Business

CEO political connections and OFDI of Chinese firms under the Belt and Road Initiative

Y. Wang, S. Chen, et al.

This study by Yueqi Wang, Shouming Chen, and Peien Chen explores how CEO political connections bolster the outward foreign direct investment of Chinese firms amidst the Belt and Road Initiative. It reveals fascinating insights about the complexities of institutional environments and the role of state ownership as a substitute for political ties.

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Playback language: English

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Abstract

This study examines the impact of CEO political connections on outward foreign direct investment (OFDI) of Chinese firms under the Belt and Road Initiative (BRI). Using resource dependence theory and the resource-based view, the authors find that CEO political connections promote firm OFDI under BRI. However, this positive impact is weakened by a good institutional environment in both the home region and the host country. Central state ownership acts as a substitute for CEO political connections.

Publisher

Humanities and Social Sciences Communications

Published On

Sep 02, 2024

Authors

Yueqi Wang, Shouming Chen, Peien Chen

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