State ownership and Chinese private firms' OFDI in developed economies

被引：3
|
作者：
Xie, En [1 ]
Li, Fanshu [1 ]
Wu, Zhan [2 ]
Kumar, Vikas [2 ]
机构：
[1] Tongji Univ, Adv Inst Business, Shanghai, Peoples R China
[2] Univ Sydney, Business Sch, Discipline Int Business, Sydney, Australia
来源：
JOURNAL OF WORLD BUSINESS | 2024年 / 59卷 / 03期
基金：
中国国家自然科学基金;
关键词：
State ownership; OFDI; Private firms; Institutional theory; China; Developed economies; FOREIGN DIRECT-INVESTMENT; OWNED ENTERPRISES; OUTWARD FDI; MULTINATIONAL-ENTERPRISES; POLITICAL EMBEDDEDNESS; GOVERNMENT SUBSIDIES; INSTITUTIONAL THEORY; EMERGING ECONOMY; BLACK-BOX; INTERNATIONALIZATION;
D O I：
10.1016/j.jwb.2024.101534
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study applies multiple logics based on institutional theory to explain how state ownership influences Chinese firms' outward foreign direct investment (OFDI). A sample of Chinese listed private firms is used to understand which logic dominates the relationship between Chinese private firms' state ownership and their OFDI in developed economies (OFDI-in-DE). We find that state ownership depresses Chinese private firms' OFDI-in-DE, supporting the institution-(in)compatible logic, and that government subsidies weaken this negative effect, while negative media coverage of these firms strengthens it. The findings imply that the institution-incompatible logic dominates the influence of state ownership on Chinese private firms' OFDI-in-DE.
引用
收藏
页数：14
相关论文
共 50 条
  • [1] Firm age and Chinese firms' OFDI in developing and developed countries: the moderating roles of industry munificence and state ownership
    Xie, Qunyong
    CHINESE MANAGEMENT STUDIES, 2023, 17 (06) : 1276 - 1301
  • [2] Political institutional imprinting and Chinese private enterprises' initial ownership strategies in OFDI
    Ma, Meiting
    Wu, Xiaojie
    Wang, Xiuqiong
    CHINESE MANAGEMENT STUDIES, 2024, 18 (06) : 1918 - 1944
  • [3] Ownership structure and the private benefits of control: an analysis of Chinese firms
    He Weifeng
    Zhang Zhaoguo
    Zhu Shasha
    CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2008, 8 (03): : 286 - +
  • [4] OFDI Impact on Private Investment in the Gulf Economies
    Shah, Syed Hasanat
    Ameer, Waqar
    Delpachitra, Sarath
    SUSTAINABILITY, 2020, 12 (11)
  • [5] COMPARISON OF EFFICIENCY OF STATE AND PRIVATE INDUSTRIAL CORPORATIONS IN DEVELOPED MARKET ECONOMIES
    HUBKOVA, K
    EKONOMICKY CASOPIS, 1990, 38 (11): : 974 - 980
  • [6] Ultimate ownership and firm performance: evidence from Chinese private listed firms
    Su, Kun
    Yang, Shu'e
    Yang, Bei
    INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT, 2010, 5 (03) : 182 - 191
  • [7] Institutional Ownership and Private Equity Placements: Evidence from Chinese Listed Firms
    He, Qing
    Li, Dongxu
    Lu, Liping
    Chong, Terence Tai Leung
    INTERNATIONAL REVIEW OF FINANCE, 2019, 19 (02) : 315 - 346
  • [8] Chinese Private Firms and Internationalization Effects of Family Involvement in Management and Family Ownership
    Liang, Xiaoya
    Wang, Lihua
    Cui, Zhiyu
    FAMILY BUSINESS REVIEW, 2014, 27 (02) : 126 - 141
  • [9] Diversification Strategy, Ownership Structure, and Financial Crisis: Performance of Chinese Private Firms
    Shen, Na
    Au, Kevin
    Yi, Lan
    ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, 2018, 47 (01) : 54 - 80
  • [10] EXTENT AND PATTERN OF PUBLIC OWNERSHIP IN DEVELOPED ECONOMIES
    PRYOR, FL
    WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS, 1970, 104 (02): : 159 - 188
12345