CEO开放性特征、创新能力和企业国际化程度

Abstract
Figure/Table
References
Related Citation (15)

Download: PDF (5973 KB) HTML (1 KB)
Export: BibTeX | EndNote (RIS)

Abstract With the implementation of the Belt and Road Initivative,an important issue about how to choose the internationalization strategy has become the common concern for both academic circus and business sectors.In the circumstance,this research builds a theoretical model to analyze the influence of CEO openness on the degree of internationalization,and both the mediating role of the innovation capability and the moderating role of the aspiration loss are tested.The empirical results demonstrate that,CEO openness plays an indirect role in enhancing Chinese enterprises' degree of internationalization,which means the higher the level of CEO openness is,the higher the innovation capability is,thus such companies are more likely to enhance the degree of internationalization.Besides,aspiration loss plays a significant positive moderating role in the relationship between CEO openness and the degree of internationalization,as well as the positive relationship between innovation capability and the degree of internationalization.In addition,aspiration loss moderates the mediating role of innovation capability between CEO openness and the degree of internationalization.The results attempt to provide reference for Chinese enterprises selecting appropriate CEO to enhance the degree of internationalization.

Key words： CEO openness Degree of internationalization Innovation capability Aspiration loss

Received: 18 February 2019

PACS:

F276.7

	Service

	E-mail this article
	Add to my bookshelf
	Add to citation manager
	E-mail Alert
	RSS
	Articles by authors
	Chen Zhihong
	Zhang Ying
	Li Jian

Cite this article:

Chen Zhihong,Zhang Ying,Li Jian. CEO Openness Character, Innovation Capability and Degree of Internationalization[J]. , 2020, 1(2): 139-147.

URL:

http://www.zgkjlt.org.cn/EN/ OR http://www.zgkjlt.org.cn/EN/Y2020/V1/I2/139

[1]邓新明,熊会兵,李剑峰,等.政治关联、国际化战略与企业价值——来自中国民营上市公司面板数据的分析[J].南开管理评论,2014,17 (1):26-43.
[2]陈立敏,刘静雅,张世蕾.模仿同构对企业国际化绩效关系的影响——基于制度理论正当性[J].中国工业经济,2016 (9):127-143.
[3]United Nations Conference on Trade and Development.World investment report 2014:investing in the SDGs:an action plan[R].Switzerland:United Nations Publication,2014.
[4]LU J W,BEAMISH P W.The internationalization and performance of SMEs[J].Strategic management journal,2001,22 (6-7):565-586.
[5]KICRA A H,HULT G T M,PERRYY M,et al.A multilevel examination of the drivers of firm multinationality:a meta-analysis[J].Social science electronic publishing,2010,38 (2):502-530.
[6]HAMBRICK D C,MASON P A.Upper Echelons:the organization as a reflection of its top managers[J].Academy of management review,1984,9 (2):193-206.
[7]DATTA D K,RAJAGOPALAN N,ZHANG Y.New CEO openness to change and strategic persistence:the moderating role of industry characteristics[J].British journal of management,2003,14 (2):101-114.
[8]BEHR H,FEHRE K.Academy of management annual meeting proceedings[C]// Hampering the Change:Consequences of the CEO's Strategic Commitment under Managerial Discretion.New York,USA,2015.
[9]宋渊洋,唐跃军,左晶晶.CEO特征与国际化战略——来自中国制造业上市公司的证据[J].中大管理研究,2009(4):61-73.
[10]SANDERS W G,CARPENTER M A.Internationalization and governance:the roles of CEO compensation,top team composition and board structure[J].Academy of management journal,1998,41 (2):158-178.
[11]NG E S,SEARS G J.The glass ceiling in context:the influence of CEO gender,recruitment practices and firm internationalisation on the representation of women in management[J].Human resource management journal,2017,27 (1):133-151.
[12]JAW Y L,LIN W T.Corporate elite characteristics and firm′s internationalization:CEO-level and TMT-level roles[J].The international journal of human resource management,2009,20 (1):220-233.
[13]ARAAUJPO-CABRERA Y,SUAREZ-ACOSTA M A,AGUIAR-QUINTANA T.Exploring the influence of CEO extraversion and openness to experience on firm performance[J].Journal of leadership & organizational Studies,2016,24 (2):1-15.
[14]RAMON-LLORENS M C,GARCIA-MECA E,DURENDEZ A.Influence of CEO characteristics in family firms internationalization[J].International business review,2017,26 (4):786-799.
[15]连燕玲,贺小刚.CEO开放性特征、战略惯性和组织绩效——基于中国上市公司的实证分析[J].管理科学学报,2015,18 (1):1-19.
[16]宋渊洋,李元旭.控股股东决策控制、CEO激励与企业国际化战略[J].南开管理评论,2010,13 (4):4-13.
[17]连燕玲,周兵,贺小刚,等.经营期望、管理自主权与战略变革[J].经济研究,2015,18 (1):1-24.
[18]YEOH P L.Internationalization and performance outcomes of entrepreneurial family SMEs:the role of outside CEOs,technology sourcing,and innovation[J].Thunderbird international business review,2014,56 (1):77-96.
[19]刘传志,杨根宁,余兴发.海外背景董事对企业国际化程度的影响研究[J].国际商务,2017,1:140-150.
[20]薛有志,李国栋.国际化战略实施与高层管理团队构成实证研究[J].管理学报,2009,6 (11):1478-1485.
[21]ABOODY D,LEV B.Information asymmetry,R＆D,and insider gains[J].The journal of finance,2000,55 (6):2747-2766.
[22]刘婧.控股股东身份差异、国际化程度和企业创新能力研究——基于民营企业的实证分析[J].浙江金融,2016(7):43-52.
[23]吴建祖,肖书锋.研发投入跳跃对企业绩效影响的实证研究——双元性创新注意力的中介作用[J].科学学研究,2015 (10):1538-1554.
[24]彭红霞,达庆利.企业文化、组织学习、创新管理对组织创新能力影响的实证研究[J].管理学报,2008,5 (1):144-149.
[25]CYERT R M,MARCH J G.A behavior theory of the firm[M].Englewood Cliffs,NJ:Prentice Hall,1963.
[26]贺小刚,连燕玲,吕斐斐.期望差距与企业家的风险决策偏好——基于中国家族上市公司的数据分析[J].管理科学学报,2016,19 (8):1-20.
[27]HIRSHLEIFER D,LOW A,TEOH S H.Are overconfident CEOs better innovators[J].Journal of finance,2010,67 (4):1457-1698.
[28]宋铁波,钟熙,陈伟宏.期望差距与企业国际化速度:来自中国制造业的证据[J].中国工业经济,2017(6):175-192.
[29]GREVE H R.Organizational learning from performance feedback:a behavioral perspective on innovation and change[M].Cambridge,UK:Cambridge University Press,2003.
[30]GREVE H R.Performance,aspirations and risky organizational change[J].Administrative Science Quarterly,1998,43 (1):58-86.
[31]连燕玲,贺小刚,高皓.业绩期望落差与企业战略调整[J].管理世界,2014(11):119-130.
[32]CHEN W R.Determinants of firms′ backward-and forward-looking R＆D search behavior[J].Organization science,2008,19 (4):609-622.
[33]PEGRAM T.Regulatory stewardship and intermediation:lessons from human rights governance[J].Annals of the American academy of political and social science,2017,670 (1):225-244.
[34]ZHANG X M,BARTOL K M,SMITH K G P.CEO on the edge:earnings manipulation and stock-based incentive misalignment[J].Academy of management journal,2008,51 (2):241-258.
[35]WISEMAN J M,GOMEZ-MEJIA L R.A behavioral agency model of managerial risk taking[J].Academy of management review,1998,23 (1):133-153.
[36]RUIGROK W,AMANN W,WAGNER H.The internationalization-performance relationship at Swiss firms:a test of the S-shape and extreme degrees of internationalization[J].Management international review,2007,47 (3):349-368.
[37]张平,黄智文,高小平.企业政治关联与创业企业创新能力的研究——高层管理团队特征的影响[J].科学学与科学技术管理,2014,35 (3):117-123.
[38]温忠麟,叶宝娟.有调节的中介模型检验方法:竞争还是替补[J].心理学报,2014,46 (5):714-726.
[39]EDWARDS J R,LAMBERT L S.Methods for integrating moderation and mediation:a general analytical framework using moderated path analysis[J].Psychological methods,2007,12 (1):1-22.