Ashley Bryne
Top management team characteristics and decision-making nexus post-Brexit: Evidence from an international wealth management firm in Europe
Bryne, Ashley; Cai, Catherine; Kamasak, Rifat
Authors
Catherine Cai Catherine.Cai@uwe.ac.uk
Senior Lecturer in Strategy and International Management
Rifat Kamasak
Contributors
Slimane Ed-dafali
Editor
Fahri Ă–zsungur
Editor
Muhammad Mohiuddin
Editor
Abstract
This chapter investigates an international wealth management firm, deVere's top management team composition, and the impact of their observable characteristics on strategic decision-making. Concurrently, the study also determines the significance of the composition of a top management team responding to Brexit regulatory changes. Due to its cultural ties and niche target market, Brexit is a significant event for the wealth management industry and deVere. Drawing on a qualitative approach, semi-structured interviews, and the embodiment of an interpretive perspective, we analysed the relationship between the top management characteristics and their effect on strategic decisions. Our findings indicated that international experience, age, risk-taking propensity, educational background, and cognitive diversity significantly impacted strategic decisions. Based on upper echelons theory, the study shed light on the mechanism linking top management team characteristics and strategic decision-making after Brexit.
Deposit Date | Aug 9, 2024 |
---|---|
Peer Reviewed | Peer Reviewed |
Book Title | Modern Corporate Governance Strategies for Sustainable Value Creation |
Chapter Number | 6 |
ISBN | 9798369367506 |
Keywords | Upper echelons theory, decision-making, top management team, TMT diversity, qualitative study, wealth management industry, Brexit |
Public URL | https://uwe-repository.worktribe.com/output/12774363 |
Publisher URL | https://www.igi-global.com/book/modern-corporate-governance-strategies-sustainable/345355 |
Contract Date | Aug 7, 2024 |
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