Constraints in acquiring and utilizing directors' experience: An empirical study of new‐market entry in the pharmaceutical industry
Abstract
In this study we provide evidence that firms considering entering new markets are more likely to appoint directors with experience in those markets; and subsequently, we show that directors' market experience increases the likelihood of new‐market entry. Moreover, we explore the presence of constraints in both, acquiring experienced directors and utilizing their experience. Specifically, we find that experienced directors are less likely to join...
Paper Details
Title
Constraints in acquiring and utilizing directors' experience: An empirical study of new‐market entry in the pharmaceutical industry
Published Date
Jan 16, 2014
Journal
Volume
36
Issue
3
Pages
339 - 359
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