Productivity and Firms’ Sales Destination: <scp>C</scp>hinese Characteristics

Bao, Qun; Huang, Jikun; Wang, Yanling

doi:10.1111/roie.12181

Cited by 7 publications

(6 citation statements)

References 38 publications

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“…Furthermore, studies that combine these two aspects are rare as well. Bao et al (2013), by analyzing survey data for year 2002, argue that FDI-invested firms achieve productivity improvement in China and also boost their sales in China market. However they do not find statistically significant change in export by these firms.…”

Section: Related Literaturementioning

confidence: 99%

Foreign direct investment, domestic sales and exports of local firms: a regional perspective from China

Anwar

Sun

2016

Journal of the Asia Pacific Economy

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Using a simultaneous equation system, this paper investigate how/whether the presence of FDI affect domestic firms' local sales revenue and export intensity in China's leather shoes manufacturing industry and textile and garment manufacturing industry, focusing on the regional dimension of FDI presence. The paper finds that the presence of FDI generates significantly positive effects on both the local sales revenue and export intensity in both industries, and the finding is robust to alternative measures of FDI presence. The significantly positive impacts from the regional dimension of FDI presence suggests that it is reasonable for policy makers to encourage domestic and FDI-invested firms to locate close to each other, to maximize the benefits of FDI inflow.

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Section: Related Literaturementioning

confidence: 99%

Foreign direct investment, domestic sales and exports of local firms: a regional perspective from China

Anwar

Sun

2016

Journal of the Asia Pacific Economy

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“…However, as is often argued in the literature regarding Sino‐foreign JVs, the ownership structure of Chinese local firms and the origins of foreign investors often exhibit different patterns in their relationship with the (local) Chinese governments. Thus, they often have different experiences in terms of the degree of government interventions and/or government protégé (Bao, Huang, and Wang ; Huang, Wang, and Bao ; Lu, Tao, and Zhu ). As to JVs' local partners, SOEs might enjoy certain favorable treatments from local governments, including expedited entries into particular industries and relative ease in getting loans from state‐owned banks, which non‐SOEs do not often have.…”

Section: The Resultsmentioning

confidence: 99%

From Honeymoon to Divorce: Institution Quality and Foreign Investors' Ownership Consolidation in China

2018

Self Cite

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In China, joint ventures (JVs) between foreign investors and Chinese local firms were the most popular form of foreign affiliates before 2001. Over time, with policy space to operate as foreign wholly owned (WOs), many foreign investors in JVs chose to consolidate ownership and turned JVs into their WOs. Here, we examine how institution quality affects foreign investors' JV‐to‐WO ownership consolidation odds. For each province‐year, we construct an institution quality index from the business and judicial quality indicators, and further compute a relative quality index to highlight provincial variations. Using more than 43,000 JVs operating in China's 30 provinces over 1998–2007, we find that increases in institution quality decrease the odds of foreign investors to divorce their Chinese local partners. The odds for foreign investors in JVs to consolidate ownerships are significantly higher if they operate in provinces with relatively weaker institution quality. The odds of foreign investors' JV‐to‐WO decision vary with JVs' local firms being state‐owned enterprises (SOEs) and non‐SOEs, with foreign investors' origins from Hong Kong, Macao, and Taiwan (HMT) and other regions (Foreign), and with foreign investors' initial equity positions. Our results are not driven by foreign direct investment policy shocks, and are robust to alternative measures of institution quality. (JEL F23, L23)

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“…Currently, the main methods used to measure market integration include the production method (Young, 2000; Xu, 2011), the trade flow method (Naughton, 2000; Bao et al , 2015), and the relative price method (Parsley and Wei, 1996, 2001a, b). Young (2000) conducts a study of the Chinese market by using the production method and indicates that the level of regional specialization in China is declining.…”

Section: Relevant Literature Reviewmentioning

confidence: 99%

Research on the effects of market integration on carbon emissions

Liu

Zhang

et al. 2019

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Purpose The purpose of this paper is to analyze the linear and nonlinear effects of market integration on carbon emissions and explore the direct and indirect paths of market integration on carbon emissions through path analysis. Design/methodology/approach The authors first conduct a measurement and contrastive study of the market integration and carbon emissions of China’s 28 provinces from year 1995 to 2015. Then, the linear effect of market integration on carbon emissions is analyzed by using the fixed-effect model. Next, based on the path analysis method, the direct and indirect paths of market integration’s impact on carbon emissions are explored. Finally, the panel threshold regression model is used to evaluate the effect of market integration on carbon emissions under different situations of geographic distance. Findings The results show that first, the improvement of market integration can increase carbon emissions in the form of a linear relationship. Second, market integration not only has a direct and positive impact on the carbon emissions, but also has an indirect and positive impact on carbon emissions through the level of economic development, and a negative impact on carbon emissions through technological level. Third, an increase in market integration can reduce its positive effect on carbon emissions, but the improvement of economic growth and technology level can both enhance the positive effect of market integration on carbon emissions. Research limitations/implications This paper focuses on the impact of market integration on carbon emissions in 30 provinces in China, while, the authors do not conduct a comparative analysis of different regions, so there are certain limitations. In addition, policy interaction between regional governments is also a key factor affecting carbon emissions, but this paper does not consider the effect of policy interaction, future follow-up research will try to incorporate it into the analytical models. Practical implications An important practical implication of this research is that market integration should be regarded highly in China’s energy conservation and emission reduction efforts. The research results have important reference value for policy authorities to formulate relevant policies. That is, the government can play a more active role in the process of integration through breaking the regional blockade and interest barriers to comprehensively improve resource utilization efficiency and technical level, and ultimately achieve regional low-carbon development. Originality/value This paper explores the effects of market integration on China’s carbon emissions based on different methods and perspectives, and confirms that market integration plays a vital role in China’s carbon emissions through economic growth and technological progress. Notably, based on the studied results, some specific and practical suggestions are proposed in this paper so as to reduce carbon emission and realize the sustainable development of economy and society in China.

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Productivity and Firms’ Sales Destination: Chinese Characteristics

Cited by 7 publications

References 38 publications

Foreign direct investment, domestic sales and exports of local firms: a regional perspective from China

Foreign direct investment, domestic sales and exports of local firms: a regional perspective from China

From Honeymoon to Divorce: Institution Quality and Foreign Investors' Ownership Consolidation in China

Research on the effects of market integration on carbon emissions

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