Digital media, control of corruption, and emerging multinational enterprise's FDI entry mode choice

被引：28
|
作者：
Li, Yi [1 ]
Zhang, Banruo [2 ]
Fan, Di [3 ]
Li, Zijie [2 ]
机构：
[1] Univ Sydney, Discipline Int Business, Business Sch, Sydney, NSW 2006, Australia
[2] Univ Int Business & Econ, Business Sch, Beijing 100029, Peoples R China
[3] Swinburne Univ Technol, Swinburne Business Sch, Dept Management & Mkt, Melbourne, Vic 3123, Australia
来源：
JOURNAL OF BUSINESS RESEARCH | 2021年 / 130卷
基金：
中国国家自然科学基金;
关键词：
Digital media; Control of corruption; Foreign direct investment; Entry mode choice; Emerging multinational enterprise (EMNE); FOREIGN DIRECT-INVESTMENT; TOP MANAGEMENT TEAM; MARKET MULTINATIONALS; GOVERNMENT OWNERSHIP; NATIONAL CULTURE; INTERNAL CONTROL; STATE OWNERSHIP; JOINT VENTURES; FIRMS; PERFORMANCE;
D O I：
10.1016/j.jbusres.2021.03.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The impact of freedom of digital media in host countries has been under-researched in the literature of the internationalization decisions of emerging multinational enterprises (EMNEs). Through integrating the stakeholder perspective with transaction cost economics, we examine the role of host-country digital media in influencing the foreign direct investment (FDI) entry mode choice of EMNEs and its boundary conditions associated with internal and external corruption-controlling efforts. Using a panel dataset of Chinese listed manufacturing firms' outward FDI between 2010 and 2016, our empirical analyses indicate that freedom of digital media in a host country has positive impact on an EMNE's wholly owned subsidiary choice as FDI entry mode. This main relationship is strengthened by EMNE transparent information disclosure and external control of corruption in the host country.
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页码：247 / 259
页数：13
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