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

页数：14

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