JOURNAL OF ACCOUNTING AND FINANCE
Patterns and Determinants of China’s Outward Foreign Direct
Investment in 2008
Author(s): Michiko Miyamoto, Xin Lu, Yoshiaki Shimazaki
Citation: Michiko Miyamoto, Xin Lu, Yoshiaki Shimazaki, (2011) "Patterns and Determinants of China’s Outward Foreign Direct Investment in 2008" Vol. 11, Iss. 3, pp. 113 - 124
Article Type: Research paper
Publisher: North American Business Press
Abstract:
China’s outward FDI has been increasing fast, as the country’s policies over industrialization and national security change. This study empirically investigates the patterns and determinants of China’s outward FDI. The financial data of 230 Chinese enterprises with overseas subsidiaries in 2008 are analyzed using econometric models. The result indicates that the traditional driving factors of FDI do not appear to be much relevant, but the state ownership of the enterprises for FDI toward some regions of the world. Further, the FDI in the manufacturing industry is determined as a strategic one focusing on acquisition of advanced manufacturing
technology.