How emerging market governments promote outward FDI: Experience from China
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Additional excerpts
...The surge of Chinese outward FDI has attracted academic attention to investigate the characteristics of Chinese firms and their institutional environments that shape firms’ internationalization strategies (Child & Rodrigues, 2005; Deng, 2009; Luo et al., 2010; Rui & Yip, 2008)....
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...Government support can grant firms resource advantages in overseas investment to compensate for their lack of firm-specific advantages (Luo et al., 2010; Rugman & Li, 2007)....
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...Like many other emerging economy governments, the Chinese government exerts regulatory restrictions on outward FDI to safeguard state assets, to prevent capital flight, and to direct outward FDI in line with national interests (Cui & Jiang, 2010; Deng, 2004; Luo et al., 2010)....
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...Reflecting the three main types of government support identified by Luo et al. (2010), this variable was measured by three items (a¼0.82) related to the levels of government financial, information, and diplomatic supports received by a firm for its outward FDI....
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...Such regulatory restrictions are implemented through an administrative system in which the Ministry of Commerce is authorized as the primary government organization responsible for the approval and administration of the outward FDIs of firms (Deng, 2004; Luo et al., 2010)....
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References
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