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How international are executive boards of European MNCs? Nationality diversity in 15 European countries

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  • van Veen, Kees
  • Marsman, Ilse

Abstract

Summary In this paper, we describe and explain differences in nationality diversity within executive boards of European Multinational Corporations. Both country- as well as company-characteristics are included. The data consist of 2229 individual executives in 363 companies spread over 15 EU countries. It is concluded that in 2005, the executive boards of these companies are only marginally diverse in terms of nationalities. However, differences between European countries are substantial. The analyses show that these differences result from unique differences in governance regimes within the individual countries, and to a lesser extend the result of company characteristics.

Suggested Citation

  • van Veen, Kees & Marsman, Ilse, 2008. "How international are executive boards of European MNCs? Nationality diversity in 15 European countries," European Management Journal, Elsevier, vol. 26(3), pages 188-198, June.
  • Handle: RePEc:eee:eurman:v:26:y:2008:i:3:p:188-198
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    Citations

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    Cited by:

    1. Peter Krenn, 2017. "The Impact of Taxes on Competition for CEOs," European Accounting Review, Taylor & Francis Journals, vol. 26(3), pages 503-530, July.
    2. Eelke M Heemskerk & Fabio Daolio & Marco Tomassini, 2013. "The Community Structure of the European Network of Interlocking Directorates 2005–2010," PLOS ONE, Public Library of Science, vol. 8(7), pages 1-11, July.
    3. Kees Van Veen & Janine Elbertsen, 2008. "Governance Regimes and Nationality Diversity in Corporate Boards: A Comparative Study of Germany, the Netherlands and the United Kingdom," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(5), pages 386-399, September.
    4. Szymon Kaczmarek & Winfried Ruigrok, 2013. "In at the Deep End of Firm Internationalization," Management International Review, Springer, vol. 53(4), pages 513-534, August.
    5. Sabina Nielsen, 2010. "Top Management Team Internationalization and Firm Performance," Management International Review, Springer, vol. 50(2), pages 185-206, April.
    6. Gietl, Daniel & Haufler, Andreas, 2018. "Bonus taxes and international competition for bank managers," European Economic Review, Elsevier, vol. 110(C), pages 41-60.
    7. Ravasi, Claudio, 2013. "Les top managers internationaux des grandes entreprises suisses: profils et parcours de carrière," FSES Working Papers 445, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
    8. Schmid, Stefan & Altfeld, Frederic & Dauth, Tobias, 2018. "Americanization as a driver of CEO pay in Europe: The moderating role of CEO power," Journal of World Business, Elsevier, vol. 53(4), pages 433-451.
    9. Muellner, Jakob & Klopf, Patricia & Nell, Phillip C., 2017. "Trojan Horses or Local Allies: Host-country National Managers in Developing Market Subsidiaries," Journal of International Management, Elsevier, vol. 23(3), pages 306-325.
    10. Dalilawati Zainal & Norhayah Zulkifli & Zakiah Saleh, 2013. "Corporate Board Diversity in Malaysia: A Longitudinal Analysis of Gender and Nationality Diversity," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 136-148, January.
    11. Greve, Peder & Biemann, Torsten & Ruigrok, Winfried, 2015. "Foreign executive appointments: A multilevel examination," Journal of World Business, Elsevier, vol. 50(4), pages 674-686.
    12. van Veen, Kees & Sahib, Padma Rao & Aangeenbrug, Evelien, 2014. "Where do international board members come from? Country-level antecedents of international board member selection in European boards," International Business Review, Elsevier, vol. 23(2), pages 407-417.
    13. Oxelheim, Lars & Gregori, Aleksandra & Randøy, Trond & Thomsen, Steen, 2013. "On the Internationalization of Corporate Boards," Working Paper Series 951, Research Institute of Industrial Economics.
    14. Houda Ghaya & Gilles Lambert, 2012. "Caractéristiques de la diversité au sein des conseils d’administration et performance financière : une étude empirique sur les entreprises du CAC40," Working Papers of BETA 2012-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    15. Stefan Schmid & Simon Mitterreiter, 2020. "International Top Managers on Corporate Boards: Dissimilarity and Tenure," Management International Review, Springer, vol. 60(5), pages 787-825, October.
    16. Georgakakis, Dimitrios & Dauth, Tobias & Ruigrok, Winfried, 2016. "Too much of a good thing: Does international experience variety accelerate or delay executives’ career advancement?," Journal of World Business, Elsevier, vol. 51(3), pages 425-437.
    17. Davoine, Eric & Ravasi, Claudio, 2013. "The relative stability of national career patterns in European top management careers in the age of globalisation: A comparative study in France/Germany/Great Britain and Switzerland," European Management Journal, Elsevier, vol. 31(2), pages 152-163.
    18. Schmid, Stefan & Wurster, Dennis J., 2017. "International work experience: Is it really accelerating the way to the management board of MNCs?," International Business Review, Elsevier, vol. 26(5), pages 991-1008.

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