Do China's Outward Direct Investors Prefer Countries with High Political Risk? An International and Empirical Comparison

作     者：Jiann-jong Guo Guo-chen Wang Chien-hung Tung 

作者机构：Institute of China StudiesTamkang University Department of Humanities and Social ScienceTaiwan Normal University Graduate Program of Landscape Architecture and RecreationNational Chung-Hsing University 

出 版 物：《China & World Economy》 (中国与世界经济（英文版）)

年 卷 期：2014年第22卷第6期

页      面：22-43页

核心收录：

学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学（含∶保险学）] 

主　　题：government policy outward direct investment political risk distribution political risk index principal component analysis 

摘      要：This paper focuses on a conventional debate regarding whether Chinese outward direct investors tend to invest in countries with high political risk. Using 2003 -2011 data from the World Bank, the Heritage Foundation and the KOF Swiss Economic Institute, we investigate China ＇s political risk distribution and political risk index （PRI）. Our results indicate that China ＂s political risk index was ranked 48th among 153 economies in 2011, in the lower risk level of the PRI spectrum. In an international comparison of political risk distribution, the proportion of Chinese outward direct investment （ODI） among countries with high political risk is less than the world average. The Chinese ODI political risk index has significantly improved and remains lower than the world average. To improve Chinese ODI PRI, the Chinese Government should continue to implement differentiation strategies and to offer official development assistance to improve the investment environment in developing countries and reduce political risk.