Expanding overseas: the contribution of board role performance from an emerging market perspective

Wajdi Ben Rejeb () and Sarra Berraies ()
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Wajdi Ben Rejeb: University of Lincoln
Sarra Berraies: University of Tunis Higher Institute of Management

Review of Managerial Science, 2025, vol. 19, issue 12, No 9, 3847-3881

Abstract: Abstract The link between board role performance and emerging-market firms’ internationalization has received little attention in the literature. Drawing on the agency theory and the resource-based view, the purpose of this research is to investigate the contribution of three board’s roles i.e., control, strategy, and service roles to internationalization. A mixed approach is adopted to examine the relationship between board roles and internationalization of Tunisian listed firms. Quantitative data collected from a sample of 72 listed companies were analyzed using regression analysis. Then, semi-structured interviews were conducted with 12 directors and were scrutinized through the thematic analysis. Results indicate that internationalization is promoted by board strategy and service roles whereas it is negatively linked to board control role in line with the RBV. Through using a multi-theoretical lens and a mixed methodology, this paper deepens the current understanding about how board roles affect firms’ internationalization in emerging economies. It provides insights about how boards can be leveraged as strategic assets allowing firms to develop internationally.

Keywords: Internationalization; Board role performance; Tunisian firms (search for similar items in EconPapers)
JEL-codes: F20 G34 L10 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11846-025-00871-4

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