title: Outward investments from China and Russia: Macroeconomic and institutional perspective
metadata.name: dc.contributor.author
metadata.value: Panibratov, A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Ermolaeva, L.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-06-03T12:17:55Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-06-03T12:17:55Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2015
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/6432
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: China is one of the strategic trade partners for Russia, and both countries are top investors among emerging economies. Surprisingly, this is not justified with the investigation of whether outward foreign direct investments (OFDI) from China and Russia differ from other economies and what are distinguishing characteristics of the OFDI originating from these two countries? Based on institutional theory we test the set of hypotheses concerning OFDI from China and Russia. We conduct panel regression analysis on the sample of Chinese and Russian OFDI for the period 2002-2012. The results show that informal institutions are more important for China than for Russia, whereas for Russian OFDI government plays guiding role. Moreover, our results contradict previous studies saying that less developed institutional environment is more attractive for firms from emerging markets; the rule of law variable shows positive significant coefficient for both countries. Nevertheless, traditional allocation of OFDI still remains important for China and Russia.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: Research has been conducted with financial support from SPbSU grant (project No. 15.61.172.2015)
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: Graduate School of Management, St. Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Working Papers;#25(E)-2105
metadata.lang: -
metadata.name: dc.subject
metadata.value: outward FDI
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: institutional distance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: China
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Outward investments from China and Russia: Macroeconomic and institutional perspective
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Working Paper
metadata.lang: en_GB
resources.filename: 25_WP 2015 Panibratov Ermolaeva.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/6432/1/25_WP%202015%20Panibratov%20Ermolaeva.pdf
resources.format: Adobe PDF
resources.size: 703,4 kB