IDEAS home Printed from https://ideas.repec.org/a/wly/mgtdec/v42y2021i2p385-406.html
   My bibliography  Save this article

Top managers' attributes, innovation, and the participation in China–Pakistan Economic Corridor: A study of energy sector small and medium‐sized enterprises

Author

Listed:
  • Syed Zulfiqar Ali Shah
  • Muhammad Anwar
  • Ch. Mazhar Hussain

Abstract

A large number of researchers are engaged in studying the determinants and consequences of China–Pakistan Economic Corridor (CPEC). Although optimism abounds, in particular, few empirical evidence is available for Pakistani businessmen and small and medium‐sized enterprise (SME) operators on how to benefit from this tremendous opportunity. Our study examined how top managers/owners of Pakistani energy sector SMEs can innovate their businesses to reap the benefits of CPEC. We have examined the influence of demographic factors (age, education, experience, and financial literacy) of top managers/owners on different forms of innovation (product, process, marketing, and organization) and their consequent chances of success through participation in CPEC.

Suggested Citation

  • Syed Zulfiqar Ali Shah & Muhammad Anwar & Ch. Mazhar Hussain, 2021. "Top managers' attributes, innovation, and the participation in China–Pakistan Economic Corridor: A study of energy sector small and medium‐sized enterprises," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(2), pages 385-406, March.
    • Handle: RePEc:wly:mgtdec:v:42:y:2021:i:2:p:385-406
    DOI: 10.1002/mde.3242
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/mde.3242
    Download Restriction: no
    File URL: https://libkey.io/10.1002/mde.3242?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Shen, Huayu & Lan, Fengyun & Xiong, Hao & Lv, Jun & Jian, Jianhui, 2020. "Does top management Team’s academic experience promote corporate innovation? Evidence from China," Economic Modelling, Elsevier, vol. 89(C), pages 464-475.
    2. Fangrong Li & Daniel Z. Ding, 2013. "The effect of institutional isomorphic pressure on the internationalization of firms in an emerging economy: evidence from China," Asia Pacific Business Review, Taylor & Francis Journals, vol. 19(4), pages 506-525, October.
    3. Warren J Bilkey, 1978. "An Attempted Integration of the Literature on the Export Behavior of Firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 9(1), pages 33-46, March.
    4. Curtis M. Hall & Roberto Pedace, 2016. "Do Managers Matter? Manager Effects on Organization Performance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 37(8), pages 541-551, December.
    5. Wu, Bing & Deng, Ping, 2020. "Internationalization of SMEs from emerging markets: An institutional escape perspective," Journal of Business Research, Elsevier, vol. 108(C), pages 337-350.
    6. Ankur Roy & Chandra Sekhar & Vishal Vyas, 2016. "Barriers to internationalization: A study of small and medium enterprises in India," Journal of International Entrepreneurship, Springer, vol. 14(4), pages 513-538, December.
    7. Michael L.A. Hsu & Maggie Hui-Fen Chen & Binshan Lin, 2008. "Top management and organisational innovation: review and future directions," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 5(5), pages 533-556.
    8. Pascal Nguyen & Nahid Rahman & Ruoyun Zhao, 2018. "CEO characteristics and firm valuation: a quantile regression analysis," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(1), pages 133-151, March.
    9. Sui Sui & Matthias Baum, 2014. "Internationalization strategy, firm resources and the survival of SMEs in the export market," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(7), pages 821-841, September.
    10. Walter J. Ferrier & Douglas W. Lyon, 2004. "Competitive repertoire simplicity and firm performance: The moderating role of top management team heterogeneity," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(6-7), pages 317-327.
    11. Carmen Camelo & Mariluz Fernández‐Alles & Ana B. Hernández, 2010. "Strategic consensus, top management teams, and innovation performance," International Journal of Manpower, Emerald Group Publishing Limited, vol. 31(6), pages 678-695, September.
    12. Zizah Che Senik & Brenda Scott-Ladd & Lanny Entrekin & Khairul Adham, 2011. "Networking and internationalization of SMEs in emerging economies," Journal of International Entrepreneurship, Springer, vol. 9(4), pages 259-281, December.
    13. Yousaf Ali & Muhammad Sabir & Muhammad Bilal & Mehnab Ali & Arshad Ali Khan, 2020. "Economic viability of foreign investment in railways: a case study of the China-Pakistan Economic Corridor (CPEC)," The Engineering Economist, Taylor & Francis Journals, vol. 65(2), pages 158-175, April.
    14. Jan Johanson & Jan-Erik Vahlne, 1977. "The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market Commitments," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 8(1), pages 23-32, March.
    15. Ku-Ho Lin & Isabella Chaney, 2007. "The Influence of Domestic Interfirm Networks on the Internationalization Process of Taiwanese SMEs," Asia Pacific Business Review, Taylor & Francis Journals, vol. 13(4), pages 565-583, October.
    16. Haiyang Li & Xiwei Yi & Geng Cui, 2017. "Emerging Market Firms' Internationalization: How Do Firms' Inward Activities Affect Their Outward Activities?," Strategic Management Journal, Wiley Blackwell, vol. 38(13), pages 2704-2725, December.
    17. Rajeev K. Goel & Michael A. Nelson, 2018. "Determinants of process innovation introductions: Evidence from 115 developing countries," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 39(5), pages 515-525, July.
    18. Gordon Briest & Elmar Lukas & Sascha H. Mölls & Timo Willershausen, 2020. "Innovation speed under uncertainty and competition," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(8), pages 1517-1527, December.
    19. Lin, Chen & Lin, Ping & Song, Frank M. & Li, Chuntao, 2011. "Managerial incentives, CEO characteristics and corporate innovation in China's private sector," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 176-190, June.
    20. Anoop Madhok, 1997. "Cost, Value And Foreign Market Entry Mode: The Transaction And The Firm," Strategic Management Journal, Wiley Blackwell, vol. 18(1), pages 39-61, January.
    21. Wu, Jie & Ang, Siah Hwee, 2020. "Network complementaries in the international expansion of emerging market firms," Journal of World Business, Elsevier, vol. 55(2).
    22. Adomako, Samuel & Amankwah-Amoah, Joseph & Dankwah, George Obeng & Danso, Albert & Donbesuur, Francis, 2019. "Institutional voids, international learning effort and internationalization of emerging market new ventures," Journal of International Management, Elsevier, vol. 25(4).
    23. Boyke Rudy Purnomo, 2019. "Artistic orientation, financial literacy and entrepreneurial performance," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 13(1/2), pages 105-128, January.
    24. von Zedtwitz, Maximilian & Gassmann, Oliver, 2002. "Market versus technology drive in R&D internationalization: four different patterns of managing research and development," Research Policy, Elsevier, vol. 31(4), pages 569-588, May.
    25. Ana C. Santos, 2017. "Cultivating the self-reliant and responsible individual: the material culture of financial literacy," New Political Economy, Taylor & Francis Journals, vol. 22(4), pages 410-422, July.
    26. Alexander S. Alexiev & Justin J. P. Jansen & Frans A. J. Van den Bosch & Henk W. Volberda, 2010. "Top Management Team Advice Seeking and Exploratory Innovation: The Moderating Role of TMT Heterogeneity," Journal of Management Studies, Wiley Blackwell, vol. 47(7), pages 1343-1364, November.
    27. Love, James H. & Roper, Stephen & Zhou, Ying, 2016. "Experience, age and exporting performance in UK SMEs," International Business Review, Elsevier, vol. 25(4), pages 806-819.
    28. Marian V Jones & Nicole E Coviello, 2005. "Internationalisation: conceptualising an entrepreneurial process of behaviour in time," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 36(3), pages 284-303, May.
    29. Middleton, Stuart & Liesch, Peter W. & Steen, John, 2011. "Organizing time: Internationalization narratives of executive managers," International Business Review, Elsevier, vol. 20(2), pages 136-150, April.
    30. Igor Filatotchev & Xiaohui Liu & Trevor Buck & Mike Wright, 2009. "The export orientation and export performance of high-technology SMEs in emerging markets: The effects of knowledge transfer by returnee entrepreneurs," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 40(6), pages 1005-1021, August.
    31. H. Pierre Hsieh & Yueh‐Cheng Wu & Wen‐Min Lu & Yao‐Chieh Chen, 2020. "Assessing and ranking the innovation ability and business performance of global companies in the aerospace and defense industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 952-963, September.
    32. Christophe Boone & Boris Lokshin & Hannes Guenter & René Belderbos, 2019. "Top management team nationality diversity, corporate entrepreneurship, and innovation in multinational firms," Strategic Management Journal, Wiley Blackwell, vol. 40(2), pages 277-302, February.
    33. Tian, Guangning & Zhou, Shuyuan & Hsu, Sara, 2020. "Executive financial literacy and firm innovation in China," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
    34. A Rebecca Reuber & Eileen Fischer, 1997. "The Influence of the Management Team’s International Experience on the Internationalization Behaviors of SMES," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 28(4), pages 807-825, December.
    35. Qianwei Ying & Hazrat Hassan & Habib Ahmad, 2019. "The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    36. Jane W. Lu & Paul W. Beamish, 2001. "The internationalization and performance of SMEs," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 565-586, June.
    37. Talke, Katrin & Salomo, Søren & Kock, Alexander, 2011. "Top ManagementTeam Diversity and Strategic Innovation Orientation: The Relationship and Consequences for Innovativeness and Performance," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 63286, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    38. Michaela Wrede & Tobias Dauth, 2020. "A temporal perspective on the relationship between top management team internationalization and firms' innovativeness," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(4), pages 542-561, June.
    39. Phuong V. Nguyen & Hien Thi Ngoc Huynh & Hoa Doan Xuan Trieu & Khoa T. Tran, 2019. "Internationalization, Strategic Slack Resources, and Firm Performance: The Case Study of Vietnamese Enterprises," JRFM, MDPI, vol. 12(3), pages 1-24, September.
    40. Harmancioglu, Nukhet & Grinstein, Amir & Goldman, Arieh, 2010. "Innovation and performance outcomes of market information collection efforts: The role of top management team involvement," International Journal of Research in Marketing, Elsevier, vol. 27(1), pages 33-43.
    41. Talke, Katrin & Salomo, Sören & Rost, Katja, 2010. "How top management team diversity affects innovativeness and performance via the strategic choice to focus on innovation fields," Research Policy, Elsevier, vol. 39(7), pages 907-918, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sikandar Ali Qalati & Dragana Ostic & Gu Shuibin & Fan Mingyue, 2022. "A mediated–moderated model for social media adoption and small and medium‐sized enterprise performance in emerging countries," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 846-861, April.
    2. Syed Abdul Rehman Khan & Arsalan Zahid Piprani & Zhang Yu, 2022. "Digital technology and circular economy practices: future of supply chains," Operations Management Research, Springer, vol. 15(3), pages 676-688, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul, Justin & Parthasarathy, Sundar & Gupta, Parul, 2017. "Exporting challenges of SMEs: A review and future research agenda," Journal of World Business, Elsevier, vol. 52(3), pages 327-342.
    2. Hashai, Niron & Zahra, Shaker A., 2022. "A double-edged sword? Founder Teams' Prior International Experience and INV International Scale-up," Journal of World Business, Elsevier, vol. 57(2).
    3. Baum, Matthias & Schwens, Christian & Kabst, Ruediger, 2015. "A latent class analysis of small firms’ internationalization patterns," Journal of World Business, Elsevier, vol. 50(4), pages 754-768.
    4. Christian Schwens & Florian B. Zapkau & Michael Bierwerth & Rodrigo Isidor & Gary Knight & Rüdiger Kabst, 2018. "International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship," Entrepreneurship Theory and Practice, , vol. 42(5), pages 734-768, September.
    5. Frances Fabian & Henry Molina & Giuseppe Labianca, 2009. "Understanding Decisions to Internationalize by Small and Medium-sized Firms Located in an Emerging Market," Management International Review, Springer, vol. 49(5), pages 537-563, October.
    6. Juergensen, Jill Josefina & Narula, Rajneesh & Surdu, Irina, 2022. "A systematic review of the relationship between international diversification and innovation: A firm-level perspective," International Business Review, Elsevier, vol. 31(2).
    7. Sandberg, Susanne & Sui, Sui & Baum, Matthias, 2019. "Effects of prior market experiences and firm-specific resources on developed economy SMEs' export exit from emerging markets: Complementary or compensatory?," Journal of Business Research, Elsevier, vol. 98(C), pages 489-502.
    8. Acedo, Francisco J. & Coviello, Nicole & Agustí, María, 2021. "Caution ahead! The long-term effects of initial export intensity and geographic dispersion on INV development," Journal of World Business, Elsevier, vol. 56(6).
    9. D’Angelo, Alfredo & Buck, Trevor, 2019. "The earliness of exporting and creeping sclerosis? The moderating effects of firm age, size and centralization," International Business Review, Elsevier, vol. 28(3), pages 428-437.
    10. Fernández, Zulima & J.Nieto, María, 2002. "International involvement of smes: the impact of ownership," DEE - Working Papers. Business Economics. WB wb025821, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    11. Christopher Kurzhals & Lorenz Graf‐Vlachy & Andreas König, 2020. "Strategic leadership and technological innovation: A comprehensive review and research agenda," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 437-464, November.
    12. Dzikowski, Piotr, 2018. "A bibliometric analysis of born global firms," Journal of Business Research, Elsevier, vol. 85(C), pages 281-294.
    13. Perks, Keith J. & Hughes, Mathew, 2008. "Entrepreneurial decision-making in internationalization: Propositions from mid-size firms," International Business Review, Elsevier, vol. 17(3), pages 310-330, June.
    14. Nowinski, Witold & Rialp, Alex, 2013. "Drivers and strategies of international new ventures from a Central European transition economy," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 18(2), pages 191-231.
    15. Nur Izzati binti Mohamad Anuar* & Nik Malini binti Nik Mahdi & Abdullah Al Mamun & Dzulkifli bin Mukhtar & Nursafeda binti Abd Rashid & Symeon Mandrinos, 2018. "Connecting Inward and Outward Internationalisation of Malaysian SMEs: A Learning Approach," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 264-275:4.
    16. Munjal, Surender & Bhasin, Niti & Nandrajog, Divya & Kundu, Sumit, 2022. "Examining the evolution of emerging market multinational enterprises’ competitive advantages: Evidence from India," Journal of Business Research, Elsevier, vol. 145(C), pages 732-744.
    17. Jolanda Hessels, 2008. "International Entrepreneurship: An Introduction, Framework and Research Agenda," Scales Research Reports H200823, EIM Business and Policy Research.
    18. Michaela Wrede & Tobias Dauth, 2020. "A temporal perspective on the relationship between top management team internationalization and firms' innovativeness," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(4), pages 542-561, June.
    19. Roger Schweizer, 2013. "SMEs and networks: Overcoming the liability of outsidership," Journal of International Entrepreneurship, Springer, vol. 11(1), pages 80-103, March.
    20. Fariborzi, Hadi & Osiyevskyy, Oleksiy & DaSilva, Carlos, 2022. "The effect of geographic scope on growth and growth variability of SMEs," Journal of World Business, Elsevier, vol. 57(5).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:42:y:2021:i:2:p:385-406. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.