CEO international experience and foreign IPOs

Tinghua Duan, Wenxuan Hou and William Rees

Economic Modelling, 2020, vol. 87, issue C, 461-470

Abstract: This paper examines listing location as a managerial decision by using a sample of IPOs of Chinese entrepreneurial firms in mainland China, the United States and Hong Kong. We find that Chinese entrepreneurial firms managed by CEOs with international experience are more likely to undertake foreign IPOs, especially those returned from countries with more advanced legal institutions and those operating in high-tech industries. The credibility crisis for Chinese firms in 2010 switched the focus of foreign IPOs from the US to Hong Kong. These results are consistent across returnee CFOs and other senior executives with international experience.

Keywords: CEO; International experience; Returnee; Foreign IPOs; Entrepreneurial firms (search for similar items in EconPapers)
JEL-codes: F23 G34 L21 L26 M12 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999319309782
Full text for ScienceDirect subscribers only

Related works:
Working Paper: CEO international experience and foreign IPOs (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:87:y:2020:i:c:p:461-470

DOI: 10.1016/j.econmod.2019.11.033

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().