Diverse boards: Why do firms get foreign nationals on their boards?

By Kristína Sághy Estélyi, Tahir M. Nisar. 2016

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Age diversity, directors' personal values, and bank performance (2016, background): “They tend to be reluctant to share information with “outside” individuals and providing thoroughly different opinions, leading to interpersonal attraction breakdown (Adams et al., 2010; Estélyi and Nisar, 2016).”
Comprehensive Board Diversity and Quality of Corporate Social Responsibility Disclosure: Evidence from an Emerging Market (2017, background): “Third, foreign directors are normally a minority group on the board and are usually critical in defending the right of the minority and various stakeholders in the firm (Estelyi and Nisar 2016).”
Female board directorship and firm performance: What really matters? (2018, background): “…benefits of cultural diversity on the board ccount for the positive relationship between the proportion of oreign directors and corporate performance reported for Swedish nd Norwegian firms ( Oxelheim and Randøy, 2003 ), Korean firms Choi et al., 2007 ), and U.K. firms ( Estélyi and Nisar, 2016 ).”