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http://dx.doi.org/10.5392/JKCA.2022.22.02.514

Types and Structure of Chinese Companies Outward Foreign Direct Investment  

Heur, Heung-Ho (목원대학교 중국어중국통상학과)
Publication Information
The Journal of the Korea Contents Association / v.22, no.2, 2022 , pp. 514-528 More about this Journal
Abstract
This study attempted to understand the characteristics of foreign direct investment by Chinese companies from the perspective of Dunning's OLI paradigm. This development of OFDI by Chinese companies was influenced by the Chinese government's policy, internal factors of the Chinese economy, and the economic and institutional environment of the investment target country. The characteristic of Chinese companies' OFDI is that investment in developed countries is gradually increasing amid regional concentration in Asia. And the proportion of tertiary industries is high, In the meantime, the structure of the secondary industry is changing. In addition, Chinese companies are gradually expanding and showing characteristics by considering the economic and political factors of the investment target country in the selection of overseas investment areas, and then selecting areas with little cultural difference from China's system. This characteristic of OFDI by Chinese companies is basically evaluated to be in line with the OLI paradigm of Dunning. However, the difference is that Chinese companies' OFDI not only advances in overseas investment using the strengths of companies, but also advances in investment to compensate for their shortcomings.
Keywords
Chinese Economic; Chinese Companies; Outward Foreign Direct Investment(OFDI); Greenfield Investment; M&A;
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