| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10488918 | International Business Review | 2013 | 15 Pages |
Abstract
⺠We apply a principal agent approach to explain firms' degree of internationalization (DOI). ⺠Owners' preferred DOI depends on their ownership stake. ⺠Managers' preferences are stable aiming at a high DOI. ⺠Owners' and Managers' power within the firm is related to ownership concentration. ⺠Firms' DOI is a stretched u-shaped function of ownership concentration.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Michael-Jörg Oesterle, Hannah Noriko Richta, Jan Hendrik Fisch,