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高管团队的国际化逐渐成为公司治理的热点问题,探讨高管团队的国际化对企业社会责任履行和公司价值的影响,可以进一步了解国际化的高管团队的治理能力。通过手工收集2009—201 4年中国上市公司高管的国际化视野数据,实证研究了高管团队的国际化视野对企业社会责任履行、公司价值的影响,研究发现,高管团队的国际化视野显著促进了企业社会责任的履行,提升了公司价值,企业社会责任履行至少是高管团队的国际化视野与公司价值之间的一个中介渠道,经过一系列的敏感性测试后,上述结论依然成立。这一结果表明,高管团队的国际化视野具有强烈的治理效应。
The internationalization of senior management team has gradually become a hot issue of corporate governance. It explores the influence of internationalization of senior management team on the fulfillment of corporate social responsibility and corporate value, and can further understand the governance ability of international senior management team. Through the manual collection of international perspective data of executives of Chinese listed companies in 2009-2014, the paper empirically studies the impact of top management team’s international vision on the fulfillment of corporate social responsibility and company value, and finds that the international vision of top management team Significantly promoted the fulfillment of corporate social responsibility and raised the corporate value. The fulfillment of corporate social responsibility is at least an intermediary channel between the international vision of the top management team and the value of the company. After a series of sensitivity tests, the above conclusion still holds . This result shows that the executive team’s international vision has a strong governance effect.