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Managerial Ownership, Corporate Governance, and Firms’ Exporting Decisions: Evidence from Chinese listed companies

Dixon, R.; Guariglia, A.; Vijayakumaran, R.

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Authors

A. Guariglia

R. Vijayakumaran



Abstract

Using a large panel of Chinese listed companies over the period 2004–2010, we document that both export propensity and intensity increase with managerial ownership up to a point of around 23–27% and decrease thereafter. In addition, we find a negative association between state ownership and export intensity. Finally, we observe that the larger their board of directors, the lower firms' export propensity and intensity, and that firms with a higher proportion of independent directors in the board are generally less likely to export. These findings are mainly driven by privately controlled firms during the post-2006 period.

Citation

Dixon, R., Guariglia, A., & Vijayakumaran, R. (2017). Managerial Ownership, Corporate Governance, and Firms’ Exporting Decisions: Evidence from Chinese listed companies. European Journal of Finance, 23(7-9), 802-840. https://doi.org/10.1080/1351847x.2015.1025990

Journal Article Type Article
Acceptance Date Mar 2, 2015
Online Publication Date Apr 20, 2015
Publication Date 2017
Deposit Date Aug 15, 2016
Publicly Available Date Oct 20, 2016
Journal European Journal of Finance
Print ISSN 1351-847X
Electronic ISSN 1466-4364
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 23
Issue 7-9
Pages 802-840
DOI https://doi.org/10.1080/1351847x.2015.1025990
Public URL https://durham-repository.worktribe.com/output/1406473

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