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Asia Pacific Journal of Management

Erschienen in:

01.06.2013

Managerial ties and firm performance in an emerging economy: Tests of the mediating and moderating effects

verfasst von: Gang Wang, Xu Jiang, Chang-Hong Yuan, Ya-Qun Yi

Erschienen in: Asia Pacific Journal of Management | Ausgabe 2/2013

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Abstract

Although the literature documents the direct effects of managerial ties on firm performance, the empirical results are divergent and inconclusive. To explain these disparities, this study (1) develops and tests a model that establishes the role of external resource acquisition as a salient mediating mechanism through which managers’ business and political ties influence firm performance; and (2) examines the moderating role of environmental turbulence that further explains the impact of managerial ties on resource acquisition (the mediator). Results from a survey of 253 firms in China indicate that resource acquisition plays a partial mediating role in the relationships between the two sub-dimensions of managerial ties and firm performance. Environmental turbulence shows a curvilinear (i.e., inverted U-shaped) moderating effect on the business ties–resource acquisition relationship, whereas it dampens the positive effect of political ties on resource acquisition. Theoretical and managerial implications are discussed.

Vorheriger Artikel Favor in exchange for trust? The role of subordinates’ attribution of supervisory favors

Nächster Artikel Resource complementarity and international joint venture performance in Korea

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Titel: Managerial ties and firm performance in an emerging economy: Tests of the mediating and moderating effects
verfasst von: Gang Wang
Xu Jiang
Chang-Hong Yuan
Ya-Qun Yi
Publikationsdatum: 01.06.2013
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 2/2013
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-011-9254-8

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