Frequency of international expansion through high control market expansion modes and interlocked directorships

Siah Hwee Ang, Mirko H. Benischke and Andrea Wai-Leng Hooi

Journal of World Business, 2018, vol. 53, issue 4, 493-503

Abstract: This study investigates director interlock as a mechanism by which an MNC learns and adopts high control market expansion modes that other MNCs use. Using data on greenfields and acquisitions by S&P 500 firms in the period 2003–2010, we find a significant relationship between the use of high control market expansion modes by interlocked MNCs and the frequency of international expansion of a focal MNC through such modes in unrelated industries, with the relationship stronger for the depth of interlocked director experience. The findings contribute to the literatures around the frequency of international expansion and microfoundations of international strategy.

Keywords: Director interlock; Microfoundations; Frequency of international expansion; Foreign market entry mode; High control entry mode (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (16)

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DOI: 10.1016/j.jwb.2018.02.003

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