Top Management Team and Company Performance in Big Countries vs Small Countries (original) (raw)

Journal of Economics, Business, and Accountancy | Ventura, 2012

Abstract

ABSTRACT So far, there has been little research related to the impact of globalization on corporate gov-ernance, particularly the internationalization of the board of directors of international or global companies. Besides that, there has been little attention to the nationality composition of top management. In connection with such a condition, this study attempts to investigate how the Nationality Diversity in Top Management Team (TMT) affects Company Perform-ance in big countries in Europe versus small countries in Europe. The research data were management boards of companies in 111 companies: 30 in Germany, 38 in France, 25 in the Netherlands, and 18 in Belgium. The whole dataset was provided by Van Veen and Marsman (2008) and derived from this study on nationality diversity. The study provides several re-sults. First, there is a positive relationship between the nationality diversity of TMT members and company performance. Second, the size of the companies depends on the size of the country; companies in the big countries have more employees than those in the small coun-tries. Third, the result of company performance in the big countries and the small countries is not significant, so the performance of the companies in the big countries is not better than that of the companies in the small countries. ABSTRAK Selama ini hanya sedikit penelitian tentang dampak globalisasi terhadap tata kelola perusahaan, khususnya internasionalisasi pada dewan direksi perusahaan internasional/ global. Juga hanya sedikit perhatian tentang komposisi kewarganegaraan pada top management. Artikel ini meneliti bagaimana keberagaman kewarganegaraan pada top management team berpengaruh pada performa perusahaan di Negara-negara besar Eropa dengan Negara

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