Heterogeneity in top management teams and outward foreign direct investment: evidenee from Chinese listed companies  

作　　者：Shuai Meng Jiayan Yan Xuebing Cao 

机构地区：[1]Business School,Renmin University of China,Beijing 100872,China [2]School of Business,Nanjing Audit University,Nanjing 211815,China [3]Keele Management School,Keele University,Staffordshire ST55BG,UK

出　　处：《Frontiers of Business Research in China》2019年第3期344-371,共28页中国高等学校学术文摘·工商管理研究（英文版）

摘　　要：Drawing upon the knowledge-based view and team learning,we investigated how heterogeneity in top man agement teams(TMTs)in China in flue nces global expansi on strategies.Using panel data from Chinese listed firms from 2008 to 2014,we found that TMT functional background heterogeneity could positively affect firms'commitment to outward foreign direct investment(OFDI),as the diversification of TMT members can enrich the team's knowledge,facilitate efficient team learning,and enhance the decision-making capacity on overseas expansi on.However,tenure heterogeneity may hinder knowledge acquisition and team learning among TMT members,hence undermining firms/OFDI commitment.

关 键 词：Top management teams(TMTs) TENURE HETEROGENEITY Outward foreign direct investment(OFDI) Knowledge-based view(KBV) Team learning MULTINATIONAL enterprise(MNE) 

分 类 号：F83[经济管理—金融学]