Tao Bai , Abby Jingzi Zhou , Steven Shijin Zhou , Peter Liesch
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Negative performance feedback, CEO power and internationalization
We examine the critical role of CEO power in influencing the firm's internationalization in response to negative performance feedback. Firms with CEOs who possess strong ownership and expert power may adopt a self-enhancement approach avoiding strategic changes within the firm such as pursuing internationalization to address a performance shortfall. In contrast, those with CEOs who wield significant structural and prestige power may adopt a problem-solving approach using internationalization as a solution. Positive performance prospects, as identified by business analysts, intensify these patterns. Data from 462 newly listed public companies in China from 2009 to 2020 support our hypotheses. We conclude that firms may internationalize to address domestic performance shortfalls rather than to exploit advantages in overseas markets.
期刊介绍：
The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.
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