Abstracts
Abstract
Some researchers have claimed that Chinese firms are impervious to political risk, calling into question the institutionalization of political risk by Chinese firms. Building on resource dependence theory and the literature on non-market strategies, this study finds significant impact by ownership structure, firm scale, and the degree of internationalization on the institutionalization of political risk assessments (IPRA) by Chinese firms. As such, state-owned firms and larger firms cultivate a higher level of IPRA. We find a positive impact of a firm’s scale and scope of internationalization, but insignificant impact of depth of internationalization.
Keywords:
- Chinese MNEs,
- Non-market Strategy,
- Political Risk,
- Political Connections,
- Resource Dependence Theory,
- State-ownership
Résumé
Il est affirmé que les entreprises chinoises étaient insensibles au risque politique, remettant en question l’institutionnalisation du risque politique par les entreprises chinoises. S’appuyant sur la théorie de la dépendance des ressources et la littérature sur les stratégies non marchandes, cette étude révèle un impact significatif de la structure de propriété, la taille et le degré d’internationalisation sur l’institutionnalisation des évaluations du risque politique (IPRA). Les entreprises publiques et les grandes entreprises cultivent un niveau plus élevé d’IPRA. Nous constatons un impact positif de la taille et de l’étendue de l’internationalisation, mais un impact insignifiant de la profondeur de l’internationalisation.
Mots-clés :
- Multinationales chinoises,
- Stratégie non marchande,
- Risque politique,
- Liens politiques,
- Théorie de la dépendance des ressources,
- Propriété d’Etat
Resumen
Se ha afirmado que las empresas chinas son inmunes al riesgo político, cuestionando la institucionalización del riesgo político por parte de las empresas chinas. Partiendo de la teoría de la dependencia de recursos y la literatura sobre estrategias no de mercado, encontramos que la estructura de propiedad, el tamaño y el grado de internacionalización influyen en la institucionalización de las evaluaciones de riesgo político (IPRA). Así, las empresas estatales y las grandes tienen mayor nivel de IPRA. Encontramos un impacto positivo de la escala y el alcance de la internacionalización, pero un impacto insignificante de la profundidad de la internacionalización.
Palabras clave:
- Empresas multinacionales chinas,
- Estrategia no de mercado,
- Riesgo político,
- Conexiones políticas,
- Teoría de la dependencia de recursos,
- Propiedad estatal
Appendices
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