Abstract
This paper presents empirical evidence on how Chinese firms perceive and tackle risks associated with their overseas investments. Using a first-hand survey dataset of Chinese firms who invest abroad, we depict variations in (1) the levels of different types of perceived risk, and (2) the risk management approaches taken by these firms. These variations are assessed with respect to three prominent factors: firm ownership structure, investment motives, and the host country institutional quality. Our evidence uncovers a significant degree and pattern of heterogeneity in the strategic behaviour of Chinese investors in risky environments.
Original language | English |
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Pages (from-to) | 470-486 |
Number of pages | 17 |
Journal | Research in International Business and Finance |
Volume | 47 |
Early online date | 24 Sept 2018 |
DOIs | |
Publication status | Published - Jan 2019 |
Keywords
- Chinese overseas investment
- Risk management
- Ownership structure
- Investment motives
- Institutional quality