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Foreigners in the boardroom: The implications of attitudes toward immigration and conservatism in firms' sub-national context

机译:董事会中的外国人:公司次国家背景下对移民和保守主义态度的影响

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摘要

International Business (IB) research has surveyed firms' internationalization by examining the geographical dispersion of their sales and assets. However, less attention has been devoted to an important facet of their internationalization: the globalization of boards of directors. Drawing on institutional theory, we study the determinants of board foreign diversity by focusing on firms' sub-national socio-cultural context. We theorize on factors such as: attitudes toward immigration and conservatism that may impact the legitimacy of certain governance practices and may exert an influence on firms' propensity to internationalize their boards. Using a sample of S&P1500 from 2004 to 2014, we find support for our theory after using several controls. By bringing to the fore the interplay between sub-national factors and the globalization of boards, our study offers several implications for IB research. More broadly, our research delves into factors related to firms' sub-national environment that are likely to challenge their internationalization.
机译:国际商业(IB)研究通过检查公司销售和资产的地域分布来调查公司的国际化。但是,人们对国际化的一个重要方面的关注较少:董事会的全球化。利用制度理论,我们通过关注公司的次国家社会文化背景来研究董事会外国多元化的决定因素。我们从以下因素进行理论分析:对移民和保守主义的态度,这些态度可能会影响某些治理实践的合法性,并可能影响公司使董事会国际化的倾向。使用2004年至2014年的S&P1500样本,我们在使用多个控件后发现了对我们理论的支持。通过突出次国家因素与董事会全球化之间的相互作用,我们的研究为IB研究提供了一些启示。更广泛地说,我们的研究深入探讨了与公司次环境有关的因素,这些因素可能会挑战其国际化。

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