Chief executive officers' characteristics and the internationalisation of small and medium-sized enterprises: a quantile regression approach
by Abubakr Saeed; Ishtiaq Ahmad; Muhammad Saad Baloch; Judit Oláh; József Popp; Domicián Máté
European J. of International Management (EJIM), Vol. 23, No. 1, 2024

Abstract: Chief executive officers (CEOs) play a crucial role in the managerial decisions of firms. The objective of this study is to analyse the role of CEOs in the internationalisation of SMEs (small and medium-sized enterprises). Explicitly, the study investigates the impact of CEOs' demographic characteristics on the internationalisation of SMEs. Based on the theoretical perspective of the resource-based view, the upper echelons theory, and the information processing theory, the study assumes that CEOs' characteristics, including tenure, education, age and political connectedness, affect the international performance of SMEs. Applying a novel (quantile) regression technique on UK-based small and medium-sized enterprises for the period from 2005 to 2015, the study offers evidence of CEOs' political connections. Moreover, the results show that educational levels positively influence the internationalisation, while tenure and age negatively influence the internationalisation of SMEs.

Online publication date: Fri, 03-May-2024

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