This study examines how characteristics of top executives moderate the effect of internationalization on hospitality firms’ performance. Using US publicly-traded hospitality firms, this study conducts hierarchical linear modeling to investigate how executives’ functional background and operating ability influence the relationship between internationalization and financial outcomes. Findings of this study indicate that the functional background and operating ability of top executives significantly affect internationalization’s impact on firm performance. This study also reveals different measurements of internationalization and a firm’s financial performance matter for the relationship of interest. Considering the lack of research on the moderating effects of hospitality executives’ characteristics and how they connect to internationalization and firm performance, this study bridges this gap in the literature.

中文翻译：

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酒店业高管需要哪些技能才能从国际化中获得更好的财务成果？

本研究探讨了高层管理人员的特征如何调节国际化对酒店公司绩效的影响。本研究以美国上市酒店公司为对象，采用分层线性模型来研究高管的职能背景和运营能力如何影响国际化与财务成果之间的关系。本研究结果表明，高管人员的职能背景和运营能力显着影响国际化对企业绩效的影响。这项研究还揭示了国际化和公司财务绩效的不同衡量标准对利益关系的影响。考虑到缺乏对酒店高管特征的调节作用以及他们如何与国际化和公司绩效联系起来的研究，本研究弥补了文献中的这一空白。