China's outward foreign direct investment in tourism

被引：35
|
作者：
Li, Xinjian [1 ]
Huang, Songshan [2 ]
Song, Changyao [3 ]
机构：
[1] Beijing Int Studies Univ, Sch Tourism Management, Beijing, Peoples R China
[2] Univ South Australia, Sch Management, Adelaide, SA 5000, Australia
[3] Peking Univ, Sch Govt, Beijing, Peoples R China
来源：
TOURISM MANAGEMENT | 2017年 / 59卷
关键词：
Outward foreign direct investment; Country choice; Tourism; China; MARKET ENTRY MODE; FIRMS; DETERMINANTS; CHOICE; TRADE; FDI;
D O I：
10.1016/j.tourman.2016.07.007
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
This study investigates the factors that influence China's outward foreign direct investment (OFDI) in tourism. Employing a panel dataset involving 21 host countries for 10 years (2004-2013), negative binomial regression modelling showed that Chinese outbound investment in tourism is, at least in part, determined by volume of tourism flows to host country, the scale of tourism in that country and the openness to inbound investment. Other variables such as trade relationships between donor and recipient country and measures of innovation were seemingly of little importance. The study indicates a divergence of Chinese firms' OFDI in tourism from its general OFDI country choice pattern and confirms that sector-specific factors may be playing a more significant part in China's OFDI in tourism. (C) 2016 Elsevier Ltd. All rights reserved.
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页码：1 / 6
页数：6
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