How Does Board Composition Influence Firms’ Internationalisation: The Moderating Role of Competitive Strategy in US Large Firms
(2025) IBUH19 20251Department of Business Administration
- Abstract
- This thesis investigates the relationship between board composition and internationalisation in large U.S. consumer discretionary firms, using the foreign asset ratio as a measure of global engagement. Drawing on resource dependence, agency, contingency, and upper echelons theory, it explores the effects of board size, average age, tenure, and gender diversity and assesses how Porter’s Generic Strategies (cost leadership vs. differentiation) moderate the effects of selected board characteristics. Based on a cross-sectional analysis of 74 Nasdaq-listed firms and beta regression modelling, the results show that board age is negatively associated with internationalisation, while board tenure unexpectedly shows a positive relationship. The... (More)
- This thesis investigates the relationship between board composition and internationalisation in large U.S. consumer discretionary firms, using the foreign asset ratio as a measure of global engagement. Drawing on resource dependence, agency, contingency, and upper echelons theory, it explores the effects of board size, average age, tenure, and gender diversity and assesses how Porter’s Generic Strategies (cost leadership vs. differentiation) moderate the effects of selected board characteristics. Based on a cross-sectional analysis of 74 Nasdaq-listed firms and beta regression modelling, the results show that board age is negatively associated with internationalisation, while board tenure unexpectedly shows a positive relationship. The study also finds that cost leadership weakens the positive effect of tenure, suggesting that competitive strategy influences how board characteristics translate into international commitment. These findings contribute to a deeper understanding of how governance structures and strategic positioning interact to shape firms’ international expansion. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9204825
- author
- Lazzari, Antonio LU ; Shurbi, Aleksander LU and Yildiz, Emre LU
- supervisor
- organization
- course
- IBUH19 20251
- year
- 2025
- type
- M2 - Bachelor Degree
- subject
- keywords
- Internationalisation, Competitive Strategy, Board Composition, Corporate Governance, Consumer Discretionary Industry, Cost Leadership Strategy, Differentiation Strategy
- language
- English
- id
- 9204825
- date added to LUP
- 2025-06-26 08:46:16
- date last changed
- 2025-06-26 08:46:16
@misc{9204825,
abstract = {{This thesis investigates the relationship between board composition and internationalisation in large U.S. consumer discretionary firms, using the foreign asset ratio as a measure of global engagement. Drawing on resource dependence, agency, contingency, and upper echelons theory, it explores the effects of board size, average age, tenure, and gender diversity and assesses how Porter’s Generic Strategies (cost leadership vs. differentiation) moderate the effects of selected board characteristics. Based on a cross-sectional analysis of 74 Nasdaq-listed firms and beta regression modelling, the results show that board age is negatively associated with internationalisation, while board tenure unexpectedly shows a positive relationship. The study also finds that cost leadership weakens the positive effect of tenure, suggesting that competitive strategy influences how board characteristics translate into international commitment. These findings contribute to a deeper understanding of how governance structures and strategic positioning interact to shape firms’ international expansion.}},
author = {{Lazzari, Antonio and Shurbi, Aleksander and Yildiz, Emre}},
language = {{eng}},
note = {{Student Paper}},
title = {{How Does Board Composition Influence Firms’ Internationalisation: The Moderating Role of Competitive Strategy in US Large Firms}},
year = {{2025}},
}