Arbeitspapier
On the Internationalization of Corporate Boards
Despite the global reach of their commercial activities, many multinational firms have proved slow in internationalizing their boards of directors. Based on a panel study of the internationalization of the boards of 347 non-financial firms from the Nordic countries, we find a higher fraction of international board membership in firms with more foreign sales, in firms with more foreign ownership and in firms whose shares are traded on foreign (mostly European) stock exchanges. Moreover, we find international directors and national directors with international experience complementary. The first-mentioned group is found to serve a monitoring role, related to financial internationalization of the firm, whereas the latter category fills an advisory role related to commercial internationalization. Hence, different types of firm internationalization commercial versus financial might call for different types of board internationalization.
- Sprache
-
Englisch
- Erschienen in
-
Series: IFN Working Paper ; No. 951
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
Corporate Finance and Governance: General
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Firm Organization and Market Structure
International Business Administration
- Thema
-
Internationalization
International directors
International board experience
Board composition
Nomination committee
Corporate governance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oxelheim, Lars
Gregori, Aleksandra
Randøy, Trond
Thomsen, Steen
- Ereignis
-
Veröffentlichung
- (wer)
-
Research Institute of Industrial Economics (IFN)
- (wo)
-
Stockholm
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Oxelheim, Lars
- Gregori, Aleksandra
- Randøy, Trond
- Thomsen, Steen
- Research Institute of Industrial Economics (IFN)
Entstanden
- 2013
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