CEO特征如何影响中国企业并进型FDI?

摘要 并进型对外直接投资战略已经引起各界广泛关注。在推进并进型战略过程中，CEO作为高管团队核心成员至关重要。而现有研究未对CEO特征及其对并进型战略影响机制进行深入分析。从战略选择角度出发，基于高阶梯队理论，从CEO年龄、教育程度及任期三个角度提出了并进型对外直接投资战略影响机制的研究框架，研究发现:CEO年龄、教育程度与海外并进型对外直接投资呈正相关关系，CEO任期会对CEO教育程度和企业海外并进型战略间关系起到调节作用。
Abstract： Ambidextrous FDI strategy has attracted great public attention. CEO， the core part of TMT， plays an essential role in promoting ambidextrous strategies. Given that there is less in-depth research on CEO demographic features and working mechanisms， the effect of CEO age， educational background and tenure on overseas ambidextrous strategies were examined based on the upper echelons theory from the perspective of strategy selection.It was found that the older and more educated the CEO is， the more ambidextrous the firm will be. Moreover， CEO tenure will moderate the relationship between CEO education and the firm’s ambidexterity.