Purpose

The purpose of this study is to study the impact of the chief executive officer (CEO) general work experience on the level of firm internationalization in the form of foreign direct investment.

Design/methodology/approach

The author collects and analyzes data on publicly traded US firms in the manufacturing sector from 1993 to 2012.

Findings

The author finds that CEOs with more general work experience tend to engage in a higher degree of foreign direct investment (FDI)-based internationalization. This relationship will be weakened by CEO stock ownership and enhanced by CEO Ivy League education.

Originality/value

This study enriches the understanding of the important role top managers play in internationalization decisions. The study also contributes to the literature on managerial risk-taking by exploring the outcomes of managerial risk-taking, which have been less studied than the antecedents.

中文翻译：

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CEO一般工作经历与基于FDI的国际化

目的

本研究的目的是研究首席执行官 (CEO) 一般工作经验对外国直接投资形式的企业国际化水平的影响。

设计/方法/途径

作者收集并分析了 1993 年至 2012 年美国制造业上市公司的数据。

发现

作者发现，具有更一般工作经验的 CEO 倾向于从事更高程度的基于外国直接投资 (FDI) 的国际化。这种关系将因 CEO 持股而削弱，并因 CEO 常春藤盟校教育而加强。

原创性/价值

本研究丰富了对高层管理人员在国际化决策中所扮演的重要角色的理解。该研究还通过探索管理风险承担的结果，为管理风险承担的文献做出了贡献，这些结果比前因研究得少。