Outward FDI and Innovation Performance of Chinese EMEs: The Role of Institutional Quality and Overseas Industrial Parks of Host Countries

Jiang, Yilin (2022) Outward FDI and Innovation Performance of Chinese EMEs: The Role of Institutional Quality and Overseas Industrial Parks of Host Countries. [Dissertation (University of Nottingham only)]

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Abstract

With a sample of 314 Chinese A-share listed emerging market enterprises (EMEs) over the period 2013-2018, and from the perspective of organizational learning theory, FDI theory, institutional theory, and industrial agglomeration theory, this dissertation examines the impact of Chinese EMEs' Outward Foreign Direct Investment (OFDI) on their innovation performance using a two-way fixed effects model (FE), the empirical results show that OFDI has a positive effect on the innovation performance of Chinese EMEs. This dissertation also tests the moderating role of institutional environment (institutional quality) of the host country and the overseas industrial parks in the relationship between Chinese EMEs' OFDI and innovation performance. The results suggest that both the factors of overall institutional quality and overseas industrial parks can strengthen the contribution of OFDI to the innovation performance of Chinese EMEs. In addition, this dissertation also explores whether the establishment of overseas industrial parks can further enhance the positive moderating role of institutional quality development in the host country in this process. Although the results support the existence of this relationship, further research is needed to make a re-verification. In summary, the findings of this dissertation enrich the research related to the role of host country business environment on the effect of Chinese EMEs' outward FDI on their innovation performance during the internationalization process.

Item Type: Dissertation (University of Nottingham only)
Depositing User: JIANG, Yilin
Date Deposited: 06 Jul 2023 12:27
Last Modified: 06 Jul 2023 12:27
URI: https://eprints.nottingham.ac.uk/id/eprint/70521

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