دانلود رایگان مقاله انگلیسی تجربه بین المللی مدیر اجرایی: تاثیر در تغییر استراتژیک و عملکرد شرکت - اشپرینگر 2017

Abstract

Despite the growing importance of CEOs’ international experience (IE), we have yet to gain sufficient insights into its conceptualization and effect on firm outcomes. Based on prior research and work experience models, we suggest a new framework for measuring IE, including three components: length of time, number of countries, and cultural distance, along with their interactions. Drawing upon social and cognitive learning theories, we explore the impact of CEOs’ IE on two outcomes: strategic change and firm performance. We argue that IE components affect the two outcomes by enhancing executives’ international knowledge and general competencies. While international knowledge may affect firm performance directly, general competencies may affect firm performance both directly and indirectly through strategic change. Using a sample of 387 new CEOs, we found that time abroad had a positive effect on strategic change and firm performance, while number of countries and cultural distance positively moderated these relationships. Additionally, we also found that these components affected firm performance both directly and mediated through strategic change. Our findings have important theoretical implications for the conceptualization and impact of CEOs’ IE and practical implications for executive development and promotion.

DISCUSSION

The purpose of this study is to investigate the effect of CEO IE on strategic change and firm performance using a new framework for conceptualizing and operationalizing CEO IE. The results suggested that the length of time an executive spent abroad had a positive effect on performance, while the number of countries she/he worked in and cultural distance she/he was exposed to strengthened this effect. The results also showed that length of time and its interactions with number of countries and cultural distance enhanced strategic change. Finally, the results showed that length of time and its interactions with number of countries and cultural distance positively affected firm performance both directly and through strategic change. The findings offer several theoretical and practical implications as discussed below.