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Executives’ overseas backgrounds, equity incentives, and corporate risk-taking

Year: 2025

Type: article

Abstract: Corporate risk-taking is crucial for seizing market opportunities and promoting development. Using panel data from listed companies between 2010 and 2022, this study investigates the impact of executives' overseas backgrounds on corporate risk-taking. The results reveal that executives' overseas backgrounds effectively promote corporate risk-taking. Specifically, higher equity incentives amplify the positive effect of executives' overseas backgrounds on corporate risk-taking, while corporate performance serves as a mediating channel through which executives’ overseas backgrounds positively influence corporate risk-taking. The findings provide important practical implications for human resource management and risk management strategy formulation.

Source: International Review of Economics & Finance

DOI: 10.1016/j.iref.2025.104132

Authors: Zining Guo, Xingzhou Li

Institution: Beijing Institute of Technology

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Peace, justice, and strong institutions

Open Access status: gold

Estimated APC paid: $1,930