What question did this study set out to answer?

To examine whether international experience among CEOs and senior executives influences the choice of listing location for initial public offerings (IPOs) of Chinese entrepreneurial firms.

December 6, 2019Economic ModellingOpen Access

CEO international experience and foreign IPOs

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Authors

TDTinghua DuanEcole des Hautes Etudes Commerciales du Nord WHWenxuan HouUniversity of Edinburgh WRWilliam ReesUniversity of Edinburgh

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Implication

Empirical study reveals higher foreign listing rates among Chinese entrepreneurial firms with internationally experienced leaders, suggesting executive background directly steers corporate...

Key Points

To examine whether international experience among CEOs and senior executives influences the choice of listing location for initial public offerings (IPOs) of Chinese entrepreneurial firms.
Analyzed listing decisions from a sample of IPOs of Chinese entrepreneurial firms across mainland China, the United States, and Hong Kong.
Evaluated the moderating roles of foreign legal institutions, high-technology industry status, and the 2010 Chinese firm credibility crisis on listing choices.
Firms led by CEOs with international experience exhibited a significantly greater likelihood of pursuing foreign IPOs compared to domestic listings.
The propensity for foreign listing was pronounced among CEOs returning from countries with advanced legal systems and those managing high-tech enterprises.
Following the 2010 credibility crisis, foreign IPO destinations shifted from the United States to Hong Kong, with results holding across returnee CFOs and other senior executives.

Cite This Study

Duan et al. (2019) studied this question.

synapsesocial.com/papers/6a73a09f71f2000f104c9de0 https://doi.org/10.1016/j.econmod.2019.11.033

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Implication

Empirical study reveals higher foreign listing rates among Chinese entrepreneurial firms with internationally experienced leaders, suggesting executive background directly steers corporate...

CEO international experience and foreign IPOs

Discussion

Member takes

Implication

Key Points

Cite This Study

CEO international experience and foreign IPOs

Discussion

Member takes

Implication

Key Points

Cite This Study

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