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Do board directors affect the export orientation and export performance of Korean firms? A resource dependence perspective

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journal contribution
posted on 24.08.2017, 10:38 by Jonghoon Nam, Xiaohui Liu, Eleni Lioliou, Mugoan Jeong
Using the Heckman two-stage method, this study empirically investigates whether board directors’ work experience in government and multinational corporations (MNCs), as well as the proportion of outside directors affects export propensity and export performance based on a sample of Korean firms. We find that the Korean firms with former government officials on the board are more likely to engage in exporting, although there is no empirical evidence supporting export performance. The findings also show that firms with former MNC employees on the board demonstrate higher levels of export propensity and export performance. Similarly, firms with a higher proportion of outside directors exhibit a higher level of export propensity and export performance. These findings highlight the importance of the board of directors in Korean firms’ first stage of internationalization and provide new insights into which type of board members can benefit their firms in terms of export propensity and export performance.

History

School

  • Business and Economics

Department

  • Business

Published in

International Business Review

Citation

NAM, J. ...et al., 2017. Do board directors affect the export orientation and export performance of Korean firms? A resource dependence perspective. A Resource Dependence Perspective. International Business Review, 27(1), pp. 269-280.

Publisher

© Elsevier

Version

AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Acceptance date

11/08/2017

Publication date

2017

Notes

This paper was accepted for publication in the journal International Business Review and the definitive published version is available at https://doi.org/10.1016/j.ibusrev.2017.08.001

ISSN

0969-5931

Language

en