关注捐赠者：中国跨国企业在非洲的投资与官方援助有关吗？

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS

ACS Applied Bio Materials Pub Date : 2024-05-13 DOI:10.1017/mor.2023.33

Xuanjin Chen, Majid Ghorbani, Zhenzhen Xie

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引用次数: 0

摘要

中国对非洲国家的援助会引发中国的外国直接投资吗？在外援对外国直接投资（FDI）的影响和国有制对外国直接投资（FDI）的影响的文献之间，我们将中国国有企业（SOEs）的外国直接投资与中国民营企业（POEs）的外国直接投资进行了比较，发现前者的外国直接投资更有可能跟随中国政府对非洲的援助。借用制度理论，我们认为国有企业的外国直接投资遵循政治需要，而民营企业的外国直接投资则追求市场动机。利用 2001 年至 2015 年间中国在非洲的 3,760 个外国直接投资项目的多种来源数据，我们发现国有企业外国直接投资与政府援助之间的相关性高于国有民营企业；当东道国的政策与中国的政策一致时，援助对外国直接投资概率的影响更大，尤其是在国有企业的情况下；在低投资风险国家，援助与投资之间的联系减弱，尤其是在国有民营企业的情况下。在不同的衡量标准和分析中，结果都是稳健和一致的。我们为有关援助与外国直接投资之间关系的文献以及有关资本主义种类的文献做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Follow the Giver: Is Chinese MNEs’ Investment in Africa Linked to Official Aid?

Does Chinese aid to African countries trigger Chinese foreign direct investment? Bridging the literature on the impact of foreign aid on foreign direct investment (FDI) and that on state ownership, we consider FDI by China's state-owned enterprises (SOEs) compared with that of its privately owned enterprises (POEs) and find FDI by the former is more likely to follow Chinese governmental aid to Africa. Borrowing from institutional theory, we posit that FDI by SOEs follows political imperatives while FDI by POEs pursues market motives. Using data from multiple sources on 3,760 Chinese FDI projects in Africa between 2001 and 2015, we find a correlation between SOE FDI and government aid than that of POEs; that aid has a greater impact on the probability of FDI when the policies of the host country and those of China are in sync, especially in the case of SOEs; and that in low-investment-risk countries the link between aid and investment is weakened, especially in the case of POEs. The results are robust and consistent across different measures and analyses. We contribute to the literature on the relationship between aid and FDI, as well as to that on varieties of capitalism.

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来源期刊

ACS Applied Bio Materials Chemistry-Chemistry (all)

CiteScore

9.40

自引率

2.10%

发文量

464

期刊介绍： ACS Applied Bio Materials is an interdisciplinary journal publishing original research covering all aspects of biomaterials and biointerfaces including and beyond the traditional biosensing, biomedical and therapeutic applications. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrates knowledge in the areas of materials, engineering, physics, bioscience, and chemistry into important bio applications. The journal is specifically interested in work that addresses the relationship between structure and function and assesses the stability and degradation of materials under relevant environmental and biological conditions.