Crouchling Tiger, Hidden Dragon: On a State-stewardship View on Chinese Firms” Internationalization
We propose a state-stewardship view to explain China”s internationalization with a focus on outward foreign direct investment (OFDI).Central to our state-stewardship view-of OFDI are:(1) the state-firm-manager relationship,(2) the organizing principles of the state-oriented OFDI,(3) the unique incentive structures and enforcement mechanisms of the enterprise managers in conducting the state-oriented OFDI,and (4) the economic and political driving forces of the China”s OFDI.We test several hypotheses developed under the state-stewardship view-using a large sample of all non-financial companies listed in mainland China during 2001-2006 with detailed information on internationalization,corporate finance,ownership structure,managerial background and political connection.
State-stewardship View Outward Foreign Direct Investment Political Connection China
Hao Liang Bing Ren Sunny Li Sun
Tilburg University School of Business, Nankai University School of Management, University of Missouri Kansas City
国内会议
北京
英文
71-71
2012-08-07（万方平台首次上网日期，不代表论文的发表时间）