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Perspectives on China's Outward Foreign Direct Investment

Journal of international business studies, 2008-04, Vol.39 (3), p.337-350 [Peer Reviewed Journal]

Copyright 2008 Academy of International Business ;Academy of International Business 2008 ;ISSN: 0047-2506 ;EISSN: 1478-6990 ;DOI: 10.1057/palgrave.jibs.8400366

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Title:
Perspectives on China's Outward Foreign Direct Investment
Author: Morck, Randall ; Yeung, Bernard ; Zhao, Minyuan
Subjects: Bank capital ; Bank loans ; Business and Management ; Business Strategy/Leadership ; Business structures ; China ; Corporate governance ; Corporations ; Dividends ; Financial investments ; Foreign direct investment ; Foreign investment ; GDP ; Gross Domestic Product ; Households ; Industrialized nations ; International Business ; International capital market ; International investment ; Investment analysis ; Investments abroad ; Location of industry ; Macroeconomics ; Management ; Multinational corporations ; Natural resources ; Oil companies ; Organization ; Perspective ; Profit margins ; Retained earnings ; Savings rates ; Shareholders ; Statistical analysis ; Studies ; Subsidiaries ; Tax havens
Is Part Of: Journal of international business studies, 2008-04, Vol.39 (3), p.337-350
Description: Recent economic data reveal that, at the infant stage, China's outward foreign direct investment (FDI) is biased towards tax havens and Southeast Asian countries and are mostly conducted by state-controlled enterprises with government sanctioned monopoly status. Further examination of China's savings rate, corporate ownership structures, and bank-dominated capital allocation suggests that, although a surge in China's outward FDI might be economically sensible, the most active players have incentives to conduct excessive outward FDI while capital constraints limit players that most likely have value-creating FDI opportunities. We then discuss plausible firm-level justifications for China's outward FDI, its importance, and promising avenues for further research.
Publisher: London: Palgrave Macmillan
Language: English
Identifier: ISSN: 0047-2506
EISSN: 1478-6990
DOI: 10.1057/palgrave.jibs.8400366
Source: RePEc
ProQuest Central

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Perspectives on China's Outward Foreign Direct Investment

Copyright 2008 Academy of International Business ;Academy of International Business 2008 ;ISSN: 0047-2506 ;EISSN: 1478-6990 ;DOI: 10.1057/palgrave.jibs.8400366

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