Can CEOs’ overseas experience enhance the corporate digitalization level? – A perspective based on human capital theory

Purpose Drawing on human capital theory, this study aims to examine the impact of CEOs’ overseas experience on corporate digitization in the context of Chinese listed firms. Design/methodology/approach This paper takes Chinese A-share Listed Corporates from 2010 to 2022 as the research sample and, utilizing a framework of “hierarchical analysis – mechanism analysis – heterogeneity test”, conducts a comprehensive theoretical and empirical investigation into the relationship between CEO overseas experience and corporate digitization level. Findings The empirical findings reveal that CEOs with overseas experience significantly enhance the level of corporate digitization and this effect remains robust across various robustness checks. Mechanism analysis indicates that reduced information asymmetry plays a key mediating role. Heterogeneity tests further show that the positive effect is more pronounced in firms with high CEO ownership and abundant slack resources. Originality/value By uncovering the value of international experience in driving digital transformation, this study offers important policy implications. Specifically, it suggests that promoting global talent mobility and fostering internationally experienced leadership can support national strategies aimed at accelerating digital development. The findings provide both theoretical and practical insight into addressing the “cold start” challenge in China’s digital development.