“…In so doing, we explore A number of empirical studies on the motivations of Chinese outward investors highlight the institutional effects relating to each O-L-I dimension. Chinese firms gain ownershipspecific advantages from home institutions if they are state-owned (Sun, Peng, Ren, and Yan, 2012;Wang, Hong, Kafouros, and Boateng, 2012), network with government institutions (Yiu, Lau, and Bruton, 2007) or stay with business groups for government supports (Pangarkar and Wu, 2012). Institutions also affect their location choices in foreign markets.…”