Confucius Institute, Belt and Road Initiative, and Internationalization

被引：31

作者：

Wang, Hao ^{[1
,2
]}

Han, Yonghui ^{[3
]}

Fidrmuc, Jan ^{[4
,5
,6
,7
,8
,9
,10
]}

Wei, Dongming ^{[11
]}

机构：

[1] Shenzhen Univ, Sch Econ, Shenzhen 518060, Peoples R China

[2] Univ Coll London, Sch Slavon & East European Studies, Bloomsbury WC1H 0BW, England

[3] Guangdong Univ Foreign Studies, Guangdong Inst Int Strategies, Guangzhou 510420, Peoples R China

[4] Univ Lille, Lille Econ & Management LEM, F-59000 Lille, France

[5] PRIGO Univ, Havirov, France

[6] Govt Off Slovak Republ, Inst Strategy & Anal ISA, Bratislava, Slovakia

[7] CESifo Munich, Munich, Germany

[8] Rimini Ctr Econ Anal RCEA, Rimini, Italy

[9] Global Labor Org GLO, Essen, Germany

[10] Univ Lille, CNRS, IESEG Sch Management, UMR 9221,LEM Lille Econ Management, F-59000 Lille, France

[11] Jinan Univ, Inst Ind Econ, Guangzhou 510632, Peoples R China

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2021年 / 71卷

基金：

中国国家自然科学基金;

关键词：

Cultural institute; Institutions; Cultural distance; Belt and Road Initiative; Confucius Institute; Cross-border mergers and acquisitions;

D O I：

10.1016/j.iref.2020.09.011

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that Confucius Institute has had a positive effect on Chinese CMA in general and such an effect is stronger in Belt-Road countries, especially after the Belt and Road Initiative was launched in 2013. Our results suggest that the earlier the host country joins the Belt and Road Initiative, the stronger is the interactive effect of CI and Belt and Road Initiative. Moreover, we show that Confucius Classroom, a related program also positively affects the Chinese CMA in the context of Belt and Road Initiative. These findings are robust to controlling for the endogeneity of reverse causality and sample selection bias.

引用

页码：237 / 256

页数：20

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