Is it possible to escape? Local protectionism and outward foreign direct investment by Chinese privately-owned enterprises

Is it possible to escape? Local protectionism and outward foreign direct investment by Chinese privately-owned enterprises

This study explores the impact of local protectionism on outward foreign direct investment (OFDI) and how firms respond to local protectionism in a transition economy. We find that local protectionism exerts a negative effect on the OFDI decisions of Chinese privately-owned enterprises (POEs). Howev...

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Veröffentlicht in:Asia Pacific journal of management 2021-12, Vol.38 (4), p.1499-1524
Hauptverfasser: Luo, Huiying, Liu, Xiaohui, Wu, Aiqi, Zhong, Xiaotong
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Sprache:eng
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Business and Management
Foreign investment
Management
Protectionism
Transition economies
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container_title Asia Pacific journal of management
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creator Luo, Huiying
Liu, Xiaohui
Wu, Aiqi
Zhong, Xiaotong
description This study explores the impact of local protectionism on outward foreign direct investment (OFDI) and how firms respond to local protectionism in a transition economy. We find that local protectionism exerts a negative effect on the OFDI decisions of Chinese privately-owned enterprises (POEs). However, this negative impact is weakened by POEs’ corporate philanthropy strategy, whereas corporate political activity reinforces such an impact. This research extends the lens of institutional escapism by highlighting local protectionism as a barrier to OFDI and provides new insights into how firms respond to the subnational environment by adopting various nonmarket strategies.
doi_str_mv 10.1007/s10490-019-09697-7
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subjects Business and Management
Foreign investment
Management
Protectionism
Transition economies
title Is it possible to escape? Local protectionism and outward foreign direct investment by Chinese privately-owned enterprises
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