Impact of equity internationalization on firms’ human capital structure under high-standard opening-up
Year: 2026
Type: article
Abstract: Under high-standard opening-up, foreign shareholders have become an important channel through which firms access global resources. Using A-share listed firms from 2011 to 2024, this paper finds that equity internationalization significantly promotes firms’ human capital structure upgrading through market expansion, technological advancement, and supervisory governance; CEO overseas experience and a favorable business environment strengthen this effect. This paper provides important implications for improving high-standard opening-up policies and optimizing firms’ human capital structure.
Source: Zhongguo ruankexue
Authors: Yue CAO, Wenqi ZHANG, Ping YANG
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W7165490398
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