6533b7dbfe1ef96bd12709a7

RESEARCH PRODUCT

CEO tenure and ownership mode choice of Chinese firms: The moderating roles of managerial discretion

Qunyong XieQunyong Xie

subject

MarketingControl modeComputingMilieux_THECOMPUTINGPROFESSIONDuality (optimization)ComputingMilieux_LEGALASPECTSOFCOMPUTINGMicroeconomicsManagerial discretionUpper echelonsEconomicsPositive relationshipBusiness and International ManagementMode choiceFinanceIndustrial organization

description

Abstract Based on upper echelon theory, this study has explored how CEO tenure affects ownership mode choice of Chinese firms investing abroad, and how some organizational factors, such as firm size, firm age and CEO duality, moderate this relationship. Using secondary data, this study finds CEO tenure has a positive relationship with the choice of full control mode, CEO duality can reinforce this relationship, but firm size and firm age have no significant moderating effect.

https://doi.org/10.1016/j.ibusrev.2014.02.003