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최고경영자(CEO)의 경험과 기업의 국제화: CEO 영향력의 조절효과

CEO Experience and Firm Internationalization: The Moderating Effect of CEO Power

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주제분류경영학

초록

본 연구의 목적은 최고경영자(CEO)의 경험과 기업의 국제화 간의 관계뿐 아니라 CEO의 영향력이 이 둘 사이의 관계에 미치는 조절효과에 대해서 분석하는 것이다. CEO의 경험을 해외경험과 직무경험으로 구분하여, CEO의 해외경험이 많을수록 기업의 국제화가 높아지며, 결과 지향적 직무경험자가 과정 지향적 직무경험자보다 국제화 수준을 높인다고 주장하였다. 또한, CEO의 영향력이 강할수록 CEO경험과 국제화 간의 관계가 강화된다고 주장하였다. 2002년부터 2006년까지 KOSPI 200에 속한 85개 제조 기업을 분석한 결과, CEO의 해외경험과 직무경험이 기업의 국제화에 정(+)의 영향을 미치는 것으로 나타났으며, CEO의 영향력이 클수록 이러한 관계가 더욱 두드러지게 나타났다. 본 연구는 국내연구에서 간과되었던 CEO 경험과 영향력이 기업의 국제화 수준에 주요한 영향을 미친다는 점을 실증적으로 보여주었다.

Abstract

The purpose of this study is to examine the relationship between CEO experience and the internationalization of a firm and to further investigate the moderating effect of CEO power for the relationship between CEO experience and firm internationalization. More specifically, we measured CEO experience in terms of his/her foreign experience and job experience, and examined the effects of both the CEO foreign and job experiences on firm internationalization. We propose that CEO foreign experience has a positive effect on firm internationalization, and that those CEOs with outcome-oriented job experiences tend to have greater firm internationalization than those with process- oriented job experiences. Further, we propose that CEO power strengthens such relationships between CEO experience and firm internationalization. The results from the sample of 85 Korean firms in the manufacturing industries for the period of 2002 to 2006 generally confirm our hypotheses. Our findings imply that CEO experience influences a firm’s strategic decisions for firm internationalization and that the internationalization effect of CEO experience depends on CEO power across firms.

참고문헌 (59)

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