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| Title: | 外籍經理人對公司創新、不當行為及國際化之影響
The Influences of Foreign Executives on Corporate Innovation, Misbehavior, and Internationalization |
| Authors: | 黃建霖
Huang, Jian-Lin |
| Contributors: | 周冠男
Chou, Robin K.
黃建霖
Huang, Jian-Lin |
| Keywords: | 外籍經理人
經理人特質
公司決策
Foreign managers
Managerial characteristics
Corporate decisions |
| Date: | 2021 |
| Issue Date: | 2021-07-03 00:54:33 (UTC+8) |
| Abstract: | 本研究基於行為一致理論(Behavioral consistency theory)與高層理論(Upper echelon theory)，以2003至2016年上海及深圳交易所上市公司為樣本，探討外籍高階經理人（董事長與CEO）對公司創新、不當行為和公司國際化的影響，延續經理人特質對公司決策影響的一系列研究。我們考量到聘用外籍經理人可能不是隨機選擇的過程，這可能會導致自我選擇偏誤的內生性問題。因此我們採用Heckman兩階段選擇模型(Heckman two-step sample selection model)、傾向分數配對法(Propensity score matching procedure)，以及加入外資公司這項控制變數進行穩健性檢定。研究結果顯示，外籍經理人有助於公司創新與國際化，但是有更高的可能性涉及不當行為。
We analyze the effect of foreign executives (chairman and CEO) on corporate innovation, misbehavior, and internationalization by using a sample of Chinese listed corporations from 2003 to 2016. We extend behavioral consistency and upper echelon theories to determine that foreign executives are positively associated with corporate innovation, misbehavior, and internationalization, thereby extending a series of studies on the influence of managerial characteristics on company decision-making. We consider that hiring foreign managers may not be a random choice for firms, which can cause self-selection bias. Therefore, we examine a series of tests to ensure the robustness of our main conclusions, including the use of Heckman two-stage procedure, matched sample approach, and controlling for foreign-owned entities. We conclude that foreign executives can promote innovation activities and internationalization; however, they are more likely to engage in corporate fraud. |
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| Description: | 碩士
國立政治大學
財務管理學系
108357027 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0108357027 |
| Data Type: | thesis |
| DOI: | 10.6814/NCCU202100558 |
| Appears in Collections: | [財務管理學系] 學位論文
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