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| Tekijä: | Kwee, Z. (et al.) |
| Otsikko: | The influence of top management team's corporate governance orientation on strategic renewal trajectories: a longitudinal analysis of Royal Dutch Shell plc, 1907-2004 |
| Lehti: | Journal of Management Studies
2011 : JUL, VOL. 48:5, p. 984-1014 |
| Asiasana: | executives top management strategic management corporate governance petrochemicals industry petroleum industry companies Netherlands |
| Kieli: | eng |
| Tiivistelmä: | This paper explores how top managers' corporate governance orientation (henceforth as: c-g-orn.) influences a firm's strategic renewal trajectories (herein as: s-r-trjs.) over time. Using both a qualitative (1907-2004) and a quantitative analysis (1959-2004), the question is examined within the context of a large incumbent firm, that is, Royal Dutch Shell plc. It is found that top managers having an Anglo-Saxon c-g-orn. are more likely to strive exploitative and external-growth s-r-trjs., whereas those having a Rhine c-g-orn. are more likely to pursue exploratory and internal-growth s-r-trjs. Furthermore, there is also found a positive moderating effect of the proportion of shareholders from the Anglo-Saxon countries on exploitative and external-growth s-r-trjs. |
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