Risks and Firms' Decision Making on Outward Foreign Direct Investment: An Empirical Analysis of China's State-owned Enterprises

被引：4
|
作者：
Wang, Xiaosong [1 ]
Wu, Huan [2 ]
Li, Le [3 ]
机构：
[1] Renmin Univ China, Sch Econ, Beijing, Peoples R China
[2] China Export & Credit Insurance Corp, Postdoctoral Workstat, Beijing, Peoples R China
[3] China Bohai Bank, Tianjin, Peoples R China
来源：
CHINA & WORLD ECONOMY | 2022年 / 30卷 / 06期
基金：
中国国家自然科学基金;
关键词：
bilateral relations; OFDI; risks; SOEs; FDI;
D O I：
10.1111/cwe.12450
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study explored how the risks encountered by Chinese state-owned enterprises (SOEs) affected their decision-making on outward foreign direct investment (OFDI), using data regarding the relationship between the host countries and China. The following conclusions were drawn. Larger SOEs with fixed capital exhibited a higher probability of conducting OFDI and did so on a larger scale. Various risks in host countries significantly hindered the OFDI of Chinese SOEs. In pursuit of natural resources, Chinese SOEs chose to take risks. The amount of OFDI by SOEs was positively related to the political, economic, and geographical relations between China and the corresponding host country.
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页码：163 / 182
页数：20
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