Foreign direct investment strategies by developing country multinationals: A diagnostic model for home country effects
研究母国条件如何影响发展中国家跨国公司的对外直接投资策略（规模、时机、地点），基于对中国153家公司的调查，发现母国经济增长、制度困难、竞争压力等因素显著影响其海外投资决策。
We explore how home country conditions affect outward foreign direct investment (OFDI) strategies (scale, timing, location) employed by developing country multinational corporations (DMNCs). Extending from the springboard and LLL (leverage, linkage, and learning) perspectives, we illustrate that DMNCs rely on their home base during their internalization process in a unique fashion compared with traditional multinationals due to their well‐established strengths at home and competitive weaknesses overseas. Our survey of 153 DMNCs from China shows that, beyond the host country impacts that have been widely studied, DMNCs' overseas investment strategies are influenced by home country environment parameters, including economic growth, perceived institutional hardship, competitive pressure, and by their home country operational characteristics, including inward internationalization, innovation orientation, and business development stage.