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Managerial Foreign Experience and Outward Foreign Direct Investment: Evidence from China
https://agi.repo.nii.ac.jp/records/181
https://agi.repo.nii.ac.jp/records/181f86b98ae-cc1f-4d1e-a3a1-338ae0cd2b35
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
WP2019-08 (567.4 kB)
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| Item type | ワーキングペーパー/Working Paper(1) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2019-10-11 | |||||||||||||||||
| タイトル | ||||||||||||||||||
| タイトル | Managerial Foreign Experience and Outward Foreign Direct Investment: Evidence from China | |||||||||||||||||
| 言語 | en | |||||||||||||||||
| 言語 | ||||||||||||||||||
| 言語 | eng | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | international experience | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | human capital | |||||||||||||||||
| キーワード | ||||||||||||||||||
| 言語 | en | |||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | knowledge transfer | |||||||||||||||||
| 資源タイプ | ||||||||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||||||||||||||
| 資源タイプ | working paper | |||||||||||||||||
| 著者 |
Wen, Wen
× Wen, Wen
× Ke, Yun
× 孫, 曉男
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| 抄録 | ||||||||||||||||||
| 内容記述タイプ | Abstract | |||||||||||||||||
| 内容記述 | Using hand-collected data from Chinese public companies, we examine whether managerial foreign experience affects corporate outward foreign direct investment (OFDI) decision. Our result shows that there is a positive association between managerial foreign experience and OFDI. The finding is robust to alternative sampling method, foreign experience measures, and regression specification. We also use the instrumental variable approach, the propensity score matching procedure, and the Heckman two-stage selection model to mitigate potential endogeneity concerns. While both foreign work and study experience promote OFDI, the effect is significant only in non-state-owned entities and only when returnee managers hold senior positions. Lastly, we show that managerial foreign experience is associated with improved performance of outward investments. |
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| 言語 | en | |||||||||||||||||
| 書誌情報 |
en : AGI Working Paper Series 巻 2019-08, p. 1-44, 発行日 2019-09 |
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| 著者版フラグ | ||||||||||||||||||
| 出版タイプ | NA | |||||||||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_be7fb7dd8ff6fe43 | |||||||||||||||||
| JEL分類コード | ||||||||||||||||||
| 主題Scheme | Other | |||||||||||||||||
| 主題 | JEL classification: F21, F22 | |||||||||||||||||
