The Determinants of Foreign Block Investment to China
Using a sample of 18 source countries from 2003 to 2007 we examine the scale of foreign blockholding in Chinese listed companies. Consistent with characteristics of source country as determinants of foreign blocks,we find that these factors have significant relation with foreign blocks. Innovation,familiarity and risk in home market drive foreign companies to invest overseas. Investor preference and governance standard confirm this profit-driven invest strategy reasonable. Our result suggests that foreign investors obtain profit and reduce investment risk by transferring their own competitive advantages to China.
foreign blockholding characteristics of source country overall-level of blocks holding
YE Dezhu CHEN Ying YANG Wei
Institute of Finance and School of Economics,Jinan University,Guangzhou,China,510632
国际会议
大连
英文
606-611
2011-06-30（万方平台首次上网日期，不代表论文的发表时间）