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CEO career horizon and corporate bribery: a strategic relationship perspective

Author

Listed:
  • Jiasi Fan

    (University of International Business and Economics)

  • Zhexiong Tao

    (University of International Business and Economics)

  • Jana Oehmichen

    (University of Mainz
    University of Groningen)

  • Hans Ees

    (University of Groningen)

Abstract

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.

Suggested Citation

  • Jiasi Fan & Zhexiong Tao & Jana Oehmichen & Hans Ees, 2024. "CEO career horizon and corporate bribery: a strategic relationship perspective," Asia Pacific Journal of Management, Springer, vol. 41(2), pages 701-717, June.
    • Handle: RePEc:kap:asiapa:v:41:y:2024:i:2:d:10.1007_s10490-022-09868-z
    DOI: 10.1007/s10490-022-09868-z
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