인문학
사회과학
자연과학
공학
의약학
농수해양학
예술체육학
복합학
지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록·키워드
Research on the effects of board members’ international experience has produced mixed findings regarding firms’ internationalization. This study addresses this tension by examining how boards’ international experience influences firms’ exporting during crises in an emerging market context. In such settings characterized by financial constraints, weak institutional support, and intensified domestic competition, firms become more dependent on external resources. Drawing on resource dependence theory, I argue that the board of directors serves as a critical governance mechanism that helps firms manage external dependencies under such adverse conditions. Using a sample of Korean manufacturing firms during the Asian Financial Crisis of 1998~1999, I find that internationally experienced directors provide essential resources such as foreign market knowledge, overseas networks, and legitimacy signals to foreign counterparts that shape CEOs’ strategic decisions to pursue exporting as a crisis response. Moreover, I find that firm-level debt and industry market concentration moderate this relationship. Highly leveraged firms tend to focus on short-term survival and underutilize board-provided international resources, whereas firms in concentrated industries are more likely to leverage these resources to compete with dominant local players and expand abroad. The findings contribute to the literature by highlighting the contingent value of boards’ international experience in facilitating internationalization under crisis conditions. They also offer practical implications for firms and policymakers in emerging markets, underscoring the importance of appointing internationally experienced directors to enhance resilience and strategic agility during crises.
본문·목차
인공지능 문자 인식 모델을 통해 추출된 텍스트로, 일부 오타나 오류가 포함될 수 있으나 지속적으로 개선 중입니다.
오류를 발견하셨다면 해당 부분을 드래그한 후 ' 를 통해 신고해주세요.
오류를 발견하셨다면 해당 부분을 드래그한 후 ' 를 통해 신고해주세요.
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UCI(KEPA) : I410-151-26-02-094451648