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Do Chinese SOEs and Private Companies Differ in Their Foreign Location Strategies?
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RSCAS_2012_27.pdf (302.61 KB)
2012/27
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1028-3625
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EUI RSCAS; 2012/27; Global Governance Programme-22; Global Economics
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AMIGHINI, Alessia, RABELLOTTI, Roberta, SANFILIPPO, Marco, Do Chinese SOEs and Private Companies Differ in Their Foreign Location Strategies?, EUI RSCAS, 2012/27, Global Governance Programme-22, Global Economics - https://hdl.handle.net/1814/22388
Abstract
We empirically analyze the host-country determinants of Chinese outbound foreign direct investments (ODI) in the period from 2003 to 2008, using disaggregated data by country and sector and distinguishing between State-owned enterprises (SOEs) and privately owned firms. Our results show that the pattern of Chinese ODI differs according to corporate ownership. Private firms are attracted by large markets and host-country strategic assets and are averse to economic and political risks when choosing investment locations abroad. Differently, state-owned enterprises follow the strategic needs of their home country and invest more in natural resource sectors, being largely indifferent to the political and economic conditions in the host countries.