活动/讲座时间：2021-04-29 19:00

活动/讲座地点：九里校区 J4106

活动/讲座嘉宾：黄缘缘 讲师

嘉宾介绍：

黄缘缘博士毕业于西安交通大学管理学院，工商管理专业。2012年，在香港中文大学交流访问。2019年至2020年，在南卡罗来纳大学达拉莫尔商学院，访问一年。主要的研究方向是：新兴经济企业的对外直接投资问题、绩效反馈与公司的战略选择、一带一路下企业的国际化战略选择。截止目前，黄缘缘博士已经发表高质量的中英文论文20余篇，包括《Journal of World Business》、《Asia Pacific Journal of Management》、《International Business Review》、《Journal of Leadership & Organizational Studies》、《Journal of Policy Modeling》、《Journal of Organizational Change Management》、《管理工程学报》、《管理学报》、《管理科学》、《系统工程理论与实践》、《科学学与科学技术管理》等。她目前主持及主研多项科研项目，包括国家自然科学基金青年项目、教育部人文社科青年项目等。

主要内容：

Integrating the behavioral theory of the firm (the BTF) and the self-enhancement motive of managers, this paper examines how performance feedback—the discrepancy between actual performance and aspiration levels—affects the international expansion of emerging economy firms (EEFs). Empirical results using panel data on 876 publicly-listed Chinese manufacturing companies over a 7-year period indicate that performance relative to social aspiration (i.e., peer performance) and relative to historical aspiration (i.e., firms’ own past performance) affects EEFs’ levels of subsequent outward foreign direct investment (OFDI). Specifically, performance below social or historical aspiration enhances levels of OFDI, while the effect of performance below social aspiration is stronger than that of underperforming historical results. The results also show that performance above social aspiration enhances levels of OFDI, while performance above historical aspiration decreases levels of OFDI. Moreover, we uncover the importance of considering the joint effect of historical and social performance feedback, as receiving consistent or mixed signals about firm performance may result in risk-taking behaviors that differ from those triggered by just one performance signal on its own. These findings underscore the impact of performance feedback relative to social and historical aspirations on EEFs’ OFDI activities.