Expanding near the home base or venture far? The influence of home country state on the economic distance of foreign direct investments

被引：15
|
作者：
Cui, Lin [1 ]
He, Xiaoming [2 ]
机构：
[1] Australian Natl Univ, Res Sch Management, Canberra, ACT 0200, Australia
[2] Beijing Jiaotong Univ, Dept Management, Sch Econ & Management, Beijing 100044, Peoples R China
来源：
JOURNAL OF BUSINESS RESEARCH | 2017年 / 75卷
基金：
中国国家自然科学基金;
关键词：
Foreign direct investment; Comparative institutionalism; State power; Governance quality; State ownership; Economic distance; INSTITUTION-BASED VIEW; INTERNATIONALIZATION PROCESS; CORPORATE GOVERNANCE; EMERGING ECONOMY; BUSINESS SYSTEMS; ENTRY STRATEGIES; MANAGERIAL TIES; OWNERSHIP; PERFORMANCE; FIRMS;
D O I：
10.1016/j.jbusres.2017.02.011
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The extent of the economic distance between a firm's home origin and its foreign direct investment (FDI) is an important strategic decision for the investing firm. This study fills an important knowledge gap by investigating the home institutional antecedents of FDI economic distance. Drawing insights from comparative institutionalism, we argue that home-country states vary in both their power to coordinate the economy and the external and internal channels through which they exercise that power. These variations have implications on a firm's motivation and capability to escape external dependencies on the home-country state by investing in economically distant foreign locations. Empirically, using a dataset of 891 new international entrants from 2004 to 2011, we found support for our hypotheses that home-country state power is positively associated with FDI economic distance, and that the influence of the home-country state is contingent on the state's governance quality and its ownership in firms. (C) 2017 Elsevier Inc. All rights reserved.
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页码：95 / 107
页数：13
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