A growing number of developed country governments in recent years have adopted a hostile attitude towards foreign direct investments undertaken in their markets by state-owned enterprises （SOEs）, the latter often ba...A growing number of developed country governments in recent years have adopted a hostile attitude towards foreign direct investments undertaken in their markets by state-owned enterprises （SOEs）, the latter often based in China. The broad reason for this hostility is the belief that state-owned enterprises pursue non-commercial objectives with resulting damage to host economies. This paper argues that the empirical evidence shows SOEs are increasingly exhibiting market-owned behavior. Furthermore, any adverse consequences of non-commercial behavior are likely to be realized primarily by the SOEs themselves.展开更多
The study aims to explore whether internationalization by state-owned enterprises is a curse or blessing in the context of aspirant industrial economies,such as China.What do state-owned enterprises'global product...The study aims to explore whether internationalization by state-owned enterprises is a curse or blessing in the context of aspirant industrial economies,such as China.What do state-owned enterprises'global production aspirations,such as outward foreign direct investment,bring into their home country?To answer this question,this study proposes a unique,co-evolutionary perspective of the state-driven industrialized economy by leveraging insights from economic discoveries such as Adam Smith's wealth of nations,David Ricardo's comparative advantage,and Michael Porter's competitive advantage.This view suggests that an outward foreign investment strategy may likely provide state-owned enterprises with access to resources and advanced production technologies,enhance innovation capabilities,gain more competitive advantage,and achieve superior performance,thus leading to spillover effects on their home country's wealth,comparative advantage,and competitiveness.This study discusses China's grand policies,economic performance,and successful cross-border industrial acquisitions.展开更多
文摘A growing number of developed country governments in recent years have adopted a hostile attitude towards foreign direct investments undertaken in their markets by state-owned enterprises （SOEs）, the latter often based in China. The broad reason for this hostility is the belief that state-owned enterprises pursue non-commercial objectives with resulting damage to host economies. This paper argues that the empirical evidence shows SOEs are increasingly exhibiting market-owned behavior. Furthermore, any adverse consequences of non-commercial behavior are likely to be realized primarily by the SOEs themselves.
基金supported by the National Natural Science Foundation of China(NSFC No.71850410542).
文摘The study aims to explore whether internationalization by state-owned enterprises is a curse or blessing in the context of aspirant industrial economies,such as China.What do state-owned enterprises'global production aspirations,such as outward foreign direct investment,bring into their home country?To answer this question,this study proposes a unique,co-evolutionary perspective of the state-driven industrialized economy by leveraging insights from economic discoveries such as Adam Smith's wealth of nations,David Ricardo's comparative advantage,and Michael Porter's competitive advantage.This view suggests that an outward foreign investment strategy may likely provide state-owned enterprises with access to resources and advanced production technologies,enhance innovation capabilities,gain more competitive advantage,and achieve superior performance,thus leading to spillover effects on their home country's wealth,comparative advantage,and competitiveness.This study discusses China's grand policies,economic performance,and successful cross-border industrial acquisitions.
