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The Effects of Corporate Governance and Institutional Environments on Export Behaviour: Evidence from Chinese Listed Firms

机译:公司治理与制度环境对出口行为的影响 - 来自中国上市公司的证据

摘要

The impact of corporate governance on export decisions is an important yet under- explored research issue. This paper examines this issue with respect to Chinese listed firms. We adopt an analytical framework in which the effects of corporate governance on export decisions are associated with institutional environment. We test several hypotheses derived from this framework. The sample firm’s export propensity and export intensity are found to be positively impacted by CEO ownership share and independent director ratio, and negatively impacted by private/family control. The export-promoting effects of CEO ownership share and independent director ratio are found to be positively moderated by a well-established institutional environment.
机译:公司治理对出口决策的影响是一个重要但尚未探讨的研究问题。本文针对中国上市公司研究了这一问题。我们采用一个分析框架,在该框架中,公司治理对出口决策的影响与制度环境相关。我们测试了从该框架得出的几个假设。发现样本公司的出口倾向和出口强度受到首席执行官所有权份额和独立董事比例的正面影响,而受到私人/家族控制的负面影响。业已建立的制度环境对首席执行官持股比例和独立董事比例的出口促进作用产生了积极影响。

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