated to publishing highly influential managerially-oriented global strategy research worldwide. Covering themes such as international and global strategy, assembling the global enterprise, and strategic management, GSJ plays a vital role in advancing our understanding of global business dynamics.
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