Abstract:Taking A-share listed companies on GEM from 2010 to 2016 as samples, this paper empirically tests the impact of international diversification on the risk of stock price collapse and the moderating effect of CEO’s overseas experience.The study finds that there is a significant negative correlation between international diversification and the risk of stock price collapse, that is,with the implementation of the international diversification strategy of the listed companies on GEM, the risk of future collapse of the stock price will be lower, but the CEO’s overseas experience does not have a significant impact on the risk of stock price collapse. However, considering the moderating effect of CEO’s overseas experience,the effect of international diversification on the risk of stock price collapse is more obvious.This conclusion is still established after controlling the endogenous influence.