Leadership Experience Meets Ownership Structure: Returnee Managers and Internationalization of Emerging Economy Firms

Lin Cui, Yi Li (), Klaus Meyer and Zijie Li
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Lin Cui: Australian National University
Yi Li: Australian National University
Zijie Li: Business School, University of International Business and Economics

Management International Review, 2015, vol. 55, issue 3, No 3, 355-387

Abstract: Abstract How does returnee managers’ international leadership experience influence emerging economy firms’ internationalization? The internationalization process model suggests that international experience plays a central role enabling firms’ internationalization moves. We propose that emerging economy firms can accelerate their development of international experience—and hence their international commitments—by grafting returnees with international leadership experience. We hypothesize that such international leadership experience has a positive effect on firm internationalization, and that this effect is strengthened by central-state ownership and private ownership, but weakened by local-state ownership and foreign ownership. Using 8-year (2001–2008) event-historical data from 164 Chinese electronic manufacturing firms, we found empirical support to our theoretical arguments. Specifically, returnee managers’ international leadership experience is positively associated with emerging economy firms’ likelihood of conducting foreign direct investment, while for other forms of international experience no positive effect can be detected. Our analysis of moderation by firms’ ownership type finds that this positive association is strengthened by central-state and private ownerships, but weakened by local-state and foreign ownership.

Keywords: Returnee manager; International experience; Emerging economy; Internationalization process; Corporate ownership; Event history analysis (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s11575-014-0221-8

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