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The Moderating Role of Top Management Team Diversity in Strategic Change in a Multicultural Context
Author(s) -
DíazFernández M. Carmen,
GonzálezRodríguez M. Rosario,
Simonetti Biagio
Publication year - 2018
Publication title -
european management review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.784
H-Index - 32
eISSN - 1740-4762
pISSN - 1740-4754
DOI - 10.1111/emre.12306
Subject(s) - multiculturalism , diversity (politics) , context (archaeology) , corporate governance , business , cultural diversity , multilevel model , strategic management , strategic planning , economic geography , knowledge management , order (exchange) , marketing , psychology , political science , economics , computer science , geography , pedagogy , archaeology , finance , machine learning , law
This paper analyses the influence of corporate governance diversity on corporate strategic changes in an international multicultural context with a view to overcoming the deficiencies of previous studies. The results achieved may reveal to what extent diversity in the composition of a top management team provides a clear picture of the internal complexity that arises in the strategy decision‐making process. In order to fill the gap in the literature, and given the nested structure of the dataset, a multi‐level econometric model is applied which reveals the clear interaction effects among the TMT diversity dimensions on the corporate strategic change.