Internationalization and firm governance: The roles of CEO compensation, top team composition, and board structure

被引:505
作者
Sanders, WG [1 ]
Carpenter, MA
机构
[1] Brigham Young Univ, Provo, UT 84602 USA
[2] Univ Wisconsin, Madison, WI USA
关键词
D O I
10.5465/257100
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using the complementary lenses of information-processing and agency theories, this study tests the proposition that the complexity resulting from a firm's degree of internationalization will be accommodated by its governance structure. Results from a sample of large U.S. firms support this perspective, suggesting that firms manage and cope with the information-processing demands and agency issues arising from internationalization through higher, longer-term CEO pay, larger top management teams, and the separation of chairperson and CEO positions.
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页码:158 / 178
页数:21
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