Imbalanced trade dependence and Chinese firms’ entry mode choices: the moderating effects of state ownership and marketization

IF 1.8 Q3 MANAGEMENT Nankai Business Review International Pub Date : 2023-01-05 DOI:10.1108/nbri-03-2022-0022
Qunyong Xie
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引用次数: 2

Abstract

Purpose Applying resource dependence theory (RDT), this research paper aims to examine the effect of imbalanced trade dependence (ITD) on entry mode choices and how state ownership and marketization each can moderate this effect. Design/methodology/approach Using data on 1,404 foreign projects made by 493 Chinese listed firms during the 2009–2015 period of time, this study applies logit regression to do the statistical analysis. Findings It finds that ITD positively affects the choice of wholly-owned subsidiaries. State ownership and marketization each can moderate this influence. Originality/value It develops the concept of ITD, applies it to examine entry mode choices and lets us better understand the substitutive or complementary relationship between governments and foreign firms as two sources of resources. It helps us better understand some competitive advantages of emerging market firms (EMFs) and the impacts of the state on EMFs’ outward FDI. It contributes to entry mode research by applying RDT to explain how ITD influences entry mode choices and how state ownership and marketization each can moderate this relationship.
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非均衡贸易依赖与中国企业进入方式选择:国有制和市场化的调节作用
目的应用资源依赖理论(RDT),研究不平衡贸易依赖对进入模式选择的影响,以及国家所有制和市场化如何调节这种影响。设计/方法/方法利用2009-2015年期间493家中国上市公司1404个外国项目的数据,采用logit回归进行统计分析。研究发现,ITD对全资子公司的选择有正向影响。国家所有制和市场化都可以缓和这种影响。独创性/价值它发展了ITD的概念,并将其应用于研究进入模式的选择,使我们更好地理解政府和外国企业作为两种资源来源之间的替代或互补关系。这有助于我们更好地了解新兴市场企业的一些竞争优势以及国家对新兴市场企业对外直接投资的影响。它通过应用RDT来解释ITD如何影响进入模式选择,以及国有制和市场化如何各自调节这种关系,为进入模式研究做出了贡献。
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来源期刊
CiteScore
2.30
自引率
3.60%
发文量
32
期刊介绍: Nankai Business Review International (NBRI) provides insights in to the adaptation of American and European management theory in China, the differences and exchanges between Chinese and western management styles, the relationship between Chinese enterprises’ management practice and social evolution and showcases the development and evolution of management theories based on Chinese cultural characteristics. The journal provides research of interest to managers and entrepreneurs worldwide with an interest in China as well as research associations and scholars focusing on Chinese problems in business and management.
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