The effects of corporate governance and institutional environments on export behaviour in emerging economies evidence from China

Jiangyong Lu (First Author), Bin Xu (Participant Author), Xiaohui Liu (Participant Author)

Research output: Contribution to journalJournal

56 Citations (Web of Science)

Abstract

This paper examines the impact of corporate governance and institutional environments on the export behaviour of firms in emerging economies. We argue that the role of corporate governance should be analysed from both principal- agent and principal-principal perspectives. We hypothesise that institutional environments moderate the effects of corporate governance on export behaviour. Analysis of a sample of Chinese listed firms supports our argument that outside directors and CEO shareholding help firms make export decisions, while the effects of ownership concentration may be non-monotonic. Sample firms’ export propensity is higher the better the institutional environments of their locations. This positive effect of institutional environments comes both directly and from the moderating of the effects of corporate governance.
Original languageEnglish
Pages (from-to)455-478
JournalManagement International Review
Volume49
Issue number4
DOIs
Publication statusPublished - 2009

Corresponding author email

lujiangyong@gsm.pku.edu.cn

Keywords

  • Chinese listed firms
  • Corporate governance
  • DIRECTORS
  • DIVERSIFICATION
  • EXECUTIVE PAY
  • Export behaviour
  • FIRM PERFORMANCE
  • FOREIGN DIRECT-INVESTMENT
  • INTERNATIONAL-BUSINESS
  • Institutions
  • OWNERSHIP STRUCTURE
  • RISK-TAKING
  • STRATEGY
  • TRANSITION

Indexed by

  • ABDC-A
  • Scopus
  • SSCI

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