Returnee Talent and Corporate Investment: Evidence from China
We manually collected a dataset comprising the overseas experiences of management teams of listed Chinese firms and investigated the effects of returnee talent on firm investment efficiency (InvEff). The results show that (1) returnees improve InvEff significantly, especially for firms that experien...
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| Veröffentlicht in: | The European accounting review 2018-03, Vol.27 (2), p.313-337 |
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| creator | Dai, Yunhao Kong, Dongmin Liu, Shasha |
| description | We manually collected a dataset comprising the overseas experiences of management teams of listed Chinese firms and investigated the effects of returnee talent on firm investment efficiency (InvEff). The results show that (1) returnees improve InvEff significantly, especially for firms that experience overinvestment; (2) the central-government-controlled state-owned enterprises benefit the most from overseas returnees; and (3) foreign experience in countries with effective governance and low corruption levels have significantly marginal effects on the improvement in InvEff. This study highlights a new channel of international knowledge spillover and practically guides the introduction of talent policy in emerging markets. |
| doi_str_mv | 10.1080/09638180.2016.1264306 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0963-8180 |
| ispartof | The European accounting review, 2018-03, Vol.27 (2), p.313-337 |
| issn | 0963-8180 1468-4497 |
| language | eng |
| recordid | cdi_proquest_journals_2025288063 |
| source | Business Source Complete; Access via Taylor & Francis |
| subjects | Ability Corruption Datasets Economic models Emerging markets Governance Management teams Markets Public enterprise Return on investment |
| title | Returnee Talent and Corporate Investment: Evidence from China |
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