THE DETERMINANTS OF OUTWARD FOREIGN DIRECT INVESTMENT STRATEGIES OF CHINESE ENERGY FIRMS

被引：5
|
作者：
Xu, Shiteng [1 ]
Gow, Jeff [2 ,3 ]
Chen, Youzhi [4 ]
Zhang, Yahua [2 ]
Huang, Zhibin [2 ]
机构：
[1] East China Normal Univ, Fac Econ & Management, Sch Econ, 500 Dongchuan Rd, Shanghai 200241, Peoples R China
[2] Univ Southern Queensland, Sch Commerce, Toowoomba, Qld, Australia
[3] Stellenbosch Univ, Dept Agr Econ, Stellenbosch, South Africa
[4] Adm Inst Minhang Dist Shanghai, 258 Shuying Rd, Shanghai 201100, Peoples R China
来源：
SINGAPORE ECONOMIC REVIEW | 2019年 / 64卷 / 04期
关键词：
Energy projects; investment motivations; location strategies; outward foreign direct investment; LOCATION CHOICE; FDI; MODEL; INDUSTRY; MOTIVES; AFRICA; FLOWS;
D O I：
10.1142/S0217590817450072
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the location strategies of Chinese energy firms over the period 2003-2013. The results confirm that market-seeking and resource-seeking are two significant motivations behind Chinese energy firms' outward foreign direct investment (OFDI). As expected, a higher level of the host country's energy resource reserves attracts more energy resource related projects and the host country's renewable energy output influences Chinese firms' renewable energy investment. However, for OFDI in energy resources, the political stability of the host country is not a significant factor while when investing in renewable energy, it is a significant consideration. Interestingly, for OFDI in energy resources, trade integration measured by the share of exports sold in the host country in China's total exports, is not statistically significant while for OFDI in renewable energy, trade integration affects the investment decision.
引用
收藏
页码：1019 / 1036
页数：18
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