I show that corporate directors' human capital facilitates international investments. Directors' prior cross-border investment experience causally increases current firms' propensities to internationalize business operations through cross-border acquisitions of foreign companies....

Denmark's registry data provide accurate and complete career history data along with detailed personal characteristics (e.g., education, gender, work experience, tenure and others) for the population of Danish workers longitudinally. By using such data from 1992 to 2002, we provide rigorous...