We ask whether and when shareholder-oriented foreign owners are likely to change corporate governance logics in a stakeholder-oriented setting by introducing shareholder-oriented governance practices. We focus on board monitoring and claim that because the bundle of practices used in a...

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...