IDEAS home Printed from https://ideas.repec.org/a/bla/ausecp/v57y2018i3p250-264.html
   My bibliography  Save this article

Economic and Cultural Implications of China's One Belt One Road Initiative for the Film Industry: Cultural Distance and Taste Preference

Author

Listed:
  • Hao Ye
  • Lu Binwei
  • Guy Starkey

Abstract

China's official One Belt One Road (OBOR) strategy has aroused considerable interest worldwide. This grand concept is potentially of great significance for China's film industry, among others, which has been included as an important part of the national drive to expand China's cultural influence overseas. OBOR represents a great opportunity for China's film industry to shift the emphasis of its market segmentation from reliance on Western influences to a more Eastern orientation. Its promise of closer economic and cultural ties brings great international marketing potential. China's film industry should embrace this significant opportunity by further addressing the cultural variables in its overseas distribution, creating detailed national taste profiles. The synergic development of the Asian film industries can unlock resources, technology and a very large market, presenting both opportunities and challenges. This study quantifies the cultural distances (CDs) and differences in genre preference between China and other countries involved in the OBOR initiative, based on 2016 box‐office data. The analysis reveals an absence of systematic and persistent correlation in CD and genre preference from country to country. In addition, the clustered distribution of genre preference within geographical boundaries makes cultural integration more directional.

Suggested Citation

  • Hao Ye & Lu Binwei & Guy Starkey, 2018. "Economic and Cultural Implications of China's One Belt One Road Initiative for the Film Industry: Cultural Distance and Taste Preference," Australian Economic Papers, Wiley Blackwell, vol. 57(3), pages 250-264, September.
    • Handle: RePEc:bla:ausecp:v:57:y:2018:i:3:p:250-264
    DOI: 10.1111/1467-8454.12116
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8454.12116
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8454.12116?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bruce Kogut & Harbir Singh, 1988. "The Effect of National Culture on the Choice of Entry Mode," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 19(3), pages 411-432, September.
    2. W. Wayne Fu & Tracy Lee, 2008. "Economic and Cultural Influences on the Theatrical Consumption of Foreign Films in Singapore," Journal of Media Economics, Taylor & Francis Journals, vol. 21(1), pages 1-27.
    3. Jin, Shaosheng & Zhang, Yu, 2014. "The Value of “Made in USA”: Impact of Chinese acquisition of a US Company on Consumer Willingness to Pay," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169805, Agricultural and Applied Economics Association.
    4. Sang-Woo Lee, 2002. "An Economic Analysis of the Movie Industry in Japan," Journal of Media Economics, Taylor & Francis Journals, vol. 15(2), pages 125-139.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sora Park, 2015. "Changing patterns of foreign movie imports, tastes, and consumption in Australia," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(1), pages 85-98, February.
    2. Francis Lee, 2009. "Cultural discount of cinematic achievement: the academy awards and U.S. movies’ East Asian box office," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 33(4), pages 239-263, November.
    3. Jane, Wen-Jhan, 2021. "Cultural distance in international films: An empirical investigation of a sample selection model," Journal of Economics and Business, Elsevier, vol. 113(C).
    4. Gianpiero Meloni & Dimitri Paolini & J. D. Tena, 2018. "American beauty: trade flows and export costs of US movies," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 42(4), pages 701-716, November.
    5. Darlene Chisholm & Víctor Fernández-Blanco & S. Abraham Ravid & W. David Walls, 2015. "Economics of motion pictures: the state of the art," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(1), pages 1-13, February.
    6. Rosalie L Tung & Günter K Stahl, 2018. "The tortuous evolution of the role of culture in IB research: What we know, what we don’t know, and where we are headed," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(9), pages 1167-1189, December.
    7. Utz Schäffer & Matthias D. Mahlendorf & Jochen Rehring, 2014. "Does the Interactive Use of Headquarter Performance Measurement Systems in Foreign Subsidiaries Endanger the Potential to Profit from Local Relationships?," Australian Accounting Review, CPA Australia, vol. 24(1), pages 21-38, March.
    8. Shaheer, Noman Ahmed & Li, Sali, 2020. "The CAGE around cyberspace? How digital innovations internationalize in a virtual world," Journal of Business Venturing, Elsevier, vol. 35(1).
    9. Ilhan-Nas, Tulay & Okan, Tarhan & Tatoglu, Ekrem & Demirbag, Mehmet & Wood, Geoffrey & Glaister, Keith W., 2018. "Board composition, family ownership, institutional distance and the foreign equity ownership strategies of Turkish MNEs," Journal of World Business, Elsevier, vol. 53(6), pages 862-879.
    10. Tanos, Barbara Abou, 2022. "Culture and mutual funds’ performance," Finance Research Letters, Elsevier, vol. 46(PB).
    11. Bas Daamen & Jean-Francois Hennart & Dong-Jae Kim & Young-Ryeol Park, 2007. "Sources of and Responses to the Liability of Foreignness: The Case of Korean Companies in the Netherlands," Global Economic Review, Taylor & Francis Journals, vol. 36(1), pages 17-35.
    12. Benischke, Mirko H. & Guldiken, Orhun & Doh, Jonathan P. & Martin, Geoffrey & Zhang, Yanze, 2022. "Towards a behavioral theory of MNC response to political risk and uncertainty: The role of CEO wealth at risk," Journal of World Business, Elsevier, vol. 57(1).
    13. Shi, Wei & Tang, Yinuo, 2015. "Cultural similarity as in-group favoritism: The impact of religious and ethnic similarities on alliance formation and announcement returns," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 32-46.
    14. Arora, Ashish, 1999. "Exploring the internalization rationale for international investment: wholly owned subsidiary versus technology licensing in the worldwide chemical industry," DEE - Working Papers. Business Economics. WB 6430, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    15. Chen, Jun & King, Tao-Hsien Dolly & Wen, Min-Ming, 2015. "Do joint ventures and strategic alliances create value for bondholders?," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 247-267.
    16. Dasí-Rodríguez, Sonia & Pardo-del-Val, Manuela, 2015. "Seeking partners in international alliances: The influence of cultural factors," Journal of Business Research, Elsevier, vol. 68(7), pages 1522-1526.
    17. Ye, Silin & Zhou, Jing & Jiang, Yunwen & Liu, Xiaming, 2023. "Managers as the bridge: How cultural friction influences the integration of cross-border mergers and acquisitions," International Business Review, Elsevier, vol. 32(4).
    18. Ulrike Mayrhoffer & Fabrice Roth, 1999. "Gestion de l'incertitude et influence de la diversification et de la nationalité sur les formes de rapprochement : une comparaison Allemagne, France et Royaume-Uni," Revue Finance Contrôle Stratégie, revues.org, vol. 2(4), pages 135-156, December.
    19. Manolis, Chris & Nygaard, Arne & Stillerud, Bård, 1997. "Uncertainty and vertical control: An international investigation," International Business Review, Elsevier, vol. 6(5), pages 501-518, October.
    20. Anthony Goerzen & Stephen Sapp & Andrew Delios, 2010. "Investor Response to Environmental Risk in Foreign Direct Investment," Management International Review, Springer, vol. 50(6), pages 683-708, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecp:v:57:y:2018:i:3:p:250-264. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.