The effect of the board and executive committee characteristics on the degree of internationalization |
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| Authors: | Hugh D Sherman Roger J Kashlak Maheshkumar P Joshi |
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| Institution: | aCollege of Business, Ohio University, Athens, OH 45701, USA;bThe Sellinger School of Business and Management, Loyola College in Maryland, Baltimore, MD 21210, USA;cHaub School of Business, St. Joseph’s University, Philadelphia, PA 19131, USA |
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| Abstract: | Many corporate governance observers agree that when firms encounter dramatically changed competitive environments, the board of directors may become involved in the strategy formation process. Based on Finkelstein and Hambrick’s (Finkelstein, S., Hambrick, D., 1996. Strategic leadership: top executives and their effects on organizations. West, Minneapolis, MN.) conceptual model, we examine the effects of the board of directors and executive committee characteristics on the degree of internationalization of the U.S. telecommunications industry during the 12 years after AT&T’s 1984 divestiture. We also examine the effects of the regulatory environment and core business growth on the degree on internationalization during this time. We find support linking executive committee characteristics and regulatory environment to the degree of internationalization. Characteristics of the entire board are consistently found to be insignificant. |
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| Keywords: | Executive committe Corporate governance Internationalization Telecom industry |
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