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- W2093485102 abstract "The sociocultural composition of executive boards has a long-term relevance for the success of their companies and their organisation’s internationalisation. Companies must weigh the possible advantages of having employees from different cultural backgrounds against possible inefficiencies caused by cultural misunderstandings. Using on Upper Echelon theory and Social Capital theory we hypothesised that cultural diversity has a positive effect on internationalisation success. We used the “Blau Index” to calculate cultural diversity and measured internationalisation success as the level of internationalisation, a common success measure in internationalisation studies. Data were generated from companies’ annual reports. SMT members’ citizenships were additionally validated by internet-based business-oriented social networks. Controlling for team size and company size effects did not change our conclusions. Using a panel analysis, this article examines the effect of the level of cultural diversity in the boards of the DAX30 companies on their success in internationalising. Complementing previous studies, a slight but significant positive correlation was evident, assuming that a higher internationalisation success can be found in firms having a culturally diverse senior" @default.
- W2093485102 created "2016-06-24" @default.
- W2093485102 creator A5041380381 @default.
- W2093485102 date "2014-01-10" @default.
- W2093485102 modified "2023-09-26" @default.
- W2093485102 title "The Cultural Diversity of German Companies’ Executive Boards and the Success of Their Internationalisation" @default.
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- W2093485102 doi "https://doi.org/10.9734/bjemt/2014/9144" @default.
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