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International experience and CEO selection: An empirical study

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  • Magnusson, Peter
  • Boggs, David J.
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    Abstract

    This paper extends the upper-echelons theory by examining if observable demographic characteristics can be used to predict CEO selections. Based on an empirical analysis of recent successions at USA Fortune 200 companies, it identifies international experience as an important construct associated with accession to the CEO position of large corporations. The study also finds that CEO international experience is higher in firms that are highly international in terms of sales and assets. Firm and individual control variables are discussed and included in the empirical analysis. Managerial implications and suggestions for related future research are provided.

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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of International Management.

    Volume (Year): 12 (2006)
    Issue (Month): 1 (March)
    Pages: 107-125

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    Handle: RePEc:eee:intman:v:12:y:2006:i:1:p:107-125

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    Related research

    Keywords: International experience CEO succession;

    References

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    1. Alan M Rugman & Alain Verbeke, 2004. "A perspective on regional and global strategies of multinational enterprises," Journal of International Business Studies, Palgrave Macmillan, vol. 35(1), pages 3-18, January.
    2. Daniel Sullivan, 1994. "Measuring the Degree of Internationalization of a Firm," Journal of International Business Studies, Palgrave Macmillan, vol. 25(2), pages 325-342, June.
    3. Luis R G�mez-Mejia & Leslie E Palich, 1997. "Cultural Diversity and the Performance of Multinational Firms," Journal of International Business Studies, Palgrave Macmillan, vol. 28(2), pages 309-335, June.
    4. Pol Herrmann & Deepak K Datta, 2002. "CEO Successor Characteristics and the Choice of Foreign Market Entry Mode: An Empirical Study," Journal of International Business Studies, Palgrave Macmillan, vol. 33(3), pages 551-569, September.
    5. Robert M Grant, 1987. "Multinationality and Performance among British Manufacturing Companies," Journal of International Business Studies, Palgrave Macmillan, vol. 18(3), pages 79-89, September.
    6. Lazarova, Mila & Caligiuri, Paula, 2001. "Retaining repatriates: the role of organizational support practices," Journal of World Business, Elsevier, vol. 36(4), pages 389-401, January.
    7. John H Dunning, 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions," Journal of International Business Studies, Palgrave Macmillan, vol. 19(1), pages 1-31, March.
    8. Nicholas Athanassiou & Douglas Nigh, 2000. "Internationalization, Tacit Knowledge and the Top Management Teams of MNCs," Journal of International Business Studies, Palgrave Macmillan, vol. 31(3), pages 471-487, September.
    9. Tung, Rosalie L., 1998. "American expatriates abroad: From neophytes to cosmopolitans," Journal of World Business, Elsevier, vol. 33(2), pages 125-144, July.
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    Cited by:
    1. Lutz Sommer, 2010. "Internationalization processes of small- and medium-sized enterprises—a matter of attitude?," Journal of International Entrepreneurship, Springer, vol. 8(3), pages 288-317, September.
    2. Schmid, Stefan & Dauth, Tobias, 2014. "Does internationalization make a difference? Stock market reaction to announcements of international top executive appointments," Journal of World Business, Elsevier, vol. 49(1), pages 63-77.

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