IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v33y2021i4p379-401.html
   My bibliography  Save this article

The Belt and Road Initiative, Asian infrastructure investment bank, and the role of enterprise heterogeneity in China’s outward foreign direct investment

Author

Listed:
  • Jinjing Zhao
  • Jongchul Lee

Abstract

This study analyses Chinese enterprises’ outward foreign direct investment (OFDI) from the perspectives of the Belt and Road Initiative (BRI) and home-country enterprise heterogeneity. It analyses the roles of BRI and the Asian Infrastructure Investment Bank (AIIB) in China’s OFDI using enterprise-level data for 2008–2017 from China Global Investment Tracker on Chinese enterprises’ OFDI in 128 countries. The results show that the roles of the BRI or AIIB in Chinese enterprises’ OFDI varies based on the ownership system of home country enterprises. BRI significantly affected the OFDI of central state-owned enterprises (SOEs) representing the national strategy, but not that of private enterprises. Interestingly, BRI implementation did not promote local SOEs’ OFDI significantly. Since local SOEs drive the local economy and obtain profits, they act similarly to private enterprises in investment selection.

Suggested Citation

  • Jinjing Zhao & Jongchul Lee, 2021. "The Belt and Road Initiative, Asian infrastructure investment bank, and the role of enterprise heterogeneity in China’s outward foreign direct investment," Post-Communist Economies, Taylor & Francis Journals, vol. 33(4), pages 379-401, May.
    • Handle: RePEc:taf:pocoec:v:33:y:2021:i:4:p:379-401
    DOI: 10.1080/14631377.2020.1745560
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14631377.2020.1745560
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14631377.2020.1745560?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Qing Xie & Hua Yin, 2023. "Institutional Differences and the Choice of Outward Foreign Direct Investment Mode under the “Belt and Road” Initiative: Experience Analysis Based on China’s Manufacturing Enterprises," Sustainability, MDPI, vol. 15(9), pages 1-26, April.
    2. Xuejun Wang & Rongrong Cui & Xi Tian & Jiarong Qian, 2023. "The Belt and Road initiative and food consumption in countries along the route," Agribusiness, John Wiley & Sons, Ltd., vol. 39(S1), pages 1624-1646, December.
    3. Yanfeng Liu & Miao Su & Jinjing Zhao & Sally Martin & Kum Fai Yuen & Choong-Bae Lee, 2023. "The determinants of China’s outward foreign direct investment: a vector error correction model analysis of coastal and landlocked countries," Economic Change and Restructuring, Springer, vol. 56(1), pages 29-56, February.
    4. Yanfeng Liu & Xue Li & Xiaonan Zhu & Min-Kyu Lee & Po-Lin Lai, 2023. "The theoretical systems of OFDI location determinants in global north and global south economies," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    5. Senchang Hu & Yunhong Wang & Wenzhe Tang, 2023. "Factors Influencing International Infrastructure Investment: An Empirical Study from Chinese Investors," Sustainability, MDPI, vol. 15(14), pages 1-15, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:pocoec:v:33:y:2021:i:4:p:379-401. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.