期刊
JOURNAL OF WORLD BUSINESS
卷 53, 期 5, 页码 641-652出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jwb.2018.02.002
关键词
State-owned enterprise; Outward foreign direct investment; Coercive pressure; Normative support; Mimetic influence; Institutional theory; Subnational institutions
类别
资金
- Social Sciences and Humanities Research Council of Canada
- Canada Research Chair programs
- National Natural Science Foundation of China [71421002, 71502036]
- Jinan University Management School Funding Program [GY18013]
This study investigates the outward foreign direct investment (OFDI) of state-owned enterprises (SOEs) through the lens of the mechanism of institutional compatibility. Drawing on institutional theory, we argue that institutional compatibility (thus legitimacy) at home and institutional incompatibility (thus lack of legitimacy) abroad reduce SOEs' OFDI activities. However, we also argue that home-country subnational factors (coercive, normative, and mimetic forces) provide a potentially offsetting effect. Using a sample of publicly listed Chinese firms, we find that coercive and mimetic forces generated from home subnational institutions reduce the negative effect of state ownership on OFDI activity.
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