Technological competence and international diversification; The role of managerial incentives

Laszlo Tihanyi; Robert E. Hoskisson; Richard A. Johnson; William P. Wan

doi:10.1007/s11575-009-0002-y

Author(s)

Laszlo Tihanyi
Robert E. Hoskisson
Richard A. Johnson
William P. Wan

Detail(s)

Original language	English
Pages (from-to)	409-431
Journal / Publication	Management International Review
Volume	49
Issue number	4
Publication status	Published - 2009
Externally published	Yes

Link(s)

DOI	DOI https://doi.org/10.1007/s11575-009-0002-y Final Published version
	Check@CityULib
Link to Scopus	https://www.scopus.com/record/display.uri?eid=2-s2.0-70449578999&origin=recordpage
Permanent Link	https://scholars.cityu.edu.hk/en/publications/publication(bd86d285-8254-4c72-aaeb-ad0740d5a545).html

Abstract

This paper shows that the role of managerial incentives is highlighted by a relatively complex relationship between technological competence and international diversification. By studying a sample of Standard & Poor's 500 member firms, we explore the relationships between technological competence, managerial pay, and international diversification. Results indicated a curvilinear relationship (an inverted U-shape) between technological competence and international diversification. In line with agency theory, contingent pay (stock options and bonuses) was positively related to international diversification. Beyond these direct effects, both contingent and non-contingent pay (cash compensation) moderated the relationship between technological competence and international diversification. © Gabler-Verlag 2009.

Research Area(s)

Corporate governance, Innovation, International strategy, Managerial compensation

Citation Format(s)

[ RIS ] [ BibTeX ]

Technological competence and international diversification; The role of managerial incentives. / Tihanyi, Laszlo; Hoskisson, Robert E.; Johnson, Richard A. et al.
In: Management International Review, Vol. 49, No. 4, 2009, p. 409-431.

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

Tihanyi, L, Hoskisson, RE, Johnson, RA & Wan, WP 2009, 'Technological competence and international diversification; The role of managerial incentives', Management International Review, vol. 49, no. 4, pp. 409-431. https://doi.org/10.1007/s11575-009-0002-y

Tihanyi, L., Hoskisson, R. E., Johnson, R. A., & Wan, W. P. (2009). Technological competence and international diversification; The role of managerial incentives. Management International Review, 49(4), 409-431. https://doi.org/10.1007/s11575-009-0002-y

Tihanyi L, Hoskisson RE, Johnson RA, Wan WP. Technological competence and international diversification; The role of managerial incentives. Management International Review. 2009;49(4):409-431. doi: 10.1007/s11575-009-0002-y

Tihanyi, Laszlo ; Hoskisson, Robert E. ; Johnson, Richard A. et al. / Technological competence and international diversification; The role of managerial incentives. In: Management International Review. 2009 ; Vol. 49, No. 4. pp. 409-431.