The Exceptional Performance of Chinese Outward Direct Investment Firms

Wei Tian () and Miaojie Yu ()
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Wei Tian: Peking University
Miaojie Yu: Liaoning University

Chapter Chapter 1 in Outward Foreign Direct Investment of Chinese Enterprises, 2022, pp 1-12 from Springer

Abstract: Abstract This chapter finds that Chinese manufacturing firms that engage in outward foreign direct investment (ODI) have better economic performance than non-ODI manufacturing firms. Overall, ODI firms are more productive and have higher pro fit ability than non -ODI firms. The sector analysis shows that the exceptional performance is significant for labor intensive industries. Finally, the ODI activity can raise the productivity of other firms in an industry. The larger the ODI within an industry, the higher the productivity of all firms in that industry. The chapter suggests that domestic firms set up their firm’s global strategy and reallocate the firm’s resources according to the changing investment environment, taking advantages of profit opportunities outside of domestic markets and invest abroad to get new markets and new technology.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-19-4719-3_1

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DOI: 10.1007/978-981-19-4719-3_1

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