Organizational Legitimacy under Conditions of Complexity：The Empirical Evidence from OFDI of China

• Main Authors: Cong Hua Dong, 董從驊
• Other Authors: Lin, Hsin Mei
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/u9qu32

碩士 === 國立暨南國際大學 === 國際企業學系 === 103 === Multinational enterprises (MNEs) in the context of globalization and three types of complexity of organizational legitimacy (the proper environment, justify the organization, justified the process) to discuss multinational enterprises in the host country typically face legitimacy challenge. In this paper, we mainly discuss Chinese multinational enterprises (CMNEs), because of China different political systems and market, but also developed some differences with other countries in foreign direct investment. China fight for initiative in the international market, to implement the "going out" strategy to support Chinese enterprises to participate in international markets. We based on Kostova and Zaheer published in 1999 about theoretical of organizational legitimacy. We propose hypothesis: number of investment country, institution distance, internal and external conflict, internal and external legitimacy will be moderated by internal or external support, liability of foreigness (bounded rationality and stereotype), enterprises size, internationalization experience, legitimacy spillover. We used panel data of 2707observations from 299 listed MNEs during 2000-2011 in China and we measured dependent variable: degree of legitimacy as the number of company invested country per period and per investment to run panel regression analysis. We found number of countries of FDI, institutional distance, the degree of investment dispersion, company capital, investment gain or loss are significantly affect the legitimacy of the degree, and the same with our hypothesis established.