TY - JOUR
T1 - Experience Teaches Slowly
T2 - Non-linear Effects of Top Management Teams’ International Experience on Post-acquisition Performance
AU - Piaskowska, Dorota
AU - Trojanowski, Grzegorz
AU - Tharyan, Rajesh
AU - Ray, Suparna
N1 - Funding Information: This research has been financially supported by the Economic and Social Research Council (grant no. RES‐061‐25‐0416) and University College Dublin (grant no. R10479). The opinions presented are those of the authors and not of the funding bodies. We would like to thank Alessandra Cepparulo and Pawel Lewandowski for their excellent research assistance and Sorin Krammer, Mary Parkinson and Roberto Ragozzino for their helpful comments on earlier versions of this paper.
PY - 2022/10/3
Y1 - 2022/10/3
N2 - Executives’ international experience is commonly considered a critical asset for multinational companies. The underlying presumption is that individuals learn from international experience. We revisit this presumption and propose a conceptualization of learning from international experience that accounts for the process and challenges of such learning. We use this conceptualization to examine how the international experience of top management team (TMT) members affects firm performance following cross-border acquisition decisions of these TMTs. Empirical analyses addressing potential endogeneity concerns show that high, but not low, levels of TMT international experience have a positive impact, and that these effects are moderated by TMT nationality diversity.
AB - Executives’ international experience is commonly considered a critical asset for multinational companies. The underlying presumption is that individuals learn from international experience. We revisit this presumption and propose a conceptualization of learning from international experience that accounts for the process and challenges of such learning. We use this conceptualization to examine how the international experience of top management team (TMT) members affects firm performance following cross-border acquisition decisions of these TMTs. Empirical analyses addressing potential endogeneity concerns show that high, but not low, levels of TMT international experience have a positive impact, and that these effects are moderated by TMT nationality diversity.
UR - http://www.scopus.com/inward/record.url?scp=85113460574&partnerID=8YFLogxK
U2 - 10.1111/1467-8551.12544
DO - 10.1111/1467-8551.12544
M3 - Article
AN - SCOPUS:85113460574
SN - 1045-3172
VL - 33
SP - 1774
EP - 1802
JO - British Journal of Management
JF - British Journal of Management
IS - 4
ER -