This paper employs structural equation modeling to examine the relations between corporate governance, managers' independence, exporting and performance of companies in Poland and Hungary. It is found that managers' independence is positively associated with exporting and performance. In line with "learning-by-exporting" framework, exporting positively affects performance. Managers' independence is positively associated with the percentage of board seats held by foreign investors, but it is negatively associated with ownership concentration.
|Journal||Academy of Management Proceedings|
|Publication status||Published - 1 Aug 2005|
|Event||65th Annual Meeting of the Academy of Management, AOM 2005 - Honolulu, HI, United States|
Duration: 5 Aug 2005 → 10 Aug 2005