IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v52y2023ics1544612322007528.html
   My bibliography  Save this article

Impact of Chinese financial development on OFDI reverse technology spillovers: Evidence from China

Author

Listed:
  • Huang, Xiaoli
  • Huang, Xiaohua

Abstract

This paper examines the impact of China's financial development on OFDI reverse technology spillovers. The results show that the financial efficiency of China plays a positive role in the overflow effect of OFDI reverse technology. In the subregion analysis, we find that there are significant differences in the impact of financial development on technological spillovers across regions. The financial scale and financial efficiency of the eastern region have significantly promoted the reverse technology spillovers, whereas the financial scale and financial efficiency in the central and western regions have inhibited the spillover effect.

Suggested Citation

  • Huang, Xiaoli & Huang, Xiaohua, 2023. "Impact of Chinese financial development on OFDI reverse technology spillovers: Evidence from China," Finance Research Letters, Elsevier, vol. 52(C).
    • Handle: RePEc:eee:finlet:v:52:y:2023:i:c:s1544612322007528
    DOI: 10.1016/j.frl.2022.103576
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612322007528
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2022.103576?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.

    References listed on IDEAS

    as
    1. Ren, Siyu & Hao, Yu & Wu, Haitao, 2022. "The role of outward foreign direct investment (OFDI) on green total factor energy efficiency: Does institutional quality matters? Evidence from China," Resources Policy, Elsevier, vol. 76(C).
    2. Jingwen Xia & Jaime Ortiz & Haibo Wang, 2016. "Reverse Technology Spillover Effects of Outward FDI to P.R. China: A Threshold Regression Analysis," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, vol. 62(1), pages 51-67.
    3. Dai, Lu & Zhang, Jiajun & Luo, Shougui, 2022. "Effective R&D capital and total factor productivity: Evidence using spatial panel data models," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    4. Pan, Xiongfeng & Chu, Junhui & Tian, Mengyuan & Li, Mengna, 2022. "Non-linear effects of outward foreign direct investment on total factor energy efficiency in China," Energy, Elsevier, vol. 239(PD).
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Cao, Qiang & Xu, Aiyan & Wang, Jiawen & Yu, Wenmei, 2024. "Influence of financial inclusion and industrial robots on the efficiency of China's OFDI: A heterogeneous spatial stochastic frontier analysis," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 996-1009.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jianlong Wang & Haitao Wu & Yong Liu & Weilong Wang, 2024. "Going out and bringing in: Exploring the impact of OFDI on green innovation performance under firms' digital transformation strategies," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2428-2442, June.
    2. Zhang, Wenyue & Sun, Chuanwang, 2024. "Do multinational enterprises’ overseas investment activities promote their green transition performance? Evidence from Chinese listed companies," Structural Change and Economic Dynamics, Elsevier, vol. 71(C), pages 594-608.
    3. Yu, Chenyang & Tan, Yuanfang & Zhou, Yu & Zang, Chuanxiang & Tu, Chenglin, 2022. "Can functional urban specialization improve industrial energy efficiency? Empirical evidence from China," Energy, Elsevier, vol. 261(PA).
    4. Imran Shah & Linyu He & Richard Hatfield & Mohamed Haroon, 2020. "Outward FDI: National and Regional Policy Implications for Technology Innovation," Department of Economics Working Papers 77/20, University of Bath, Department of Economics.
    5. Zebin Zheng & Wenjun Xiao & Ziye Cheng, 2023. "China’s Green Total Factor Energy Efficiency Assessment Based on Coordinated Reduction in Pollution and Carbon Emission: From the 11th to the 13th Five-Year Plan," Sustainability, MDPI, vol. 15(9), pages 1-20, April.
    6. Zhang, Hui & Zhou, Peng & Sun, Xiumei & Ni, Guanqun, 2024. "Disparities in energy efficiency and its determinants in Chinese cities: From the perspective of heterogeneity," Energy, Elsevier, vol. 289(C).
    7. Zhang, Zhaowen & Jiang, Yaohui, 2022. "Can green public procurement change energy efficiency? Evidence from a quasi-natural experiment in China," Energy Economics, Elsevier, vol. 113(C).
    8. Huang, Yan & Ma, Liang & Cao, Jason, 2023. "Exploring spatial heterogeneity in the high-speed rail impact on air quality," Journal of Transport Geography, Elsevier, vol. 106(C).
    9. Yutian Chen & Gong Chen & Wenhu Xu, 2025. "Analysis of the Impact of Outward Foreign Direct Investment of Corporations on Green Innovation in the Context of the Belt and Road Initiative," Sustainability, MDPI, vol. 17(9), pages 1-33, April.
    10. Lin, Boqiang & Xie, Yongjing, 2024. "The role of venture capital in determining the total factor productivity of renewable energy enterprises: In the context of government subsidy reduction," Energy Economics, Elsevier, vol. 132(C).
    11. Haikuo Zhang & Chaobo Zhou, 2023. "Construction of the Pilot Free Trade Zone and Chinese Green Total Factor Energy Efficiency," Sustainability, MDPI, vol. 15(12), pages 1-13, June.
    12. Du, Weijian & Li, Mengjie, 2023. "Opening the black box of environmental governance: Environmental target constraints and industrial firm pollution reduction," Energy, Elsevier, vol. 283(C).
    13. 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.
    14. Tong Sheng & Bingquan Fang & Xiaoqian Lu & Xingheng Shi & Chaohai Shen & Xiaolan Zhou, 2022. "The Relationship between Corporate Social Responsibility, Global Investment, and Equity Incentives," Sustainability, MDPI, vol. 14(23), pages 1-27, December.
    15. Justice Gyimah & Ujunwa Angela Nwigwe & Deborah Rubuye Safi & Erica Odwira Opoku & Xilong Yao, 2023. "Achieving carbon neutrality in West Africa: The impact of financial development and good governance," PLOS ONE, Public Library of Science, vol. 18(10), pages 1-15, October.
    16. Peng, Hui & Lu, Yaobin & Wang, Qunwei, 2023. "How does heterogeneous industrial agglomeration affect the total factor energy efficiency of China's digital economy," Energy, Elsevier, vol. 268(C).
    17. Sun, Yuhuan & Li, Hui & Zhu, Bingcheng, 2024. "Factor market distortion, total factor energy efficiency and energy shadow price: A case of Chinese manufacturing industry," Energy, Elsevier, vol. 307(C).
    18. Zhao, Yueyang & Mao, Jinzhou, 2022. "Energy effects of non-energy policies: Minimum wage standard and enterprise energy efficiency in China," Resources Policy, Elsevier, vol. 79(C).
    19. Qiangyi Li & Lan Yang & Shuang Huang & Yangqing Liu & Chenyang Guo, 2023. "The Effects of Urban Sprawl on Electricity Consumption: Empirical Evidence from 283 Prefecture-Level Cities in China," Land, MDPI, vol. 12(8), pages 1-27, August.
    20. Jun Wan & Chenggang Li & Zhangting Yang & Liang Wu & Mu Yue, 2025. "Dynamic spatial spillover effects of financial agglomeration on CO2 emissions: the case of China," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-13, December.

    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:eee:finlet:v:52:y:2023:i:c:s1544612322007528. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    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.