From Global Firms to Global Boards?

Steen Thomsen, Aleksandra Gregoric, Trond Randøy, Lars Oxelheim

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    Abstract

    This paper examines the internationalization of Nordic company boards during 2001-2008. Using Poisson pooled and panel estimators we find that financial rather than commercial internationalization drives the recruitment of
    international board members. Foreign listing and foreign ownership are significant whereas international sales and operations are not. When we extend “board internationalization” to encompass national directors with international experience we find that shareholders may opt for domestic board members with that experience to match the firm’s commercial internationalization. This indicates some support for the view that different kinds of firm internationalization – commercial versus financial - might lead to different types of board internationalization. We find no evidence that the internationalization of boards is limited by the conservatism of existing national board members, language barriers or “old boys’ networks”.
    Original languageEnglish
    Title of host publicationProceedings of the 53rd Annual Meeting of the Academy of International Business
    EditorsShige Makingo , Tunga Kiyak
    Place of PublicationEast Lansing, MI
    PublisherAcademy of International Business
    Publication date2011
    Pages201
    Publication statusPublished - 2011
    EventAIB 2011 Annual Meeting: International Business for Sustainable World Development - Nagoya, Japan
    Duration: 24 Jun 201128 Jun 2011
    Conference number: 53
    http://aib.msu.edu/events/2011/

    Conference

    ConferenceAIB 2011 Annual Meeting
    Number53
    CountryJapan
    CityNagoya
    Period24/06/201128/06/2011
    Internet address
    SeriesAcademy of International Business. Annual Meeting. Proceedings
    Volume53
    ISSN2078-4430

    Cite this

    Thomsen, S., Gregoric, A., Randøy, T., & Oxelheim, L. (2011). From Global Firms to Global Boards? In S. Makingo , & T. Kiyak (Eds.), Proceedings of the 53rd Annual Meeting of the Academy of International Business (pp. 201). East Lansing, MI: Academy of International Business. Academy of International Business. Annual Meeting. Proceedings, Vol.. 53