期刊
JOURNAL OF WORLD BUSINESS
卷 47, 期 1, 页码 64-72出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jwb.2010.10.021
关键词
Location choice; Firm heterogeneity; Chinese MNEs; Conditional logistic regression; Nested logistic regression
类别
Using data on 194 location choices in 32 countries for a decade, we investigated locational determinants of Chinese Multinational Enterprises (MNEs). We found that State-Owned MNEs, compared to their peers without controlling state equity, are less concerned about political risk of the host country, but more responsive to favorable exchange rate between Chinese RMB and the host currency. Strategic intent of Chinese MNEs affects their location choice in a way that manufacturing oriented investment, compared to trading subsidiaries, is more attracted to countries with large market size and more deterred by high cost structure of the host country. (C) 2010 Elsevier Inc. All rights reserved.
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