How much do CEOs influence risk attitudes in a firm’s internationalization? Exploring Chinese mining SOEs and NSOEs

Research output: Contribution to journalArticleResearchpeer-review

Abstract

This paper provides an insight into comprehending Chinese firms’ strategic behaviour on risks in outward foreign direct investment (OFDI). Qualitative case studies, based on eight Chinese mining state-owned and non-state-owned enterprises (SOEs and NSOEs). The findings suggest that: (a) the characteristics of CEOs (Chief Executive Officers) of both SOEs and NSOEs significantly influenced the firms’ internationalization risk attitudes; (b) the tenure of CEOs led to SOEs’ periodical and NSOEs’ perennial risk attitudes; (c) CEOs’ personalities and tenure tend to drive the directions of risk attitudes, while CEOs’ experiences and remuneration were linked with risk intensities. These results support the upper echelons theory, suggesting that in understanding different ownership types of Chinese firms’ internationalization risk attitudes, CEOs’ characteristics should be investigated.

LanguageEnglish
Pages23-30
Number of pages8
JournalCorporate Ownership and Control
Volume13
Issue number2
DOIs
Publication statusPublished - 1 Dec 2016

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Internationalization
Risk attitude
Chief executive officer
Tenure
Chinese firms
Strategic behavior
Remuneration
Outward foreign direct investment
Ownership
Upper echelons theory

Cite this

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How much do CEOs influence risk attitudes in a firm’s internationalization? Exploring Chinese mining SOEs and NSOEs. / Ren, Monica.

In: Corporate Ownership and Control, Vol. 13, No. 2, 01.12.2016, p. 23-30.

Research output: Contribution to journalArticleResearchpeer-review

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