国际化
联锁
业务
产业组织
新兴市场
资源依赖理论
代理(哲学)
情感(语言学)
透视图(图形)
营销
国际贸易
管理
经济
财务
心理学
沟通
认识论
电气工程
计算机科学
工程类
哲学
人工智能
作者
Saneesh Edacherian,Vidya Sukumara Panicker
标识
DOI:10.1016/j.ibusrev.2021.101953
摘要
Research that links boards in general and interlocks in particular with internationalization activities of emerging market multinationals (EMNEs) has recently garnered significant attention. However, a focused examination of the impact of the interlocks of different types of directors on the nature of EMNE internationalization strategy is missing. To address this gap, we use an integrated agency–resource dependence perspective to distinguish board interlocks provided by inside directors from those provided by independent directors to demonstrate their impact on exploratory and exploitative internationalization. We test our hypotheses on 1996 observations of Indian firms between 2011 and 2017. Our results show that while inside director interlocks promote exploitative strategies over exploratory internationalization strategies, independent director interlocks deter exploitative internationalization. Furthermore, these preferences are contingent upon the R&D intensity of the firm.
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