UK Business News: CEOs who also serve as board chair are more risk-averse in foreign expansion, says Dean Mauro Guillén.

 

Mauro Guillén, Dean of Cambridge Judge Business School, presents a new study of Spanish firms, especially focused on CEOs.

“CEOs of firms that fail to meet performance targets have long sought to expand abroad to lift their fortunes, because these foreign markets can lift revenues through a wider customer base, boost returns due to economies of scale, and access new resources and capabilities.” the study says.

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