State ownership and Chinese private firms' OFDI in developed economies

被引：6
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
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