Comparative Analysis of Key Governance Mechanisms in US, European and Asian Multinational Corporations on the Fortune Global 250
The objective of this research is to compare the governance mechanisms of publicly traded multinational companies (MNCs) from major geographic regions, namely the United States, Europe and Asia, to determine whether these MNCs are converging towards standardization of their governance practices. Our results, based on a sample of 156 Fortune Global 250 MNCs and ANOVA tests, showed that there is no convergence towards an international model and that the choice of governance practices for MNCs seems rather associated with their regional membership.