Role of technology director in boosting internationalisation and performance: an evidence from EU sustainable firms

Um-E-Roman Fayyaz, Gianluca Antonucci, Raja Nabeel-Ud-Din Jalal and Michelina Venditti

International Journal of Business Governance and Ethics, 2024, vol. 18, issue 6, 733-749

Abstract: The present study investigates the relationship between technology director, internationalisation, and firm performance, assuming the beneficial effect of digital-sustainable corporate governance reforms. We implied the presence of a technology director on the board and empirically examined its impact on firm performance. In addition, we also test business internationalisation as a mediator between the technology director on the board and firm performance. The empirical findings rely on the data retrieved from the S%P Dow Jones Sustainability Index 2019 for 115 top sustainable EU firms and the Thomson Reuters Refinitiv Eikon database. The results reveal a significant positive relationship between the technology director's presence on the board and firm performance. We also find business internationalisation mediates the relationship between the technology director's presence on the board and firm performance. Overall, we try to lay a foundation for a digitally aware board and its impact on important firm decisions.

Keywords: digitalisation; sustainability; firm internationalisation; technology director; CEO; chief digital officer. (search for similar items in EconPapers)
Date: 2024
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