Executives’ overseas backgrounds, equity incentives, and corporate risk-taking

Zining Guo and Xingzhou Li

International Review of Economics & Finance, 2025, vol. 101, issue C

Abstract: Corporate risk-taking is crucial for seizing market opportunities and promoting development. Using panel data from listed companies between 2010 and 2022, this study investigates the impact of executives' overseas backgrounds on corporate risk-taking. The results reveal that executives' overseas backgrounds effectively promote corporate risk-taking. Specifically, higher equity incentives amplify the positive effect of executives' overseas backgrounds on corporate risk-taking, while corporate performance serves as a mediating channel through which executives’ overseas backgrounds positively influence corporate risk-taking. The findings provide important practical implications for human resource management and risk management strategy formulation.

Keywords: Executives' overseas background; Equity incentives; Corporate risk-taking; Corporate performance (search for similar items in EconPapers)
JEL-codes: G32 G34 J24 M12 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025002953

DOI: 10.1016/j.iref.2025.104132

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