The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms

This paper examines the impact of CEO characteristics on the International Entrepreneurship (IE) of listed island-based firms (IBFs) during the period 2009-2018. The research considers 164 companies from a sample of eight small islands with securities exchanges including more than one firm headquart...

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Main Authors: Guido Rojer, Jr., Karen Watkins-Fassler, Rebeca de Juan Díaz, Anoop Rai
Format: Article
Language:English
Published: Island Studies Journal 2023-11-01
Series:Island Studies Journal
Online Access:https://doi.org/10.24043/isj.406
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author Guido Rojer, Jr.
Karen Watkins-Fassler
Rebeca de Juan Díaz
Anoop Rai
author_facet Guido Rojer, Jr.
Karen Watkins-Fassler
Rebeca de Juan Díaz
Anoop Rai
author_sort Guido Rojer, Jr.
collection DOAJ
description This paper examines the impact of CEO characteristics on the International Entrepreneurship (IE) of listed island-based firms (IBFs) during the period 2009-2018. The research considers 164 companies from a sample of eight small islands with securities exchanges including more than one firm headquartered on the island. The selected islands are: Barbados, Cyprus, Fiji, Iceland, Jamaica, Malta, Mauritius, and Trinidad & Tobago. Framed on the upper echelons theory and social network theory, the influence on IE of CEO's tenure, academic background and achievement, family allegiance, and international exposure is studied, taking into account the small island particularities. Through a binary probit model, it is concluded that CEOs' family allegiance, tenure, and academic background (if the CEO majored in Business Administration, Finance, Accounting, or Economics) are negatively related with IE, while CEOs' academic achievement and international exposure are positively associated with IE. Some of these results are atypical in the existing literature; nevertheless, islandness can explain these results. The conclusions attained suggest new theoretical and empirical lines of IE research for IBFs.
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spelling doaj-art-b6943dec4e6b472d84e3c9bbb4fb747a2025-08-20T02:07:16ZengIsland Studies JournalIsland Studies Journal1715-25932023-11-0118210.24043/isj.406The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based FirmsGuido Rojer, Jr.Karen Watkins-FasslerRebeca de Juan DíazAnoop RaiThis paper examines the impact of CEO characteristics on the International Entrepreneurship (IE) of listed island-based firms (IBFs) during the period 2009-2018. The research considers 164 companies from a sample of eight small islands with securities exchanges including more than one firm headquartered on the island. The selected islands are: Barbados, Cyprus, Fiji, Iceland, Jamaica, Malta, Mauritius, and Trinidad & Tobago. Framed on the upper echelons theory and social network theory, the influence on IE of CEO's tenure, academic background and achievement, family allegiance, and international exposure is studied, taking into account the small island particularities. Through a binary probit model, it is concluded that CEOs' family allegiance, tenure, and academic background (if the CEO majored in Business Administration, Finance, Accounting, or Economics) are negatively related with IE, while CEOs' academic achievement and international exposure are positively associated with IE. Some of these results are atypical in the existing literature; nevertheless, islandness can explain these results. The conclusions attained suggest new theoretical and empirical lines of IE research for IBFs.https://doi.org/10.24043/isj.406
spellingShingle Guido Rojer, Jr.
Karen Watkins-Fassler
Rebeca de Juan Díaz
Anoop Rai
The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms
Island Studies Journal
title The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms
title_full The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms
title_fullStr The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms
title_full_unstemmed The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms
title_short The Impact of CEO Characteristics on the International Entrepreneurship of Small Island-Based Firms
title_sort impact of ceo characteristics on the international entrepreneurship of small island based firms
url https://doi.org/10.24043/isj.406
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