One of the most outstanding features of the trend toward globalization has been the increased importance of foreign direct investment (FDI) flows around the world. This study estimates the determinant of FDI flows using the gravity equation, controlling for the importance of both the traditional...

Internationalization of SMEs is encouraged by the advantages of new environmental conditions and appealing business opportunities, but remains a challenging process. Top management teams and more specifically board of directors appear to be a critical determinant in addressing...

This paper studies the ways in which the geographic locations of a firm's foreign operations affect the appointment and effectiveness of foreign directors. Using country-level data on firm internationalization and board foreignness, we find that firms with more foreign subsidiaries in a region...