Author(s)

Jinqi Liu, Zhonglin Wu

Corresponding Author

Zhonglin Wu

ABSTRACT

The economy is currently experiencing globalization and every country is looking to recruit large numbers of people to develop their markets and boost their own economies. Governments often offer incentives and benefits to attract overseas talent, and universities often organize events to increase opportunities for overseas students to exchange for study abroad. Some companies will hire executives with overseas experience at high salaries, which may make the company more competitive and broad-minded. However, it is worth examining the argument as to whether executives with overseas experience have a profound impact on the behavioral decisions of companies. Firstly, through general investment, this article investigates the link between management overseas experience and company investment behavior, corporate innovation, and corporate social responsibility (CSR). Secondly, this paper examines the relationship between debt financing cost, cost of equity capital, financial hardship, tax avoidance, audit fees, mergers and acquisitions (M&A), and financialization of real enterprises. Finally, this paper investigates the impact of management foreign experience and firm performance through executive recruitment decisions, the performance of emerging market companies, and the impact of corporate finance on firm performance. Board diversity and internationalization of enterprises, the regulatory role, and investment efficiency are examined. These studies lead us to conclude that managers with an international background have a substantial favorable influence on company behavioral decisions.

KEYWORDS

Overseas Experience, Corporate Investment, Financing Behavior, Firm Performance