Political risk, cultural distance, and outward foreign direct investment: Empirical evidence from large Chinese firms

被引:172
|
作者
Quer, Diego [1 ]
Claver, Enrique [1 ]
Rienda, Laura [1 ]
机构
[1] Univ Alicante, Dept Management, E-03080 Alicante, Spain
关键词
Chinese multinationals; Political risk; Cultural distance; Outward FDI; ENTRY MODE CHOICE; INTERNATIONALIZATION; DETERMINANTS; ACQUISITIONS; INSTITUTIONS; TRANSACTION; OWNERSHIP; RESOURCES; LOCATION; STRATEGY;
D O I
10.1007/s10490-011-9247-7
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
The internationalization of Chinese enterprises is a subject that is receiving increasing attention in international business research. This paper analyzes the influence of political risk and cultural distance on the location patterns of large Chinese companies. Our results show some characteristics that differ from the conventional wisdom. A high political risk in the host country does not discourage Chinese multinationals. However, from a more conventional point of view, the presence of overseas Chinese in the host country is positively associated with Chinese outward foreign direct investment (FDI). In addition, firm size and the volume of Chinese exports to the host country have a positive influence.
引用
收藏
页码:1089 / 1104
页数:16
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