American Economic Stakeholder Sentiments towards Chinese Firms’ Innovation Capability: The Role of State Political Environment and Firm Ownership

Zhi Tang and Yang Yu ()
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Zhi Tang: Management Department, Rochester Institute of Technology, Rochester, NY 14623, USA
Yang Yu: Department of Information Management, Beijing Jiaotong University, Beijing 100044, China

Sustainability, 2023, vol. 15, issue 18, 1-22

Abstract: Outward foreign direct investments from innovative Chinese firms pose challenges to American stakeholders regarding how to balance economic gains and nationalistic sentiment. Relying on the stakeholder management framework, we analyze the dual nature of American economic stakeholders’ sentiments towards innovative Chinese firms. Both positive and negative sentiments increase as Chinese companies’ innovative capability improves. While stakeholders in conservative-leaning states may temper their positive sentiment, their negative sentiment is mainly directed at Chinese state-owned companies. Our findings help to gain particular insight into the complex nature of stakeholder sentiment, a key element shaping multinational companies’ operating environment.

Keywords: Chinese innovative firms; OFDIs; stakeholder sentiment; political environment; ownership (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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