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The Rise of an International Market for Executive Labour
Series
International Business and Management
ISBN
978-0-0805-5738-0
Type
book section
Date Issued
2008
Author(s)
Editor(s)
Oxelheim, Lars
Abstract
This paper explores the rise of an international market for top management team members in Europe, identifying patterns and trends, and exploring the antecedents to the emergence of TMT nationality diversity. We analyse a panel dataset of large European non-financial firms based in Denmark, Finland, the Netherlands, Norway, Sweden, Switzerland, and the United Kingdom. This dataset consists of more than 7000 individual observations of executives' nationalities at the year-ends of 2005, 2004, 2002, and 2000. We find that over this period Swiss, Dutch, and Finnish firms stepped up the hiring of foreign top executives, while Danish and Norwegian firms employed a lower percentage of foreign top managers. We identify some key antecedents to top management team internationalisation, most notably firms' executive compensation and foreign ownership levels.
Language
English
Keywords
executive labour market
top management teams
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Markets and Compensation for Executives in Europe
Publisher
Emerald Group Publishing
Publisher place
Bingley, UK
Number
Vol. 24
Start page
53
End page
78
Pages
26
Subject(s)
Eprints ID
40861