Revisiting the OLI Paradigm: The Institutions, the State, and China’s OFDI
نویسندگان
چکیده
We propose a modified theoretical framework based on John Dunning’s classical OLI paradigm in the international business literature to analyze Chinese firms’ fast-growing and aggressive outward foreign direct investment (OFDI). In particular, from an institutional perspective, we suggest a “state-stewardship” view to incorporate state institutions into the OLI paradigm. This paper supplements our earlier work (Ren, Liang, and Zheng, 2011) on identifying the formal institutional determinants of Chinese firms’ OFDI motivations and strategies, by further looking at the impact of direct and indirect policies, and the OFDI statecontrolled financial intermediaries. Under our modified OLI framework we also examine the potential concerns on China’s state-backed OFDI and its implication on long-term sustainability. JEL-Code: F230, H810, M480.
منابع مشابه
The Contribution of China’s Outward Foreign Direct Investment (OFDI) to the Reduction of Global CO2 Emissions
Under economic globalization, with the intensification of China’s reform and opening up, China’s outward foreign direct investment (OFDI) has continuously gained momentum, but CO2 emissions caused by the OFDI have not been given due attention. As one China is of the world’s leading CO2 emitters, it is necessary to conduct thorough research into the CO2 emission problem caused by China’s OFDI. T...
متن کاملReflections on the Structure of China's Outward Foreign Direct Investmen
Since 21st century, China’s outward foreign direct investment (OFDI) has entered into a stage of fast development. The flow of China’s OFDI kept an increasing momentum and created new records continually even under the circumstances of more complicated external environment and slowdown pace of global economic recovery. As the rapid development of foreign direct investment (FDI), there still exi...
متن کاملEvaluating and revisiting the public government: a policy feedback perspective
Existing models of quality evaluation in public sector are mainly derived from the approaches within private sector. These models which represented by the New Public Management (NPM) paradigm, don&rsquot reflect the fundamental values of public administration, which are the very essence of the discipline and contrasting it from private sector. These core values, such as democratic citizenship, ...
متن کاملRevisiting Beta 2 Glycoprotein I, the Major Autoantigen in the Antiphospholipid Syndrome
Beta 2 glycoprotein I (β2GPI) is a single chain 50 kDa highly glycosylated glycoprotein at an approximate concentration of 4 μM in cells. The abundance of this protein in plasma and its high state of preservation indicate the important role of this protein in mammalian. In addition, β2GPI has a particular structure in the fifth domain, and is categorized as the major antigen recognized by autoa...
متن کاملInternationalization of Firms from Emerging Economies: Theory, Evidence and Policy
India and China have emerged as an important source of outward foreign direct investment (OFDI) in the global economy. The increasing presence of their enterprises in the advanced countries has posed a challenge both to theory of internationalization of firms and public policy alike to explain why this has happened. In this paper, an attempt is made to examine, in comparative framework, the tre...
متن کامل