Chinas anti-corruption campaign and outward foreign direct investment by state-owned enterprises
Qi Z. Kenderdine T. Tang T. Liu Q.
September 2022John Wiley and Sons Inc
World Economy
2022#45Issue 92950 - 2976 pp.
This paper explores political factors in the determination of Chinas State-Owned Enterprises (SOEs) outward foreign direct investment (OFDI). We examine Chinas anti-corruption campaign as a political intervention into economic decision making. Based on reliable data on China SOEs OFDI, we find that the anti-corruption campaign launched by the Chinese Communist Party in 2013 has had a negative influence on the growth of SOEs OFDI. Further statistical analysis suggests that the negative impact of the anti-corruption campaign on SOEs OFDI growth is greater when the anti-corruption effort is stronger, the SOE more monopolistic, and the institutional quality of the host state greater.
anti-corruption campaign , China , incentives and constraints , outward foreign direct investment , state-owned enterprises
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School of Economics and Statistics, Guangzhou University, Guangzhou, China
Crawford School of Public Policy, Australian National University, Canberra, ACT, Australia
Future Risk, Almaty, Kazakhstan
Southwestern University of Finance and Economics, Chengdu, China
School of Economics and Statistics
Crawford School of Public Policy
Future Risk
Southwestern University of Finance and Economics
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