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State ownership and Chinese private firms’ OFDI in developed economies

Author

Listed:
  • Xie, En
  • Li, Fanshu
  • Wu, Zhan
  • Kumar, Vikas

Abstract

The study applies multiple logics based on institutional theory to explain how state ownership influences Chinese firms’ outward foreign direct investment (OFDI). A sample of Chinese listed private firms is used to understand which logic dominates the relationship between Chinese private firms’ state ownership and their OFDI in developed economies (OFDI-in-DE). We find that state ownership depresses Chinese private firms’ OFDI-in-DE, supporting the institution-(in)compatible logic, and that government subsidies weaken this negative effect, while negative media coverage of these firms strengthens it. The findings imply that the institution-incompatible logic dominates the influence of state ownership on Chinese private firms’ OFDI-in-DE.

Suggested Citation

  • Xie, En & Li, Fanshu & Wu, Zhan & Kumar, Vikas, 2024. "State ownership and Chinese private firms’ OFDI in developed economies," Journal of World Business, Elsevier, vol. 59(3).
    • Handle: RePEc:eee:worbus:v:59:y:2024:i:3:s109095162400018x
    DOI: 10.1016/j.jwb.2024.101534
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