Do Chinese state-owned and private enterprises differ in their internationalization strategies?

被引：155

作者：

Amighini, Alessia A. ^{[1
]}

Rabellotti, Roberta ^{[2
]}

Sanfilippo, Marco

机构：

[1] Univ Piemonte Orientale, Alessandria, Italy

[2] Univ Pavia, I-27100 Pavia, Italy

来源：

CHINA ECONOMIC REVIEW | 2013年 / 27卷

关键词：

China; Foreign direct investment; Internationalization; Corporate ownership; FOREIGN DIRECT-INVESTMENT; LOCATION CHOICE; OUTWARD; DETERMINANTS; DISADVANTAGES; ADVANTAGES; AFRICA; FIRMS; FDI;

D O I：

10.1016/j.chieco.2013.02.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We empirically analyze the host-country determinants of Chinese outward direct investments (ODI) in the period from 2003 to 2008, using disaggregated data by country and sector and distinguishing between state-owned or controlled enterprises (SOEs) and privately-owned firms. Our results show that the pattern of Chinese ODI differs according to corporate ownership. Private firms are attracted by large markets and host-country strategic assets and are averse to economic and political risks when choosing investment locations abroad. Differently, state-owned or controlled enterprises follow the strategic needs of their home country and invest more in natural resource sectors, being largely indifferent to the political and economic conditions in the host countries. (C) 2013 Elsevier Inc. All rights reserved.

引用

页码：312 / 325

页数：14

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