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Managers' nationalities and FDI's productivity: evidence from Korean firm-level data.

Authors :
Chin Hee Hahn
Kazunobu Hayakawa
Tadashi Ito
Source :
Industrial & Corporate Change; Dec2016, Vol. 25 Issue 6, p941-953, 13p, 8 Charts, 2 Graphs
Publication Year :
2016

Abstract

This study contributes to the literature on the impact of managerial structure on firms' productivity, considering the trade-off between local managers and expatriate managers. It employs data on Korean-origin foreign direct investment and first finds that the local manager ratio is associated with productivity improvements in uncertain business environments (developing countries) but not in stable and predictable business environments (developed countries). Second, this study finds that the local manager ratio is associated with raised firm productivity only in less research and developmentintensive industries. Policy implications are drawn from these findings. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09606491
Volume :
25
Issue :
6
Database :
Complementary Index
Journal :
Industrial & Corporate Change
Publication Type :
Academic Journal
Accession number :
120088512
Full Text :
https://doi.org/10.1093/icc/dtw007