Why Do Chinese Private Enterprises Seek Outward Foreign Direct Investment?  

作　　者：Kui Wang Shuang Tao 

机构地区：[1]School of Economics,Huazhong University of Science and Technology,China

出　　处：《China & World Economy》2023年第4期200-218,共19页中国与世界经济（英文版）

摘　　要：China is currently in a period of economic transformation and the reform of the factor market still lags behind that of the product market.This study explores the reasons causing China's private enterprise to expand abroad from the perspective of domestic factor market imperfection.Using data for Chinese listed firms between 2002 and 2020,it examines whether outward foreign direct investment(OFDI)has been undertaken by private enterprises as a response to domestic factor market imperfection.It finds that private enterprises located in regions with greater factor market imperfection have had a greater tendency to engage in OFDI.This effect has been more pronounced among firms with high productivity or high innovation capability,and among medium and small private enterprises.

关 键 词：factor market imperfection input factor cost OFDI private enterprises 

分 类 号：F12[经济管理—世界经济]