We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Managerial ties and firm performance in an emerging economy: Tests of the mediating and moderating effects.
- Authors
Wang, Gang; Jiang, Xu; Yuan, Chang-Hong; Yi, Ya-Qun
- 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.
- Subjects
INDUSTRIAL management; BUSINESS enterprises; ORGANIZATIONAL performance; EMPIRICAL research; ECONOMIC models; EXECUTIVES
- Publication
Asia Pacific Journal of Management, 2013, Vol 30, Issue 2, p537
- ISSN
0217-4561
- Publication type
Article
- DOI
10.1007/s10490-011-9254-8