Executives’ overseas backgrounds, equity incentives, and corporate risk-taking

Corporate risk-taking is crucial for seizing market opportunities and promoting development. Using panel data from listed companies between 2010 and 2022, this study investigates the impact of executives' overseas backgrounds on corporate risk-taking. The results reveal that executives' overseas backgrounds effectively promote corporate risk-taking. Specifically, higher equity incentives amplify the positive effect of executives' overseas backgrounds on corporate risk-taking, while corporate performance serves as a mediating channel through which executives’ overseas backgrounds positively influence corporate risk-taking. The findings provide important practical implications for human resource management and risk management strategy formulation.