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Building upon the upper echelons theory of organizations as applied to internationalization strategies, we investigate the impact of foreign-origin top management team (TMT) members on their companies’ location choice. We propose that a manager-from-target effect may exist, by which a manager’s knowledge of their country of origin increases the likelihood of choosing that country as a target. We expect it to be stronger for acquisitions than for greenfield investments, the inputs of foreign-origin managers being more relevant in the first case. Based on a large sample of foreign direct investment from 2013 to 2019, and using name analysis to identify TMT members’ origins, we find that the effect is present in both establishment modes but larger and more robust for acquisitions. It is also larger in companies with less diverse TMTs, for which targeting one manager’s country of origin instead of others’ may be less likely to cause conflict. Future research should explore whether investments in locations suggested by managers from the target country outperform others. If this is the case, it implies that recruiting foreign-origin top managers can improve a company’s internationalization strategy via better location choices.
Building upon the upper echelons theory of organizations as applied to internationalization strategies, we investigate the impact of foreign-origin top management team (TMT) members on their companies’ location choice. We propose that a manager-from-target effect may exist, by which a manager’s knowledge of their country of origin increases the likelihood of choosing that country as a target. We expect it to be stronger for acquisitions than for greenfield investments, the inputs of foreign-origin managers being more relevant in the first case. Based on a large sample of foreign direct investment from 2013 to 2019, and using name analysis to identify TMT members’ origins, we find that the effect is present in both establishment modes but larger and more robust for acquisitions. It is also larger in companies with less diverse TMTs, for which targeting one manager’s country of origin instead of others’ may be less likely to cause conflict. Future research should explore whether investments in locations suggested by managers from the target country outperform others. If this is the case, it implies that recruiting foreign-origin top managers can improve a company’s internationalization strategy via better location choices.
Throughout the years of Kosovo’s independence, the country has formed certain relations with neighbouring states and with Western Europe, but the significant simplification of the border crossing procedure with the Schengen area, which came into force on 1 January 2024, requires a review of the existing balances and the formation of up-to- date assessments of possible consequences. The study aims to predict the further development of Kosovo-EU relations in the context of migration processes. Statistical and retrospective analysis methods were used to study the key economic indicators of previous years regarding the prospects for the redistribution of labour resources. The study proves the positive development of the Kosovo economy by analysing such important economic indicators for previous years as gross domestic product, unemployment rate, net migration from Kosovo, average wages in the country, and the volume of remittances received by the economy from labour migrants working abroad. A dedicated study was conducted on Kosovo’s relations with its neighbouring countries – Albania, Serbia, Montenegro, and North Macedonia. In the context of labour migration processes, the experience of Kosovars working in these countries was assessed, and changes in labour market balances caused by visa liberalisation were predicted. Based on the data obtained and the conclusions drawn, a forecast was made regarding the economic and political consequences of visa-free travel for Kosovars: the prospect of working in the Schengen area will be used by those citizens of the Republic of Kosovo who are already working abroad, and there will be no significant outflow of the labour resources available in the country. The practical significance of the study lies in the modelling of further development of the labour market in Kosovo, which will be useful for managers of state-owned enterprises and large private employers in formulating their HR strategies
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