The greater part of the current examinations on the affecting elements of Finance investor relations are directed according to the viewpoints of corporate qualities, corporate administration and value structure, overlooking the heterogeneity of the subject of Finance investor relations choice — CEO. As per the highest level hypothesis, the CEO's Abroad Conduct foundation will impact their mental premise and values, which thus influences their choices on the organization's procedure. Brand hypothesis More show, because of the undeniable social contrasts between nations, CEO abroad review or work period is a "touchy period", the CEO will encounter the course of "brand", framed with the abroad climate of mental qualities and capacity qualities, regardless of whether the CEO home, the abroad experience "brand" attributes actually endure, influence the CEO the executives choice of the organization. In light of this, in view of the hypothetical examination, this paper lays out A different straight relapse model in view of the management information of a-share non-monetary recorded organizations in 2009-2018 to examine the effect of CEO's Abroad Conduct foundation on the Finance investor relationship of endeavors. That's what the exact outcomes show:
The CEO's Abroad Conduct foundation can fundamentally further develop the corporate Finance investor relations, and the end is as yet substantial in the wake of adding apparatus factors to control endogenous issues, changing the Finance investor relationship organization factors, Really including the Individual Capital Construction Hypothesis attributes of the CEO, and controlling the common fixed effect.
More examination results demonstrate the way that the abroad working foundation of CEO can altogether further develop the Finance investor relations of undertakings, while the abroad learning foundation of CEO essentially affects the Finance investor relations.
Table of Contents
CEO's Overseas background and Corporate Value: A Study based on Listed company data
1. Introduction
1.1 Research Background
1.2 Study significance
1.2.1 Theoretical Significance
1.2.2 Practical significance
1.3 Study content and methods
1.3.1 Research content
1.3.2 Research methods
1.4 Research and innovation
2. Related concepts and theoretical foundations
2.1 Definition of relevant concepts
2.1.1 CEO echelon theory
2.1.2 Imprinting theory
2.1.3 Power theory of management
2.2 Theoretical basis results of CEOs
2.2.1 Personal Capital Structure Theory characteristics of CEOs
2.2.2 Overseas Behavioral background of CEOs
2.3 Finance investor relations research results
2.3.1 Definition and measurement methods of Finance investor relations
2.3.2. Communication mode and positioning of Finance investor relations
2.3.3 The role and economic consequences of Finance investor relations
2.4 CEO background and Finance investor relations
2.5 Related concepts and theoretical foundations
3. Theoretical analysis and research hypotheses
4. Research Assumptions and Model Design
4.1 Research Assumptions, Sample Selection and Data Sources
4.2 Variable Selection
4.2.1 The explained Model (1) Variables
4.2.2 The explanatory Model (2) Variables
4.2.3 Control variables
4.3 Empirical model design
5. The empirical results and analysis
5.1 Descriptive statistics
5.2 Correlation analysis
5.3 Analysis of the regression results
5.4 More analysis
5.4.1 Group by Overseas Behavioral background of CEO
5.4.2 Group by CEO management autonomy
5.4.3 Group by company transparency
5.5. Robustness test
5.5.1 endogeneity test
5.5.2 Replace the Finance investor relations measurement method
5.5.3 Replace the control variables
6. Study conclusions, recommendations, and limitations
6.1 Study Conclusion
6.2 Policy recommendations
6.3 Study Limitations
Research Objectives and Topics
This study aims to examine the impact of a CEO's overseas career and educational background on a company's finance investor relations strategies. By utilizing data from A-share listed Chinese companies between 2009 and 2018, the research explores how these international experiences shape managerial mental frameworks and ultimately influence corporate communication and disclosure practices.
- CEO Echelon Theory and Imprinting Theory in corporate governance.
- Empirical analysis of CEO overseas backgrounds vs. finance investor relations performance.
- The role of information disclosure and corporate transparency in capital markets.
- Internal and external drivers of high-quality investor relation management.
Excerpt from the Book
1.1 Research Background
With the ceaseless turn of events and improvement of monetary business sectors and awesome, esteem speculation idea increasingly more by the consideration of the Money investors, the organization's monetary circumstance, vital goals, corporate administration data bit by bit become a significant reference element of Money investors choice, the rising Money investor data interest, anxious to comprehend organization data however much as could be expected, anticipating direct discourse with organization the management. To reinforce the data correspondence with Money investors and meet the data needs of Money investors, the recorded organizations started to set up full-time divisions or staff to complete the Money investor relations work. Finance investor relations (IR-Money investor Relations) alludes to the drawn out connection between recorded organizations and Money investors, in 1953, general electric, administrator of the Ralph Cordiner previously proposed the idea of Money investor relations the executives, used to characterize the recorded organization to decrease the data deviation, Money investors' acknowledgment and backing of the organization, dynamic collaboration with Money investors or willful data divulgence the management conduct. In 1969, the Public Relationship for Money investor Relations (NIRI) was laid out, and afterward recorded organizations in the UK, Japan, Germany, France and different nations additionally contended to direct Fund investor relations exercises.
Summary of Chapters
1. Introduction: Presents the background, significance, research content, and methodology regarding the relationship between the CEO and finance investor relations.
2. Related concepts and theoretical foundations: Reviews the literature on CEO echelon theory, imprinting theory, and management power theory as they apply to corporate governance.
3. Theoretical analysis and research hypotheses: Develops the core hypothesis that a CEO's overseas background has a positive impact on corporate finance investor relations through mental "branding".
4. Research Assumptions and Model Design: Details the sample selection criteria, variable definitions, and the regression model used for the empirical testing.
5. The empirical results and analysis: Presents descriptive statistics, correlation analysis, empirical regression results, and robustness tests to validate the research findings.
6. Study conclusions, recommendations, and limitations: Summarizes the key research findings, provides actionable policy recommendations for firms, and acknowledges the study's limitations.
Keywords
Overseas Behavioral background, Finance investor relations, CEO echelon theory, Imprinting Theory, corporate governance, information disclosure, management autonomy, marketization, capital market, internal control, CEO characteristics, Chinese listed companies, investment efficiency, corporate transparency, investor confidence.
Frequently Asked Questions
What is the core focus of this research?
The research focuses on analyzing the impact of a CEO’s overseas professional and educational background on the quality and performance of a corporation's finance investor relations strategies.
Which central theoretical frameworks are utilized?
The study primarily utilizes the "CEO Echelon Theory" and "Imprinting Theory" to explain how past experiences influence current managerial decision-making.
What is the ultimate research question?
The core question is whether having a CEO with an overseas background leads to stronger and more proactive finance investor relations management within Chinese listed firms.
What methodology is applied?
The study employs a multiple linear regression analysis based on a sample of A-share non-financial listed companies in China from 2009 to 2018.
What topics does the main part of the work cover?
The main part covers the conceptualization of investor relations, the empirical relationship between CEO background and IR performance, and robustness tests under different governance conditions.
Which keywords best describe this study?
Relevant keywords include Overseas Behavioral background, Finance investor relations, CEO echelon theory, Imprinting Theory, and Corporate Governance.
How does "Imprinting Theory" explain the CEO's behavior?
It suggests that a CEO’s "delicate" developmental period abroad forms a mental "brand" or "imprint" that continues to influence their management style and decision-making upon returning home.
Why does company transparency influence the results?
The study finds that the CEO's overseas background has a more significant positive effect on investor relations in companies with lower initial transparency, where there is greater room for management to influence disclosure outcomes.
- Quote paper
- Arslan Aylyyev (Author), 2023, CEO's Overseas Background and Corporate Value. A Study based on Listed Company Data, Munich, GRIN Verlag, https://www.grin.com/document/1359519
