Attraction versus competition: A tale of two similarity effects in director selection of Chinese firms

Renfei Gao (), Helen Wei Hu () and Toru Yoshikawa ()
Additional contact information
Renfei Gao: University of Manchester
Helen Wei Hu: University of Melbourne
Toru Yoshikawa: Singapore Management University

Asia Pacific Journal of Management, 2024, vol. 41, issue 1, No 11, 275-316

Abstract: Abstract Extant research has focused primarily on the collaborative side of chair-director similarity in director selection, whereas the potential competitive side remains underexplored. Emphasizing the dual role of directors as both collaborators and competitors, as perceived by chairs, we incorporate both the similarity-attraction logic and the similarity-competition logic in director selection and develop a collaborative-competitive framework to reconcile the tension between them. Based on new director selection data from Chinese listed firms, we find that chair-director similarity in the competitive-oriented political background is negatively related to the likelihood of the director being selected—consistent with the similarity-competition logic, whereas chair-director similarity in the collaborative-oriented technological background is positively related to the likelihood of the director being selected—consistent with the similarity-attraction logic. Furthermore, we reveal how the similarity-derived effects are contingent on within-similarity heterogeneity. Our study advances research on director selection by providing a more fine-grained understanding of chair-director similarity in director selection.

Keywords: Chair-director similarity; Director selection; Similarity-attraction; Similarity-competition; Collaborative-competitive framework (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10490-022-09850-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:asiapa:v:41:y:2024:i:1:d:10.1007_s10490-022-09850-9

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/10490/PS2

DOI: 10.1007/s10490-022-09850-9

Access Statistics for this article

Asia Pacific Journal of Management is currently edited by Jane Lu

More articles in Asia Pacific Journal of Management from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().