CEOs’ foreign experience and corporate litigation: evidence from China

ABSTRACT

We study the relationship between CEOs’ foreign experience and corporate litigation with Chinese listed companies over the period from 2008 to 2018. We find a negative association between the CEO’s foreign experience and corporate litigation. The foreign experience of the CEO rather than the Chairman is more relevant to company litigation. The negative correlation comes from the CEO’s foreign working experience rather than foreign study experience. Our results are robust to different estimation methods.

KEYWORDS:

• CEOs‘ foreign experience
• corporate litigation
• foreign working experience
• China

JEL CLASSIFICATION:

• G34
• J24

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Funding

The work was supported by the National Science and Technology Council [MOST 110-2410-H-027-006].