Resilient leadership and outward foreign direct investment: A conceptual and empirical analysis*

被引:12
|
作者
Qiao, Penghua [1 ]
Fung, Anna [2 ]
Fung, Hung-Gay [3 ]
Ma, Xinnian [1 ]
机构
[1] Kunming Univ Sci & Technol, Sch Business & Econ, Kunming 650093, Yunnan, Peoples R China
[2] Amer Univ, Management Dept, Kogod Sch Business, Washington, DC 20016 USA
[3] Univ Missouri, Coll Business Adm, One Univ Blvd, St Louis, MO 63121 USA
基金
中国国家自然科学基金;
关键词
Outward foreign direct investment; External forces; Resilient leadership; EMERGING MARKET FIRMS; LISTED FIRMS; INTERNATIONALIZATION; PERFORMANCE; EXPERIENCE; STRATEGY; DISTANCE; VENTURES; IMPACT; SCALE;
D O I
10.1016/j.jbusres.2022.02.053
中图分类号
F [经济];
学科分类号
02 ;
摘要
We developed and tested a theoretical model that links the effect of resilient leadership to firms' outward foreign direct investment (OFDI). We identified resilience scores using videos of CEOs/Board chairs and the ConnorDavidson Resilience Scale. We theorized that resilient leaders will have a positive effect on research and development (R&D) investment, human capital investment, and OFDI. Moreover, R&D and human capital investments will have a mediating effect on resilient leaders in driving OFDI. The positive effect of resilient leadership on OFDI will be stronger when confronted with external forces, such as the competitive intensity of industry and government subsidies, whereas the positive effect will be weaker when resilient leaders have prior foreign experience and their firms are large. We found support for these ideas in a longitudinal sample of Chinese companies.
引用
收藏
页码:729 / 739
页数:11
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