The Effects of Corporate Governance and Institutional Environments on Export Behaviour in Emerging Economies

Jiangyong Lu (), Bin Xu and Xiaohui Liu
Additional contact information
Jiangyong Lu: Guanghua School of Management, Peking University
Xiaohui Liu: Business School, Loughborough University

Management International Review, 2009, vol. 49, issue 4, No 4, 455-478

Abstract: Abstract This paper examines the impact of corporate governance and institutional environments on the export behaviour of firms in emerging economies. We argue that the role of corporate governance should be analysed from both principal- agent and principal-principal perspectives. We hypothesise that institutional environments moderate the effects of corporate governance on export behaviour. Analysis of a sample of Chinese listed firms supports our argument that outside directors and CEO shareholding help firms make export decisions, while the effects of ownership concentration may be non-monotonic. Sample firms’ export propensity is higher the better the institutional environments of their locations. This positive effect of institutional environments comes both directly and from the moderating of the effects of corporate governance.

Keywords: Export behaviour; Corporate governance; Institutions; Chinese listed firms (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (50)

Downloads: (external link)
http://link.springer.com/10.1007/s11575-009-0004-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
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:spr:manint:v:49:y:2009:i:4:d:10.1007_s11575-009-0004-9

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/11575

DOI: 10.1007/s11575-009-0004-9

Access Statistics for this article

Management International Review is currently edited by Michael-Jörg Oesterle and Joachim Wolf

More articles in Management International Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().