search query: @author Hitt, M. A. / total: 30
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| Author: | Tihanyi, L. Johnson, R. A. Hoskisson, R. E. Hitt, M. A. |
| Title: | Institutional ownership differences and internatonal diversification: the effects of boards of directors and technological opportunity |
| Journal: | Academy of Management Journal
2003 : APR, VOL. 46:2, p. 195-211 |
| Index terms: | Institutional investors Board of directors Technology transfer Regression analysis |
| Language: | eng |
| Abstract: | The authors examined the roles of institutional investors, boards of directors, and technological opportunity in relation to international diversification. The research contributes to both agency and foreign direct investment theories. In data on 197 U.S. firms, they found significant rwlationships between insitutional ownership and international diversification. International diversification was favored by (1) professional investment funds along with outside board members and (2) pension funds along with inside board members. The results suggest that different institutional owners have different stakes in firms' international strategies, and the effects of boards of directors and technological opportunity accentuate these differences. |
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