ANALYSIS ON GEOGRAPHIC DISTRIBUTION OF CHINESE OUTWARD FOREIGN DIRECT INVESTMENT: A STUDY FROM IISTTITUTIONAL PERSPECTIVE
从制度理论分析中国对外直接投资的地理分布特征，发现制度约束和制度空白是投资集中于避税天堂的重要原因，而地理、文化、经济距离及政治风险对国企选址影响不大。
The character of geographic distribution of Chinese Outward Foreign Direct Investment(OFDI) can't be explained by traditional OFDI theory.First,the bulk of Chinese OFDI was concentrated in three tax havens.Second,both early and continued Chinese OFDI occurs in more advanced economies.Third,political risk of the host economy has no obvious influence on the inflow of Chinese OFDI.This paper analysis the character of geographic distribution of Chinese Outward Foreign Direct Investment from institutional theory.Institutional constraints and institutional voids are important reason of Chinese OFDI in tax havens;geographic distance,cultural distance,economic distance and political risk were not important factor that have influenced state owned enterprises' OFDI location selection;non market capabilities supported Chinese enterprise ' OFDI in countries of high political risk.