外商直接投资
中国
业务
价值(数学)
投资(军事)
国际经济学
国际贸易
质量(理念)
双边贸易
经济
政治学
宏观经济学
哲学
机器学习
认识论
法学
政治
计算机科学
作者
Chang Li,Chu Wang,Lianxing Yang,Baoju Chu
标识
DOI:10.1016/j.ememar.2022.100976
摘要
Value of cultural goods varies across consumers with different backgrounds. Exchange of cultural goods may lead to better mutual understand and trust, which helps mitigate the entry obstacles in the investment targets. This paper studies how cultural trade affects Chinese firms' outbound foreign direct investment (OFDI). We find that both likelihood and total volume that a firm invests in a foreign country increase with the amount of bilateral cultural trade. We further show that cultural trade boosts the success rate of OFDI projects. These effects are intensified in targets with weaker institutional quality or a great cultural distance to China.
科研通智能强力驱动
Strongly Powered by AbleSci AI