TY - JOUR
T1 - CEO career horizon and corporate bribery
T2 - a strategic relationship perspective
AU - Fan, Jiasi
AU - Tao, Zhexiong
AU - Oehmichen, Jana
AU - van Ees, Hans
N1 - Publisher Copyright:
© 2022, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.
PY - 2024/6
Y1 - 2024/6
N2 - We investigate the impact of CEO career horizon on corporate bribery. Based upon the research on time horizon of corporate investments, we argue that bribery may be implemented as an investment in strategic relationships with long-term motivations in emerging markets and, for that matter, CEOs with longer career horizons rather than shorter career horizons are more likely to make bribery investments. Using a sample of 2,914 Chinese listed companies from 2010 to 2018, we find support for the argument. The finding challenges the long-held assumption that short-term oriented CEOs are prone to paying bribes. Further, we augment the research by expounding upon the way that state ownership moderates the relationship between CEO career horizon and firm bribery investment.
AB - We investigate the impact of CEO career horizon on corporate bribery. Based upon the research on time horizon of corporate investments, we argue that bribery may be implemented as an investment in strategic relationships with long-term motivations in emerging markets and, for that matter, CEOs with longer career horizons rather than shorter career horizons are more likely to make bribery investments. Using a sample of 2,914 Chinese listed companies from 2010 to 2018, we find support for the argument. The finding challenges the long-held assumption that short-term oriented CEOs are prone to paying bribes. Further, we augment the research by expounding upon the way that state ownership moderates the relationship between CEO career horizon and firm bribery investment.
KW - CEO career horizon
KW - Corporate bribery
KW - Corporate investment
KW - Non-market strategy
KW - Strategic relationship
UR - http://www.scopus.com/inward/record.url?scp=85146179387&partnerID=8YFLogxK
U2 - 10.1007/s10490-022-09868-z
DO - 10.1007/s10490-022-09868-z
M3 - Article
AN - SCOPUS:85146179387
SN - 0217-4561
VL - 41
SP - 701
EP - 717
JO - Asia Pacific Journal of Management
JF - Asia Pacific Journal of Management
IS - 2
ER -