Drivers of China's outward foreign direct investment: a comprehensive panel data analysis

被引：2

作者：

Tong, Tong ^{[1
]}

Singh, Tarlok ^{[1
]}

Li, Bin ^{[1
]}

Liu, Lewis ^{[2
]}

机构：

[1] Griffith Univ, Dept AFE, Brisbane, Australia

[2] Univ Queensland, Dept AFE, St Lucia Campus, St Lucia, Australia

来源：

PACIFIC ACCOUNTING REVIEW | 2023年 / 35卷 / 04期

关键词：

China; Outward FDI; Motivations; Economic growth; Market seeking; Natural resources; F2; F14; F21; ECONOMIC-GROWTH; INTERNATIONAL INVESTMENT; CORPORATE GOVERNANCE; DETERMINANTS; LOCATION; FDI; INSTITUTIONS; EXPORTS; TRADE; IMPACT;

D O I：

10.1108/PAR-08-2022-0131

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

PurposeThis paper aims to investigate the primary motivations for China's outward foreign direct investment (ODI) decisions. Design/methodology/approachUsing a panel data sample covering the period 2003-2012 and a comprehensive set of 176 host countries. FindingsThis study finds that market size, trade variables and natural resource variables are strongly related to the Chinese ODI stocks. This indicates that Chinese ODI decisions are driven by both market- and resource-seeking motives. The subperiod sample test results lend even stronger support to the market-seeking motive for ODI. Originality/valueThese results seem to emerge from the policy changes that were undertaken during the sample period. Consistent with subgroup tests, this study finds that the main purposes of China's ODI in the top 100 countries are natural resource explorations and production line replacements.

引用

页码：620 / 644

页数：25

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