Managerial Foreign Experience and Outward Foreign Direct Investment: Evidence from China
Yun Ke and
No 2019-08, AGI Working Paper Series from Asian Growth Research Institute
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.
Keywords: international experience; human capital; knowledge transfer; F21 F22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int and nep-tra
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://agi.repo.nii.ac.jp/?action=repository_acti ... bute_id=22&file_no=1 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:agi:wpaper:00000158
Access Statistics for this paper
More papers in AGI Working Paper Series from Asian Growth Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Kazuki Tamura ().