Managerial ties, strategic initiatives, and firm performance in Central Asia and the Caucasus
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.
KeywordsManagerial ties Strategic initiatives Central Asia The Caucasus
- 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.CrossRefGoogle Scholar
- 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.
- 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.Google Scholar
- Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28(2): 275–296.Google Scholar
- 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.Google Scholar
- 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).
- Yalcin, S. 2003. Difficulties of conducting field research in the Caucasus and Central Asia. Central Eurasian Studies Review, 2(3): 15–16.Google Scholar