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Exploring the role of institutions in Chinese OFDI: a systematic review and integrative framework

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  • Michael Christofi
  • Demetris Vrontis
  • Anna Makrides

Abstract

Chinese multinational corporations’ (CMNCs) international business activity has grown rapidly in recent years. Existing literature explores the ways in which institutional factors shape Chinese firms’ outward foreign direct investment (OFDI). However, this phenomenon lacks cumulative empirical inquiry. Accordingly, we review 87 articles published in 37 peer-reviewed journals across diverse fields to synthesize the various research perspectives into an integrative framework and suggest future research directions. This study contributes to the international business literature, particularly for the Asia Pacific region, by consolidating scholarly work on institutions, tax havens, government, ownership and resulting internationalization strategies to unbundle how CMNCs create their identity.

Suggested Citation

  • Michael Christofi & Demetris Vrontis & Anna Makrides, 2022. "Exploring the role of institutions in Chinese OFDI: a systematic review and integrative framework," Asia Pacific Business Review, Taylor & Francis Journals, vol. 28(2), pages 187-213, March.
    • Handle: RePEc:taf:apbizr:v:28:y:2022:i:2:p:187-213
    DOI: 10.1080/13602381.2022.2013607
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    Cited by:

    1. Qing Xie & Hua Yin, 2023. "Institutional Differences and the Choice of Outward Foreign Direct Investment Mode under the “Belt and Road” Initiative: Experience Analysis Based on China’s Manufacturing Enterprises," Sustainability, MDPI, vol. 15(9), pages 1-26, April.
    2. Christofi, Michael, 2024. "The role of chief digital officer: Critical insights into an emerging field and road map for future research," Journal of Business Research, Elsevier, vol. 172(C).
    3. Roth, Linus & Corsi, Simone, 2023. "Ambidexterity in a geographic context: A systematic literature review on international exploration and exploitation of knowledge," Technovation, Elsevier, vol. 124(C).
    4. Nguyen Thi Tuong Anh & Hung Quang Doan & Tuan Anh Bui & Nam Hoang Vu & Duong Thuy Thanh Le, 2022. "A Revisit of Motives for Chinese Outward Foreign Direct Investment: The Role of the Institution in Host Countries," SAGE Open, , vol. 12(4), pages 21582440221, December.

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