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Meng, S, Yan, J and Cao, X (2019) Heterogeneity in top management teams and outward foreign direct investment: evidence from Chinese listed companies. Frontiers of Business Research in China, 13 (1). 16 - 16. ISSN 1673-7431

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Abstract

Drawing upon the knowledge-based view and team learning, we investigated how heterogeneity in top management teams (TMTs) in China influences global expansion strategies. Using panel data from Chinese listed firms from 2008 to 2014, we found that TMT functional background heterogeneity could positively affect firms’ commitment to outward foreign direct investment (OFDI), as the diversification of TMT members can enrich the team’s knowledge, facilitate efficient team learning, and enhance the decision-making capacity on overseas expansion. However, tenure heterogeneity may hinder knowledge acquisition and team learning among TMT members, hence undermining firms’ OFDI commitment.

Item Type: Article
Additional Information: This is the final published version of the article (version of record). It first appeared online via Springer at http://doi.org/10.1186/s11782-019-0063-0 - please refer to any applicable terms of use of the publisher.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Humanities and Social Sciences > Keele Business School
Related URLs:
Depositing User: Symplectic
Date Deposited: 09 Oct 2019 08:12
Last Modified: 09 Oct 2019 08:17
URI: https://eprints.keele.ac.uk/id/eprint/7002

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