The Impact of Executives'Overseas Background on Corporate Internationalization Performance:The Moderating Role of Incentive Mechanisms
Using panel data from Chinese A-share listed companies from 2015 to 2019,this paper empiri-cally examines the impact of executives'overseas background on corporate internationalization performance in multinational companies and explores the moderating role of incentive mechanisms in this process.Stepwise re-gression analysis based on a random effects model indicates that executives with overseas education backgrounds have a significant positive impact on the internationalization performance of multinational companies,while ex-ecutives with overseas work backgrounds have a significant negative impact.This phenomenon supports the"so-cial categorization theory".Salary incentives positively moderate the relationship between executives'overseas education backgrounds and corporate internationalization performance,promoting the positive impact of execu-tives'overseas education backgrounds on corporate internationalization performance.Equity incentives negative-ly moderate the relationship between executives'overseas work backgrounds and corporate internationalization performance,mitigating the negative impact of executives'overseas work backgrounds on corporate internation-alization performance.The research findings provide valuable insights for multinational companies in developing strategies for attracting talents with overseas backgrounds.
executives'overseas backgroundcorporate internationalization performancesalary incen-tivesequity incentivessocial categorization theory
万方数据
