 Overseas R%D investments of emerging market firms: the impact of top management team compositionKiattichai Kalasin International Journal of Business and Emerging Markets, 2014, vol. 6, issue 2, 183-200 Abstract: Existing literature suggests that capability building is the primary motive behind the R%D internationalisation of emerging market (EM) firms. The literature, however, has not adequately examined the impact the top management team's (TMT) composition on R%D internationalisation. Building on the upper echelon theory, this study investigates the effect of the TMT's international exposure on an EM firm's decision to set up R%D centres overseas in advanced economies. The study also explores the moderating role of the CEO-age mechanism on this relationship. Data from a sample of 170 firms from 11 EMs over a six-year period indicate that TMT composition has a positive impact on the capability-building strategy of EM firms. Experience in international settings enables managers to explore technology and acquire greater foreign knowledge, while the CEO-age does not moderate the relationship observed between a TMT's international exposure and its foreign R%D centre. Keywords: top management teams; TMT; overseas R%D centres; emerging markets; upper echelon theory; international exposure; R%D investment; research and development; team composition; R%D internationalisation; moderating role; CEOs; age; capability building. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbema:v:6:y:2014:i:2:p:183-200 Access Statistics for this article More articles in International Journal of Business and Emerging Markets from Inderscience Enterprises Ltd |
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