Outward foreign direct investment by emerging market firms: A resource dependence logic
Publication in refereed journal


摘要This study examines and extends the resource dependence logic of diversification for a better understanding of outward foreign direct investment (OFDI) activities by emerging market firms. We contend that the diversification logic is bounded by state ownership, an important but less considered component of interdependence. Our empirical results, based on panel data analysis of Chinese listed firms, suggest that the level of interdependence between Chinese and foreign firms in China in multiple forms, including symbiotic, competitive, and partner interdependencies, is positively associated with the level of the Chinese firms' OFDI activities. However, Chinese firms with higher levels of state ownership are less susceptible to the pressures imposed by foreign firms to invest abroad. Copyright © 2013 John Wiley & Sons, Ltd. Copyright © 2013 John Wiley & Sons, Ltd.
著者Xia J., Ma X., Lu J.W., Yiu D.W.
期刊名稱Strategic Management Journal
詳細描述This paper was formally accepted on Sept. 24, 2012..\n\nTo ORKTS: This paper was formally accepted by Strategic Management Journal on Sept. 24, 2012
出版社John Wiley & Sons Inc.
出版地United States
頁次1343 - 1363
關鍵詞emerging market firm, interdependence, outward foreign direct investment, resource dependence theory, state ownership

上次更新時間 2020-28-07 於 23:59