Motives for Outward FDI of Chinese Private Firms Firm Resources, Industry Dynamics, and Government Policies
基于调查数据，研究企业资源、行业动态和政府政策如何影响中国民营企业对外直接投资的动机，发现政府政策对战略资产寻求和市场寻求型投资均有促进作用。
Using recent survey data, this study examines the impact of firm resources, industry dynamics, and government policies on the outward foreign direct investment (FDI) motives of Chinese firms, based on the integrated ‘strategy tripod’ framework. The results suggest that supportive government policies are important motivators for both strategic asset-seeking and market-seeking outward FDI. Firms' technology-based competitive advantages and a high level of industry research and development (R&D) intensity tend to motivate strategic asset-seeking outward FDI, whereas firm's export experience and higher level of domestic industry competition tend to induce market-seeking outward FDI.