Managers as knowledge carriers – Explaining firms’ internationalization success with manager mobility

Philipp Meinen, Pierpaolo Parrotta, Davide Sala and Erdal Yalcin
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Philipp Meinen: Aarhus University [Aarhus]
Davide Sala: Aarhus University [Aarhus]

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Abstract: While managerial mobility is ubiquitously seen as an integral part of the success in firms' internationalization, discerning its empirical merits has been impaired by the paucity of quasi-experimental evidence, or adequate instrumental variables. To overcome these objective limitations, this paper proposes a novel identification strategy, which uses a control function based on on-the-job search theory to correct estimates for the presence of self-selected mobility flows. Our analysis confirms the finding that managers' specific market experience matters for firms' internationalization, especially when it derives from longer tenures at the former jobs. Regarding the attributes of managerial knowledge, our results reveal that on-the-job earned experience is at least as effective for firms' internationalization as in born knowledge (i.e. origins) and that managers' personal network of customers is an important asset in managers' fund of expertise for the expansion into new markets.

Date: 2022-09
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Published in Journal of International Economics, 2022, 138, pp.103633. ⟨10.1016/j.jinteco.2022.103633⟩

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Related works:
Journal Article: Managers as knowledge carriers – Explaining firms’ internationalization success with manager mobility (2022)
Working Paper: Managers as Knowledge Carriers - Explaining Firms' Internationalization Success with Manager Mobility (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03974750

DOI: 10.1016/j.jinteco.2022.103633

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