Heterogeneity of CEO Managerial Cognition and Location Preference for OFDI Political Risk in Multinational Enterprises:Based on the Micro Data of Chinese Multinational Enterprises

被引：0
|
作者：
Shu B. [1 ]
Du X.-J. [1 ]
机构：
[1] School of Business Administration, Northeastern University, Shenyang
来源：
Dongbei Daxue Xuebao/Journal of Northeastern University | 2020年 / 41卷 / 05期
关键词：
Explicit knowledge; Heterogeneity of CEO managerial cognition; OFDI political risk location preference; Risk bearing; Tacit knowledge;
D O I：
10.12068/j.issn.1005-3026.2020.05.024
中图分类号：
学科分类号：
摘要：
From the perspective of the heterogeneity of CEO managerial cognition, and based on the upper echelons theory, the mechanism and boundary conditions of CEO managerial cognitive heterogeneity on OFDI's location preference for political risk were investigated by means of the data of multinational enterprises listed in Shenzhen and Shanghai Stock Exchange of China from 2009 to 2017.The results showed that a significant U-shaped relationship exists between CEO managerial cognitive heterogeneity (two dimensions of explicit knowledge and tacit knowledge) and OFDI's location preference for political risk, but the positive moderating effect of CEO risk bearing on the U-shaped relationship between CEO managerial cognition heterogeneity and OFDI's location preference for political risk is not significant. © 2020, Editorial Department of Journal of Northeastern University. All right reserved.
引用
收藏
页码：753 / 760
页数：7
相关论文
共 16 条
  • [1] Huang H., Nikita S., Political risks and controls of oversea investment by Chinese enterprises, Journal of Shenzhen University(Humanities & Social Sciences), 33, 1, pp. 93-100, (2016)
  • [2] Hambrick D.C., Mason P.A., Upper echelons: the organization as a reflection of its top managers, Academy of Management Review, 9, 2, pp. 193-206, (1984)
  • [3] Faccio M., Marchica M.T., Mura R., CEO gender and corporate risk-taking, Social Science Electronic Publishing, 39, pp. 193-209, (2014)
  • [4] Carpenter M.A., Pollock T.G., Leary M.M., Testing a model of reasoned risk-taking: governance, the experience of principals and agents, and global strategy in high-technology IPO firms, Strategic Management Journal, 24, 9, pp. 803-820, (2003)
  • [5] Shang H.-B., Li W.-N., Lan H.-L., How to renew managerial cognition?theory review and research agency of managerial cognition change, Science of Science and Management of S & T, 34, 8, pp. 25-33, (2013)
  • [6] Helfat C.E., Peteraf M.A., Managerial cognitive capabilities and the microfoundations of dynamic capabilities, Strategic Management Journal, 36, 6, pp. 831-850, (2015)
  • [7] Tallman S., Jenkins M., Henry N., Et al., Knowledge, clusters, and competitive advantage, Academy of Management Review, 29, 2, pp. 258-271, (2004)
  • [8] Zhang X.-H., Zhang J.-C., Song L.-R., The characteristics of individual knowledge and its development and management research, Journal of Technical Economics & Management, 2, pp. 34-37, (2013)
  • [9] Zhou J., Li X.-Q., Empirical study on the effect of cognitive heterogeneity of board on firm innovation strategy, Journal of Management Science, 25, 6, pp. 1-12, (2012)
  • [10] Wiersema M.F., Bantel K.A., Top management team demography and corporate strategic change, Academy of Management Journal, 35, 1, pp. 91-121, (1992)
12