Does state ownership facilitate outward FDI of Chinese SOEs? Institutional development, market competition, and the logic of interdependence between governments and SOEs

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• 作者：Yuanyuan Huang ^{hyy@stu.xjtu.edu.cn}Author Vitae ; En Xie ; ^{xieen@mail.xjtu.edu.cn}Author Vitae ; Yu Li ^{yurbb01@stu.xjtu.edu.cn}Author Vitae ; K.S. Reddy ^{srinivasareddy@mail.xjtu.edu.cn}Author Vitae
• 关键词：Outward FDI ; State ownership ; Institutional development ; Market competition ; China
• 刊名：International Business Review
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：26
• 期：1
• 页码：176-188
• 全文大小：732 K
• 卷排序：26

文摘

Drawing on resource dependence theory, this study reveals the dark-side effects of state ownership on manufacturing SOEs’ OFDI from EE. A high percentage of state-owned shares is negatively associated to EE manufacturing SOEs’ OFDI. Relative to local manufacturing SOEs, central manufacturing SOEs in EE are less likely to engage in OFDI. Institutional development and market competition weaken the negative relationship between the percentage of state-owned shares and SOEs’ OFDI, in both independent and joint patterns.