Part of the Contributions to Management Science book series (MANAGEMENT SC.)


Efficient business management is crucial in achieving corporate (national or international/multinational) goals such as higher value, comprehensiveness, corporate governance, etc. Efficient business management can be achieved by resolving agency problems existing among different stakeholders in corporations. In international business, agency problems may exist between managers, owners, staff, and other stakeholders who come from different cultures. Therefore, there is a need in designing efficient management of international business by influencing the factors (the convergence factors) which cause differences in the interests and cultures of different stakeholders. International business refers to all commercial transactions between two or more nations. Because it comprises a large and growing portion of current world business practice, international business has received considerable attention in academic research (Daniels and Radebaugh 1998). International business differs in important ways from business conducted within national borders, and poses additional challenges to managers and investors in foreign countries (Mahoney et al. 1998). In this context, Black et al. (1999) state that effective management is increasingly recognized as a key determinant of success or failure, arguing that the success of international business in multinational companies depends most significantly on the quality of management systems (Stroh and Caligiuri 1998).


Management Practice Corporate Governance Structural Equation Modeling International Business Agency Problem 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  1. 1.Faculty of Accountancy and ManagementMahasarakham UniversityMahasarakhamThailand
  2. 2.Victoria UniversityMelbourneAustralia

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