Taking multinational firms operating in China as objects of research,this paper has discovered through empirical study that economic institutional distance and cultural institutional distance have negative effects on ...Taking multinational firms operating in China as objects of research,this paper has discovered through empirical study that economic institutional distance and cultural institutional distance have negative effects on the corporate social responsibility(CSR) performance of multinational firms in a host country;when the legal system of home country is far better than that of host country,legal institutional distance has a positive effect on the CSR performance of multinational firms in the host country;entry mode has negative adjustment effect on the relationship of legal institutional distance and cultural institutional distance with the CSR performance of multinational firms in a host country;business experience of multinational firms in a host country has a negative adjustment effect on the relationship between legal institutional distance and their CSR performance in the host country.展开更多
Media inclinations,whether favorable or biased,play a pivotal role in shaping public opinion.Sometimes,media coverage may unintentionally foster skepticism towards foreign firms,which could create challenges for those...Media inclinations,whether favorable or biased,play a pivotal role in shaping public opinion.Sometimes,media coverage may unintentionally foster skepticism towards foreign firms,which could create challenges for those companies when they enter new markets.Based on a panel dataset from 2005 to 2020,this is one of the first studies to investigate empirically the impact of media opinion on outward foreign direct investment(OFDI)behaviors at the firm level.The media inclination index was constructed according to the varying inclinations of media from different countries in their reporting on each event.We examined the impact of media inclination on the investment value,frequency,and number of industries.This study has revealed the following insights:(i)Positive media coverage can stimulate the investment behavior of Chinese firms.(ii)The heterogeneity analysis indicates that the promotional effect of media reporting inclination on OFDI is more significant for state-owned firms from the investor's perspective and especially pronounced for firms in developing countries from the investee's perspective.(iii)Diplomatic visits and scientific research cooperation can amplify the positive impact of media opinions on the OFDI behaviors of Chinese firms.展开更多
基金sponsored by the Youth Program of National Social Sciences Foundation Research on the Evaluation and Promotion of Corporate Social Responsibilities in China(Approval No.12CGL039)
文摘Taking multinational firms operating in China as objects of research,this paper has discovered through empirical study that economic institutional distance and cultural institutional distance have negative effects on the corporate social responsibility(CSR) performance of multinational firms in a host country;when the legal system of home country is far better than that of host country,legal institutional distance has a positive effect on the CSR performance of multinational firms in the host country;entry mode has negative adjustment effect on the relationship of legal institutional distance and cultural institutional distance with the CSR performance of multinational firms in a host country;business experience of multinational firms in a host country has a negative adjustment effect on the relationship between legal institutional distance and their CSR performance in the host country.
基金the National Natural Science Foundation of China(No.72303146)Project of Shanghai Science and Technology Innovation Action Plan 2022(No.22692105200)+1 种基金the National Social Science Major Fund of China(No.22ZDA062)the Fundamental Research Funds for the Central Universities(No.2020110308).
文摘Media inclinations,whether favorable or biased,play a pivotal role in shaping public opinion.Sometimes,media coverage may unintentionally foster skepticism towards foreign firms,which could create challenges for those companies when they enter new markets.Based on a panel dataset from 2005 to 2020,this is one of the first studies to investigate empirically the impact of media opinion on outward foreign direct investment(OFDI)behaviors at the firm level.The media inclination index was constructed according to the varying inclinations of media from different countries in their reporting on each event.We examined the impact of media inclination on the investment value,frequency,and number of industries.This study has revealed the following insights:(i)Positive media coverage can stimulate the investment behavior of Chinese firms.(ii)The heterogeneity analysis indicates that the promotional effect of media reporting inclination on OFDI is more significant for state-owned firms from the investor's perspective and especially pronounced for firms in developing countries from the investee's perspective.(iii)Diplomatic visits and scientific research cooperation can amplify the positive impact of media opinions on the OFDI behaviors of Chinese firms.
