The Guanghua School of Management

Peking University

Department of Strategic Management

You are cordially invited to the following seminar hosted by the Department of Strategic Management (seminar 2009-2010 (07)) at the Guanghua School of Management.

Topic: ANTECEDENTS OF OUTWARD FDI IN EMERGING ECONOMIES: THE ROLE OF GOVERNMENT INVOLVEMENT

Venue: Room 109, The New Building of GSM, PKU

Time: 10:00 am -12:00 pm, April 28th, 2010 (Wednesday)

Speaker: Junjie Hong, Professor at the School of International Trade and Economics, University of International Business and Economics (UIBE)

Should you have any enquiries, please contact Ms. Xuan Wang of the Strategy Department:xuanw@gsm.pku.edu.cn.

ANTECEDENTS OF OUTWARD FDI IN EMERGING ECONOMIES: THE ROLE OF GOVERNMENT INVOLVEMENT

Coauthored with Chengqi Wang, Mario Kafouros, and Mike Wright

Abstract:

Integrating theoretical insights from institution and resource-based views of the firm, we examine how emerging-market firms exploit home-country institutional advantages to overcome resource constraints and succeed in expanding their operations abroad. In contrast to prior research, we examine the extent to which variations in government involvement impacts the ability of firms to conduct FDI. Using a large firm-level dataset of Chinese companies, we provide evidence that government involvement has a direct effect on international expansion and also drives international expansion indirectly by enabling firms to deploy resources more efficiently. Hence, instead of simply viewing outward FDI as the result of advantageous resource positions, this approach emphasizes the role of government involvement and how this interacts with internal resources to shape internationalization outcomes.

Dr. HONG Junjie is a Professor at the School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China. He is also an adjunct professor at the School of Business, UIBE. Dr. Hong obtained his PhD degree from the National University of Singapore. His research interests are in the areas of FDI and multinational enterprises, Industrial agglomeration, and Transport Logistics. He has published more than 10 papers in international refereed journals, including Regional Studies, Service Industries Journal, and China Economic Review.