Department of Accounting and Finance
Permanent link for this collection
Browse
Browsing Department of Accounting and Finance by Subject "China"
Now showing 1 - 7 of 7
Results Per Page
Sort Options
Item Does China’s outward direct investment improve the institutional quality of the belt and road countries?(2020) Pan, Chunyang; Wei, William Xiaojun; Muralidharan, Etayankara; Liao, Jia; Andreosso-O'Callaghan, BernadetteThis article investigates the effects of China’s outward direct investment (ODI) on the institutional quality of the Belt and Road (B&R) countries. Based on a panel data set of 63 B&R countries during the period 2003 to 2016, we find that China’s ODI improves the institutional quality of B&R countries not only in the short run but also in the long run. Further, although China’s ODI exerts no differential impacts on host country institutional dimensions of “control of corruption,” “government effectiveness,” and “political stability” in countries with different natural resource endowments, it improves their institutional dimensions of “regulatory quality” and “rule of law,” implying that China’s ODI may help the host B&R countries minimize the “resource curse”. As one of the most important strategies for China’s opening-up development in the current era, the B&R initiative serves as means to promote sustainable development of B&R countries. The article therefore contributes to existing scholarship on the institutional effects of China’s ODI and sheds light on the mechanisms that drive sustainable development.Item How does home government influence the internationalization of emerging market firms? The mediating role of strategic intents to internationalize(2019) Angulo-Ruiz, Fernando; Pergelova, Albena; Wei, William XiaojunThe purpose of this paper is to focus on the differential impact of government promotional measures and government ownership on two internationalization variables: location and speed of internationalization of emerging market multinationals (EMNEs). Central to the authors’ study is the mediating role of strategic intents to internationalize. In particular, we study how government impacts the resource-seeking, market-seeking and technology-seeking motives to internationalize. The empirical setting for the paper is Chinese companies that have internationalized via an equity based entry mode. The authors employ 672 firm responses collected by the Asia Pacific Foundation of Canada and the China Council for the Promotion of International Trade. The empirical results demonstrate that different home government measures have differential impact on internationalization outcomes. Government promotional measures (such as direct incentives and bilateral agreements to support internationalization) have only an indirect effect on international location and speed through the effect they have on the strategic motives to internationalize; while government ownership in the company has a direct impact on international location. The study highlights that home governments are shaping EMNEs strategic intent. Home government can influence EMNEs internationalization choices by providing resource flows through financial resources and state ownership or through asset-accumulation mechanisms via promotional measures .Policy makers in emerging markets need to develop policies focused on the specific motivations that firms have when internationalizing. EMNEs are suggested to take advantage of government policies more intentionally. The theoretical contribution centers on identifying important mediating mechanisms pointing to the interplay between government policies and international location and speed of firms. The authors contribute to the growing stream of research on internationalization of emerging market firms by building a sound theoretical model and examining empirically the role of home government in the internationalization of EMNEs.Item Managing political risks of Chinese contracted projects in Libya(2012) Zhang, Juan; Wei, William XiaojunThe contracted project is the basic form of SinoLibyan economic cooperation. The authors hope that Chinese constructors will learn from this case study. This article assesses the political risk for Chinese contracted projects at three levels and studies their countermeasures to this emergency and the effects of political risks on Chinese constructors in Libya. The research finds that Chinese constructors are not good at political risk management due to their traditional attitudes toward risk and the attitudes of the Chinese government toward overseas losses of Chinese state-owned enterprises (SOEs). However, Chinese SOEs are more experienced than private-owned enterprises in dealing with emergencies.Item MNCs' R&D talent management in China: aligning practices with strategies(2019) Wei, William Xiaojun; Li, Lydia Qianqian; Xin, Katherine; Pucik, VladoThis paper aims to propose practical recommendations in accordance with the strategic roles played by research and development (R&D) in multinational companies (MNCs).Item Modelling EU FDI deflection between the new EU member states and Chinese provinces(2008) Wei, William Xiaojun; Andreosso-O'Callaghan, BernadetteThe issue of regionalism and how it affects FDI allocation within and between regions has not yet been dealt with satisfactorily by the voluminous literature on FDI. The issue of FDI dispersion, or of how traditional recipients of FDI flows can be affected by rising competitive advantages in countries of the same region as well as in countries of other regions, has received little attention. This article introduces the concept of EU FDI deflection across regions and measures it for 14 chosen locations in the new EU member states and Chinese provinces against the background of the fifth EU enlargement.Item Strategic entry and determinants of Chinese private enterprises into Africa(2013) Zhang, Juan; Wei, William Xiaojun; Liu, ZuanshiThe authors discuss the strategic entry of Chinese private enterprises (PEs) into Africa by analyzing their characteristics of host distribution and overseas companies’ function and type. They find that Chinese PEs tend to invest in countries where Chinese investment has already concentrated, that more Chinese PEs engage in manufacturing and services than in agriculture and mining and quarrying, and that Chinese PEs take higher risks by choosing the type of subsidiary companies to enter Africa. They also make an empirical study of the determinants of Chinese PEs compared with state-owned enterprises in the period 2002–2011 and found Chinese PEs in Africa are driven mainly by the motivation of market-seeking, not by resource-seeking; China’s imports from the host country also facilitate Chinese companies’ investment in Africa; and Chinese companies in Africa are risk-takers. At the end of the article, they study the case of Touchroad and verify the results of their empirical study.Item Who is the real fan for luxury? Generational differences in China(2016) Shan, Juan; Jiang, Ling; Wei, William XiaojunWe investigated whether or not consumers' attitudes toward luxury brands differ between the young and older generations in China, and, if they do differ, how this manifests. In Study 1, data were collected from 210 participants. The results showed that Chinese consumers born after 1979 (young) value luxury brands more than do consumers born before 1979 (older). In Study 2, we conducted a survey with 623 consumers from the angle of perceived luxury value to investigate why such differences exist. The results showed that, for young Chinese consumers, luxury brands evoked a greater sense of perceived luxury value, that is, stronger self-identity, higher status, and more conspicuousness and hedonic value, than did non-luxury brands; the perceived luxury value related significantly to Chinese consumers' purchase intention for luxury brands.