BusinessHumanities and Social Sciences Communications

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.... show more

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Abstract

Since the Chinese government proposed the Belt and Road Initiative (BRI) in 2013, Chinese firms have been actively investing in participating countries. Drawing on resource dependence theory and the resource-based view, this study examines how CEO political connections affect outward foreign direct investment (OFDI) under BRI and explores boundary conditions. Using Chinese A-share listed firms, the results show that CEO political connections promote OFDI under BRI. However, good institutional environments in the home region and host country weaken this positive impact. Further, central state ownership substitutes for CEO political connections.

Publisher

Humanities and Social Sciences Communications

Published On

Sep 02, 2024

Authors

Yueqi Wang, Shouming Chen, Peien Chen

DOI

https://doi.org/10.1057/s41599-024-03666-2

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