External finance and the foreign direct investment decision: evidence from privately owned enterprises in China
Duanmu, J-L
Date: 14 January 2015
Article
Journal
International Journal of the Economics of Business
Publisher
Taylor & Francis
Publisher DOI
Abstract
Using privately-owned-enterprises (POEs) data in China, we find that access to external finance is a statistically significant factor explaining their probability of undertaking foreign direct investment (FDI). The significance of external finance is magnified in industries featured by high external finance dependence, high technology, ...
Using privately-owned-enterprises (POEs) data in China, we find that access to external finance is a statistically significant factor explaining their probability of undertaking foreign direct investment (FDI). The significance of external finance is magnified in industries featured by high external finance dependence, high technology, low tangibility, and high inventory. The external finance and FDI linkage is weakerfor POEs with group affiliation, but stronger for those employing generous employment welfare practices.
Management
Faculty of Environment, Science and Economy
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