01.04.2010 | Research Article
Top Management Team Internationalization and Firm Performance
The Mediating Role of Foreign Market Entry
Erschienen in: Management International Review | Ausgabe 2/2010
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Abstract
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This paper develops a multi-dimensional construct of top management team (TMT) internationalization reflecting TMT ability to deal with challenges of managing firm foreign operations in the process of ongoing globalization.
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Drawing upon upper echelons and firm internationalization theories, the relationships between TMT internationalization, foreign market entry and performance are empirically investigated in a sample of 165 Swiss listed companies.
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The results confirm the validity of the multi-dimensional construct and suggest that TMT internationalization leads to subsequent foreign market entries, which in turn are positively related to firm performance.