The Impact of the Internationalization of Top Management Team on Firm Performance
The Impact of the Internationalization of Top Management Team on Firm Performance

Author: Hadrien Lefebvre

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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The present thesis investigates the impact of the internationalization of top management teams (TMTs) on firm performance. Based on the Upper Echelon theory of Hambrick and Mason (1984), we operated TMT internationalization under two distinct demographic constructs, namely TMT nationality diversity and TMT diversity in international experience. We tested the individual and combined effects of those two characteristics of TMTs on firm performance. Demographic data was collected on a sample of TMTs of forty-five large Swiss MNCs and we used multiple OLS regression as our methodology for statistical analysis. While the positive main effect of TMT international experience on firm performance has only been partially confirmed, we found no significant impact of TMT nationality diversity on corporate results. However, it appeared that TMT nationality diversity holds a positive moderating effect on the relationship between TMT international experience and firm performance. Thus we may recommended to CEOs and management boards of MNCs to not only select internationally seasoned and diverse executives but also to promote a global culture in the ranks of their company's senior management.

Internationalization of Top Management Teams and Its Impact on Inter-regional Firm Performance
Internationalization of Top Management Teams and Its Impact on Inter-regional Firm Performance

Author: Briag Adler

Publisher:

Published: 2019

Total Pages:

ISBN-13:

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The present thesis investigates the relationship between regionalization strategy and firm performance and the moderating effect of Top Management Team (TMT) diversity. Based on the Upper Echelon theory of Hambrick and Mason (1984), inter-regional nationality diversity and inter-regional experience were operationalized to capture TMT internationalization. A multiple OLS regression and a moderation analysis were used for our statistical analysis. The sample initially consisted of the 100 largest stock listed companies in Germany for 2013 and 2015, however, lack of data availability alleviated our final dataset. The positive relationship between the degree of regionalization and firm performance narrowly missed the statistical significance level by only 2 percentage points. While statistically insignificant, we found a negative moderating effect of TMT inter-regional nationality diversity, whereas the moderating effect of inter-regional experience on the relationship between regionalization and firm performance appears to be positive. While the thesis supports existing findings by highlighting the increased performance of intraregional oriented companies and recommending companies to compose their TMT in line with their strategy, it calls for further investigation on the moderating effects of diversity attributes through the eyes of the yet under-researched concept of regionalization.

Internationalization and Firm Performance
Internationalization and Firm Performance

Author: Mario Krist

Publisher: Springer Science & Business Media

Published: 2009-07-25

Total Pages: 275

ISBN-13: 3834994987

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Mario Krist explores if, how, and why internationalization and performance are related to each other and explicitly considers the role of intangible resources in this context.

International Business in a VUCA World
International Business in a VUCA World

Author: Rob van Tulder

Publisher: Emerald Publishing Limited

Published: 2019-10-21

Total Pages: 0

ISBN-13: 9781838672560

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Dedicated to Professor Peter Buckley, OBE, this volume of Progress in International Business Research explores the new challenges for MNEs, SMEs (small and medium sized enterprises) and INVs (International New Ventures) emerging from this changing and increasingly unpredictable political, economic, social and technological VUCA world.

Upper Echelons and Their Impact on Internationalisation Processes
Upper Echelons and Their Impact on Internationalisation Processes

Author: André Euschen

Publisher:

Published: 2018-03-09

Total Pages: 20

ISBN-13: 9783668652651

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Seminar paper from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University Witten/Herdecke, language: English, abstract: This essay argues that top management team internationalisation is an important factor of a firm's internationalisation success. Combining Upper Echelons Theory and the Uppsala Stage Model to a causal model as well as giving a link to Born Global Theory, the international backgrounds or experiences of top executives can be expected to have a considerable influence on the top management team's decision making process concerning i) the internationalisation strategy (and thereby the companies' degree of internationalisation) and ii) subsequently the firm performance level. The international backgrounds and the international experiences help the top management team members on the one hand to better understand and on the other hand to successfully deal with the challenges of firm internationalisation processes. Due to the fact that this ability of the top executives is an almost unobservable characteristic and therefore difficult to measure directly, this concept will be illustrated with the help of an inductive case (Eastman Kodak Corp.).

Handbook of Top Management Teams
Handbook of Top Management Teams

Author: F. Bournois

Publisher: Springer

Published: 2010-10-29

Total Pages: 725

ISBN-13: 0230305334

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Questions of company governance have been examined over the years, but this has generally been in areas concerning shareholders. Meanwhile the management team and board of directors remain comparatively unexplored. This book has been written to provide a way into this relatively unknown world of executive committees.