The Impact of TMT International Exposure on Strategic Flexibility and the Moderating Role of TMT Compensation: A Study of U.S. Firms
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This study proposes that the international exposure of the top executives (i.e., TMT) is an important antecedent to the strategic flexibility of firms. Additionally, I examine the moderating role of TMT compensation for the TMT international exposure strategic flexibility relationship. Based on a sample of 250 firms, I find TMT international exposure has a positive effect on the strategic flexibility of the firm. However, I did not find any evidence to support the moderating role of TMT compensation. I discuss implications and directions for future research.
Abstract
This study proposes that the international exposure of the top executives (i.e., TMT) is an important antecedent to the strategic flexibility of firms. Additionally, I examine the moderating role of TMT compensation for the TMT international exposure strategic flexibility relationship. Based on a sample of 250 firms, I find TMT international exposure has a positive effect on the strategic flexibility of the firm. However, I did not find any evidence to support the moderating role of TMT compensation. I discuss implications and directions for future research.
참고문헌 (61)
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