文献类型：期刊文献

中文题名：产权性质和制度质量调节作用下的CEO过度自信与企业国际扩张研究

英文题名：The Relationship between CEO Overconfidence and International Expansion: The Moderating Roles of State Ownership and Institutional Quality

作者：葛菲[1];田启涛[2];贺小刚[3]

第一作者：葛菲

机构：[1]上海师范大学旅游学院;[2]河南财经政法大学工商管理学院,郑州市450046;[3]上海财经大学商学院

第一机构：上海师范大学旅游学院

年份：2020

卷号：17

期号：7

起止页码：1007-1015

中文期刊名：管理学报

外文期刊名：Chinese Journal of Management

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2017】；CSSCI:【CSSCI2019_2020】；

基金：国家自然科学基金资助项目(71972121,71672105,71372037);河南省教育厅人文社会科学研究资助项目(2020-ZZJH-033)。

语种：中文

中文关键词：CEO过度自信;国际扩张;产权性质;制度质量

外文关键词：CEO overconfidence;international expansion;state ownership;institutional quality

摘要：国际化决策是国际商业研究的重要内容,过度自信是激励经理人追求有价值的风险项目的重要心理维度。基于此,以2010~2018年间中国沪深A股工业企业为样本,分析了CEO过度自信对国际扩张的影响,考察了产权性质和制度质量的调节作用。研究结果表明,CEO过度自信的程度越高,更加倾向于进行企业国际扩张;相比国有企业,民营企业CEO过度自信对企业国际扩张具有负向影响;相比国有企业,东道国制度质量的提高会增强民营企业CEO过度自信对企业国际扩张的正向影响。
International decision-making is an important part of international business research, and overconfidence is an important psychological dimension that motivates managers to pursue valuable risk projects. This paper aims to analyze the impact of CEO overconfidence on international expansion, meanwhile examining the moderating effect of state ownership and institutional quality. Through the analysis of the data of China Shanghai and Shenzhen A shares of industrial companies from 2010 to 2018, this study shows that(1) The higher the degree of CEO overconfidence, the more inclined to international expansion;(2) The CEO overconfidence of private companies, compared with state-owned enterprises, has a negative effect on international expansion;(3) As the host country’s institutional quality improves, the CEO overconfidence of private companies, compared with state-owned enterprises, has a positive effect on international expansion.