Transcending Borders with International Top Management Teams: A Study of European Financial MNCs
Journal
European Management Journal
ISSN
0263-2373
Type
journal article
Date Issued
2009-06-01
Author(s)
Abstract
This paper investigates how changes in firm degree of internationalization are associated with the configuration of top management teams (TMT) based on a dataset of 41 large European firms in the banking and insurance industry, including detailed career profiles of the 264 executives that were serving on the TMTs of these firms at year-end 2002. Our findings suggest firms tend to match top executive profiles to their strategies. Entry into new foreign markets and new cultural zones was found to be associated with higher levels of international capacity at TMT level, whereas changes in international posture per se are not related to TMT international capacity. We discuss the interplay between firm strategies and internal structures in the context of firm internationalization and suggest directions for future research on TMTs.
Language
English
Keywords
top management teams
firm internationalization
nationality diversity
international experience
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Elsevier
Publisher place
Amsterdam
Volume
27
Number
3
Start page
213
End page
224
Pages
12
Subject(s)
Eprints ID
40041
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20080920Transcending_borders_incl_title_page.pdf
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Format
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