China's outward foreign direct investment: Location choice and firm ownership

Bala Ramasamy (First Author), Sylvie Laforet (Participant Author), Matthew Yeung (Participant Author)

Research output: Contribution to journalJournal

342 Citations (Web of Science)


This article evaluates the international location decisions made by public listed Chinese firms during the period 2006-2008, using a Poisson count data regression model. Further, we categorize the firms into state-controlled and privately owned according to majority ownership. We find that the determinants of internationalization differ based on ownership. State-controlled firms are attracted to countries with large sources of natural Resources and risky political environments. Private firms are more market seekers. Although all firms have strategic intent, the attraction is commercially viable technology rather than core research content. Our findings also show that existing theories can sufficiently explain the actions of private Chinese firms, but adjustments are needed to understand the behavior of state-controlled multinationals.
Original languageEnglish
Pages (from-to)17-25
JournalJournal of World Business
Issue number1
Publication statusPublished - 2012

Corresponding author email


  • China
  • Chinese firms
  • Firm ownership
  • Locational determinants
  • Outward FDI

Indexed by

  • ABDC-A
  • Scopus
  • SSCI


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