Managerial ties, strategic initiatives, and firm performance in Central Asia and the Caucasus
Rent the article at a discountRent now
* Final gross prices may vary according to local VAT.Get Access
Managerial ties are an area commanding managers’ attention in emerging economies. However, no previous study has drawn on cross-country data to address a crucial question: Are more developed market-supporting institutions associated with less use of managerial ties in emerging economies? Further, to strive for better performance, firms also need to develop market-based strategic initiatives. How do these initiatives impact performance? What role do managerial ties play in the relationship? Addressing these questions, this article extends research on managerial ties in emerging economies to an underexplored region—Central Asia and the Caucasus.
- Acquaah, M. 2007. Managerial social capital, strategic orientation, and organizational performance in an emerging economy. Strategic Management Journal, 28: 1235–1255. CrossRef
- Ardichvili, A., & Gasparishvili, A. 2003. Russian and Georgian entrepreneurs and non-entrepreneurs: A study of value differences. Organization Studies, 24: 29–46. CrossRef
- Barney, J. B. 1991. Firm resources and sustained competitive advantage. Journal of Management, 17(1): 99–120. CrossRef
- Blank, S. 2004. Democratic prospects in Central Asia. World Affairs, 166(3): 133–147. CrossRef
- Bruton, G. D., & Lau, C. M. 2008. Asian management research: Status today and future outlook. Journal of Management Studies, 45(3): 636–659. CrossRef
- Chen, Y., Friedman, R., Yu, E., & Sun, F. 2011. Examining the positive and negative effects of guanxi practices: A multi-level analysis of guanxi practices and procedural justice perceptions. Asia Pacific Journal of Management, 28(4): 715–735. CrossRef
- Danis, W., Chiaburu, D., & Lyles, M. 2010. The impact of managerial networking intensity and market-based strategies on firm growth during institutional upheaval: A study of small and medium-sized enterprises in a transition economy. Journal of International Business Studies, 41: 287–307. CrossRef
- Estrin, S., & Prevezer, M. 2011. The role of informal institutions in corporate governance: Brazil, Russia, India, and China compared. Asia Pacific Journal of Management, 28(1): 41–67. CrossRef
- Ford, D. L., & Ismail, K. M. 2006. Perceptions of effective leadership among Central Eurasian managers: A cultural convergence-divergence examination within a globalization context. Journal of International Management, 12: 158–180. CrossRef
- Gelbuda, M., Meyer, K. E., & Delios, A. 2008. International business and institutional development in Central and Eastern Europe. Journal of International Management, 14: 1–11. CrossRef
- Ismail, K. M., & Ford, D. L. 2010. Organizational leadership in Central Asia and the Caucasus: Research considerations and directions. Asia Pacific Journal of Management, 27(2): 321–340. CrossRef
- Kaufmann, D., Kraay, A., & Mastruzzi, M. 2005. Governance matters IV: Governance indicators for 1996–2004. www.worldbank.org/wbi/governance/pdf/govmatters_IV_main.pdf, Accessed Sept. 15.
- Kriauciunas, A., & Kale, P. 2006. The impact of socialist imprinting and search of resource change: A study of firms in Lithuania. Strategic Management Journal, 27: 659–679. CrossRef
- Kwon, Y. 2011. Relationship-specific investments, social capital, and performance: The case of Korean exporter/foreign buyer relations. Asia Pacific Journal of Management, 28(4): 761–773. CrossRef
- Li, J. J., Poppo, L., & Zhou, K. Z. 2008. Do managerial ties in China always produce value? Competition, uncertainty, and domestic vs. foreign firms. Strategic Management Journal, 29: 383–400. CrossRef
- McCarthy, D. J., Puffer, S. M., Dunlaps, D., & Jaeger, A. M. Forthcoming. A stakeholder approach to the ethicality of BRIC-firm managers’ use of favors. Journal of Business Ethics.
- McEvily, B., & Zaheer, A. 1999. Bridging ties: A source of firm heterogeneity in competitive capabilities. Strategic Management Journal, 20: 1133–1156. CrossRef
- Meyer, K. E., & Peng, M. W. 2005. Probing theoretically into Central and Eastern Europe: Transactions, resources, and institutions. Journal of International Business Studies, 36(6): 600–621. CrossRef
- Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28(2): 275–296.
- Peng, M. W., & Heath, P. 1996. The growth of the firm in planned economies in transition: Institutions, organizations, and strategic choice. Academy of Management Review, 21(2): 492–528.
- Peng, M. W., & Luo, Y. 2000. Managerial ties and firm performance in a transition economy: The nature of a micro-macro link. Academy of Management Journal, 43(3): 486–501. CrossRef
- Puffer, S. M., & McCarthy, D. J. 2007. Can Russia’s state-managed, network capitalism be competitive? institutional pull versus institutional push. Journal of World Business, 42: 1–13. CrossRef
- Puffer, S. M., McCarthy, D. J., Jaeger, A. M., & Dunlap, D. 2013. The use of favors by emerging market managers: Facilitator or inhibitor of international expansion?. Asia Pacific Journal of Management (this issue, doi:10.1007/s10490-012-9299-3).
- Roth, K., & Kostova, T. 2003. Organizational coping with institutional upheaval in transition economies. Journal of World Business, 38(4): 314–330. CrossRef
- Shinkle, G. A., & Kriauciunas, A. P. 2010. Institutions, size, and age in transition economies: Implications for export growth. Journal of International Business Studies, 41: 267–286. CrossRef
- Wu, J., & Chen, X. 2012. Leaders’ social ties, knowledge acquisition capability, and firm competitive advantage. Asia Pacific Journal of Management, 29(2): 331–350. CrossRef
- Xu, K., Huang, K.-F., & Gao, S. 2012. The effect of institutional ties on knowledge acquisition in uncertain environments. Asia Pacific Journal of Management, 29(2): 387–408. CrossRef
- Yalcin, S. 2003. Difficulties of conducting field research in the Caucasus and Central Asia. Central Eurasian Studies Review, 2(3): 15–16.
- Zhou, J. Q., & Peng, M. W. 2010. Relational exchanges versus arm’s-length transactions during institutional transitions. Asia Pacific Journal of Management, 27(3): 355–370. CrossRef
- Zhou, K. Z., & Li, C. B. 2007. How does strategic orientation matter in Chinese firms? Asia Pacific Journal of Management, 24(4): 447–466. CrossRef
- Zhou, K. Z., Poppo, L., & Yang, Z. 2008. Relational ties or customized contracts? An examination of alternative governance choices in China. Journal of International Business Studies, 39: 526–534. CrossRef
- Managerial ties, strategic initiatives, and firm performance in Central Asia and the Caucasus
Asia Pacific Journal of Management
Volume 30, Issue 2 , pp 433-446
- Cover Date
- Print ISSN
- Online ISSN
- Springer US
- Additional Links
- Managerial ties
- Strategic initiatives
- Central Asia
- The Caucasus
- Industry Sectors
- Author Affiliations
- 1. Department of Management, Bent Hall 423, St. John’s University, The Peter J. Tobin College of Business, 8000 Utopia Parkway, Queens, NY, 11439, USA
- 2. Jindal School of Management, University of Texas at Dallas, P.O. Box 830688, SM 43, Richardson, TX, 75083, USA
- 3. Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, 200052, China