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China's outward foreign direct investment: Location choice and firm ownership

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Abstract

This article evaluates the international location decisions made by public listed Chinese firms during the period 2006-2008, using a Poisson count data regression model. Further, we categorize the firms into state-controlled and privately owned according to majority ownership. We find that the determinants of internationalization differ based on ownership. State-controlled firms are attracted to countries with large sources of natural Resources and risky political environments. Private firms are more market seekers. Although all firms have strategic intent, the attraction is commercially viable technology rather than core research content. Our findings also show that existing theories can sufficiently explain the actions of private Chinese firms, but adjustments are needed to understand the behavior of state-controlled multinationals. 

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[Ramasamy, Bala] China Europe Int Business Sch, Shanghai, Peoples R China

[Yeung, Matthew]Open Univ Hong Kong, Lee Shau Kee Sch Business & Adm, Kowloon, Hong Kong, Peoples R China

[Laforet, Sylvie] Univ Sheffield, Sch Management, Sheffield S1 4DT, S Yorkshire, England


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Source

Journal of World Business

ISSN:1090-9516

Year:2012

Issue:1

Volume:47

Page:17-25

Powered by JCR@2012

ESI Discipline:ECONOMICS & BUSINESS;

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