１２/１１（火）所員研究会を開催いたします

当研究所では所員の研究発表や情報交換のための所員研究会を開催しております。
研究者向けの研究会ですが、一般の参加もできますので、興味のある方は是非お越しください。

日時

2018年12月11日(火) 14:00～15:30

会場

アジア成長研究所　6階　会議室
（北九州市小倉北区大手町11-4　北九州市大手町ビル「ムーブ」6階）

参加料

無料

使用言語

発表・資料ともに英語

発表者・テーマ・概要

発表者：孫　暁男（SUN, Xiaonan） AGI上級研究員

テーマ：
“Managerial foreign experience and outward FDI: Evidence from China” (co-authored with Yun Ke and Wen Wen)

概要：
Recent development of internationalization has been characterized by the rapid growth of outward foreign direct investment (OFDI) from emerging economies. As the largest emerging economy in the world, China has transformed from a net inward to a net outward investing country in 2016 (UNCTAD, 2017). What drives the surge of OFDI remains to be answered.
This paper focuses on the international experience of managers and examines how it contributes to the outward investments of Chinese listed firms. Using the manually collected information of managerial international experience from 2001 to 2015, we find firms with returnee managers are more likely to participate in OFDI, invest with higher frequency and larger values. This positive association remains robust with alternative international experience measures and a variety of empirical methods. Further analyses show that managerial foreign experience also promotes the performances of OFDI. The effects are significant only when managers obtained their study or work experience from developed economies or countries with well-established investor protection institutions. Moreover, the OFDI facilitation impacts of managers depend on the seniority of the position as well as firm ownership.

◆詳細 [PDFファイル]

更新日：2018年12月4日
カテゴリ：セミナー