How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?

How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?

In order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlate...

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Bibliographic Details
Main Authors: Zhang Lin, Xu Zheqian
Format: Article
Language:English
Published: Sciendo 2017-06-01
Series:Baltic Journal of European Studies
Subjects:
cultural distance
institutional distance
obor
ofdi
Online Access:https://doi.org/10.1515/bjes-2017-0003
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spelling doaj-e7db4783dbe842b7a074decc14721b1b2021-09-05T20:42:30ZengSciendoBaltic Journal of European Studies2228-05962017-06-0171244210.1515/bjes-2017-0003bjes-2017-0003How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?Zhang Lin0Xu Zheqian1Shanghai University of International Business and Economics, Boshi Building Room 303, 1900 Wen Xiang Road, Songjiang, Shanghai 201620, PR ChinaShanghai University of International Business and Economics, Boshi Building Room 303, 1900 Wen Xiang Road, Songjiang, Shanghai 201620, PR ChinaIn order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlated with China’s outward foreign direct investment (OFDI). At the same time, cultural distance interacts with bilateral trade, resulting in a “benefit of foreignness” effect.https://doi.org/10.1515/bjes-2017-0003cultural distanceinstitutional distanceoborofdi
collection DOAJ
language English
format Article
sources DOAJ
author Zhang Lin
Xu Zheqian
spellingShingle Zhang Lin
Xu Zheqian
How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?
Baltic Journal of European Studies
cultural distance
institutional distance
obor
ofdi
author_facet Zhang Lin
Xu Zheqian
author_sort Zhang Lin
title How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?
title_short How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?
title_full How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?
title_fullStr How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?
title_full_unstemmed How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?
title_sort how do cultural and institutional distance affect china’s ofdi towards the obor countries?
publisher Sciendo
series Baltic Journal of European Studies
issn 2228-0596
publishDate 2017-06-01
description In order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlated with China’s outward foreign direct investment (OFDI). At the same time, cultural distance interacts with bilateral trade, resulting in a “benefit of foreignness” effect.
topic cultural distance
institutional distance
obor
ofdi
url https://doi.org/10.1515/bjes-2017-0003
work_keys_str_mv AT zhanglin howdoculturalandinstitutionaldistanceaffectchinasofditowardstheoborcountries
AT xuzheqian howdoculturalandinstitutionaldistanceaffectchinasofditowardstheoborcountries
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