search query: @author Tihanyi, L. / total: 4
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| Author: | Ellstrand, A. E. Tihanyi, L. Johnson, J. L. |
| Title: | Board Structure and International Political Risk |
| Journal: | Academy of Management Journal
2002 : AUG, VOL. 45:4, p. 769-778 |
| Index terms: | BOARD OF DIRECTORS RISK RISK ANALYSIS MANAGEMENT AGENCY THEORY |
| Language: | eng |
| Abstract: | Applying the agency theory perspective, the authors examined the relationship between board structure and the average political risk of firms' international manufacturing operations in a sample of 95 manufacturing firms from the Fortune 500. The authors' results indicate an association between board composition, CEO duality, and the level of international political risk present in a corporation's portfolio of foreign direct investment. Internationalization represents a critical strategic decision for corporate executives. Although international expansion may provide access to new markets, increased sales revenues, lower costs, and greater profits, firms face numerous environmental threats when operating in foreign locations. |
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