CEO tenure and ownership mode choice of Chinese firms: The moderating roles of managerial discretion |
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| Institution: | 1. Department of Economics and Management, City College, Wuhan University of Science and Technology, Wuhan 430083, China;2. Faculty of Economics and Social Science, University of Agder, Servicebox 422, 4604 Kristiansand, Norway;1. School of Management, Xi’an Jiaotong University, No. 28, Xianning West Road, Xi’an, Shaanxi, China;2. Department of Commerce, The Islamia University of Bahawalpur, Bahawalpur, Punjab, Pakistan |
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| Abstract: | Based on upper echelon theory, this study has explored how CEO tenure affects ownership mode choice of Chinese firms investing abroad, and how some organizational factors, such as firm size, firm age and CEO duality, moderate this relationship. Using secondary data, this study finds CEO tenure has a positive relationship with the choice of full control mode, CEO duality can reinforce this relationship, but firm size and firm age have no significant moderating effect. |
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| Keywords: | CEO duality CEO tenure Entry mode Managerial discretion Upper echelon theory |
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