{"title":"重新思考跨国公司时代的董事会结构:全球调查","authors":"","doi":"10.1016/j.intman.2024.101175","DOIUrl":null,"url":null,"abstract":"<div><p>Despite extensive research on international corporations, there is still a lack of understanding about the factors that influence the composition of their board and its impact on their market value. This study aims to investigate how internationalisation influences the diversity of a firm's board, particularly regarding gender and culture. Additionally, the study also explores whether the board's diversity can enhance the impact of internationalisation on a firm's value. We analysed data from 25,436 international companies and found that as companies become more international, they tend to have fewer women on their boards but more board members from other countries. Interestingly, having a more diverse gender composition on the board helps to increase a company's value when it becomes more international, but having a more diverse cultural composition on the board seems to have the opposite effect. This information is helpful for international companies who want to make sure they have the best composition on their boards to achieve their global goals. These findings suggest that there may be a difference between what international corporations want in their board members and what their shareholders expect. Ultimately, this study can help international companies choose the right board members to maximize their success.</p></div>","PeriodicalId":47937,"journal":{"name":"Journal of International Management","volume":null,"pages":null},"PeriodicalIF":5.9000,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1075425324000565/pdfft?md5=76e313b82ca6b6721722a90e04473388&pid=1-s2.0-S1075425324000565-main.pdf","citationCount":"0","resultStr":"{\"title\":\"Rethinking board structures in the age of multinational corporations: A global investigation\",\"authors\":\"\",\"doi\":\"10.1016/j.intman.2024.101175\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Despite extensive research on international corporations, there is still a lack of understanding about the factors that influence the composition of their board and its impact on their market value. This study aims to investigate how internationalisation influences the diversity of a firm's board, particularly regarding gender and culture. Additionally, the study also explores whether the board's diversity can enhance the impact of internationalisation on a firm's value. We analysed data from 25,436 international companies and found that as companies become more international, they tend to have fewer women on their boards but more board members from other countries. Interestingly, having a more diverse gender composition on the board helps to increase a company's value when it becomes more international, but having a more diverse cultural composition on the board seems to have the opposite effect. This information is helpful for international companies who want to make sure they have the best composition on their boards to achieve their global goals. These findings suggest that there may be a difference between what international corporations want in their board members and what their shareholders expect. Ultimately, this study can help international companies choose the right board members to maximize their success.</p></div>\",\"PeriodicalId\":47937,\"journal\":{\"name\":\"Journal of International Management\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":5.9000,\"publicationDate\":\"2024-07-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S1075425324000565/pdfft?md5=76e313b82ca6b6721722a90e04473388&pid=1-s2.0-S1075425324000565-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of International Management\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1075425324000565\",\"RegionNum\":2,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"MANAGEMENT\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1075425324000565","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
Rethinking board structures in the age of multinational corporations: A global investigation
Despite extensive research on international corporations, there is still a lack of understanding about the factors that influence the composition of their board and its impact on their market value. This study aims to investigate how internationalisation influences the diversity of a firm's board, particularly regarding gender and culture. Additionally, the study also explores whether the board's diversity can enhance the impact of internationalisation on a firm's value. We analysed data from 25,436 international companies and found that as companies become more international, they tend to have fewer women on their boards but more board members from other countries. Interestingly, having a more diverse gender composition on the board helps to increase a company's value when it becomes more international, but having a more diverse cultural composition on the board seems to have the opposite effect. This information is helpful for international companies who want to make sure they have the best composition on their boards to achieve their global goals. These findings suggest that there may be a difference between what international corporations want in their board members and what their shareholders expect. Ultimately, this study can help international companies choose the right board members to maximize their success.
期刊介绍:
The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.