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- Publisher Website: 10.1111/joms.13007
- Scopus: eid_2-s2.0-85173551683
- WOS: WOS:001072757700001
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Article: Home Political Connections and Outward FDI of Emerging Market Firms
| Title | Home Political Connections and Outward FDI of Emerging Market Firms |
|---|---|
| Authors | |
| Keywords | institution-based view outward foreign direct investment (OFDI) political connections pro-market reforms technological capability |
| Issue Date | 28-Sep-2023 |
| Publisher | Wiley |
| Citation | Journal of Management Studies, 2023 How to Cite? |
| Abstract | While political connections are a critical non-market strategy for emerging market firms (EMFs) to achieve success, how they affect EMFs’ outward foreign direct investment (OFDI) remains controversial. Building on the institution-based view, we examine how home-country political connections facilitate or impede EMFs’ OFDI. Using a panel dataset of listed private firms in China, we find that home political connections have an inverted U-shaped effect on firms’ OFDI level; the effect becomes flatter as pro-market reforms proceed in the home country, but becomes steeper for firms with strong technological capability. By revealing a nonlinear effect, our study helps reconcile inconsistencies regarding the role of home political connections in OFDI and has important implications for EMFs’ internationalization. |
| Persistent Identifier | http://hdl.handle.net/10722/337979 |
| ISSN | 2023 Impact Factor: 7.0 2023 SCImago Journal Rankings: 4.578 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Huang, Yuanyuan | - |
| dc.contributor.author | Zhou, Kevin Zheng | - |
| dc.contributor.author | Wu, Zhan | - |
| dc.contributor.author | Wang Jue | - |
| dc.date.accessioned | 2024-03-11T10:25:22Z | - |
| dc.date.available | 2024-03-11T10:25:22Z | - |
| dc.date.issued | 2023-09-28 | - |
| dc.identifier.citation | Journal of Management Studies, 2023 | - |
| dc.identifier.issn | 0022-2380 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/337979 | - |
| dc.description.abstract | <p>While political connections are a critical non-market strategy for emerging market firms (EMFs) to achieve success, how they affect EMFs’ outward foreign direct investment (OFDI) remains controversial. Building on the institution-based view, we examine how home-country political connections facilitate or impede EMFs’ OFDI. Using a panel dataset of listed private firms in China, we find that home political connections have an inverted U-shaped effect on firms’ OFDI level; the effect becomes flatter as pro-market reforms proceed in the home country, but becomes steeper for firms with strong technological capability. By revealing a nonlinear effect, our study helps reconcile inconsistencies regarding the role of home political connections in OFDI and has important implications for EMFs’ internationalization.</p> | - |
| dc.language | eng | - |
| dc.publisher | Wiley | - |
| dc.relation.ispartof | Journal of Management Studies | - |
| dc.subject | institution-based view | - |
| dc.subject | outward foreign direct investment (OFDI) | - |
| dc.subject | political connections | - |
| dc.subject | pro-market reforms | - |
| dc.subject | technological capability | - |
| dc.title | Home Political Connections and Outward FDI of Emerging Market Firms | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1111/joms.13007 | - |
| dc.identifier.scopus | eid_2-s2.0-85173551683 | - |
| dc.identifier.eissn | 1467-6486 | - |
| dc.identifier.isi | WOS:001072757700001 | - |
| dc.identifier.issnl | 0022-2380 | - |