Bank system reform and outward foreign direct investment of Chinese enterprises

Bank system reform and outward foreign direct investment of Chinese enterprises

Using a panel of Chinese domestic enterprises over the 2002-2008 period, we assess the effect of the state-owned commercial bank shareholding reform on the domestic enterprises' outward foreign direct investment (OFDI) decisions. We find that a modern market-oriented bank system significantly i...

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Veröffentlicht in:Applied economics letters 2019-10, Vol.26 (18), p.1511-1515
Hauptverfasser: Shao, Yuchen, Xiao, Chengrui
Format: Artikel
Sprache:eng
Schlagworte:
Bank shareholding reform
China
Companies
difference-in-differences
Economic analysis
Economic theory
Economics
Foreign investment
outward FDI
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Zusammenfassung:Using a panel of Chinese domestic enterprises over the 2002-2008 period, we assess the effect of the state-owned commercial bank shareholding reform on the domestic enterprises' outward foreign direct investment (OFDI) decisions. We find that a modern market-oriented bank system significantly increases the likelihood of OFDI, especially for the purpose of facilitating trade and services.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2019.1584357