Top Management Team Internationalization and Firm Performance
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This paper develops a multi-dimensional construct of top management team (TMT) internationalization reflecting TMT ability to deal with challenges of managing firm foreign operations in the process of ongoing globalization.
Drawing upon upper echelons and firm internationalization theories, the relationships between TMT internationalization, foreign market entry and performance are empirically investigated in a sample of 165 Swiss listed companies.
The results confirm the validity of the multi-dimensional construct and suggest that TMT internationalization leads to subsequent foreign market entries, which in turn are positively related to firm performance.
KeywordsTMT internationalization Nationality diversity International experience Firm internationalization Foreign market entry Corporate performance Executive effects
Sabina Nielsen would like to acknowledge financial support from the Marie Curie European Re-Integration Grant PERG-2008-239310.
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