Digital media, control of corruption, and emerging multinational enterprise’s FDI entry mode choice

Yi Li, Banruo Zhang, Di Fan and Zijie Li

Journal of Business Research, 2021, vol. 130, issue C, 247-259

Abstract: The impact of freedom of digital media in host countries has been under-researched in the literature of the internationalization decisions of emerging multinational enterprises (EMNEs). Through integrating the stakeholder perspective with transaction cost economics, we examine the role of host-country digital media in influencing the foreign direct investment (FDI) entry mode choice of EMNEs and its boundary conditions associated with internal and external corruption-controlling efforts. Using a panel dataset of Chinese listed manufacturing firms’ outward FDI between 2010 and 2016, our empirical analyses indicate that freedom of digital media in a host country has positive impact on an EMNE’s wholly owned subsidiary choice as FDI entry mode. This main relationship is strengthened by EMNE transparent information disclosure and external control of corruption in the host country.

Keywords: Digital media; Control of corruption; Foreign direct investment; Entry mode choice; Emerging multinational enterprise (EMNE) (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:130:y:2021:i:c:p:247-259

DOI: 10.1016/j.jbusres.2021.03.006

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