Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?

This paper empirically investigates the impact of technology-seeking outward foreign direct investment (OFDI) on firms' productivity under the influence of negative external shocks, taking as a sample the investment data of Chinese firms before and during COVID-19. The results show that technol...

Descripción completa

Detalles Bibliográficos
Autores principales: Wong, Zoey, Chen, Afei, Peng, Dan, Kong, Qunxi
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8464020/
http://dx.doi.org/10.1016/j.gfj.2021.100675
_version_ 1784572525650378752
author Wong, Zoey
Chen, Afei
Peng, Dan
Kong, Qunxi
author_facet Wong, Zoey
Chen, Afei
Peng, Dan
Kong, Qunxi
author_sort Wong, Zoey
collection PubMed
description This paper empirically investigates the impact of technology-seeking outward foreign direct investment (OFDI) on firms' productivity under the influence of negative external shocks, taking as a sample the investment data of Chinese firms before and during COVID-19. The results show that technology-seeking OFDI improves productivity, but not under negative external shocks. The dampening effect of such shocks is more significant when the host country is a developed country and in firms with multiple branches. Technology-seeking OFDI particularly improves the productivity of research and development and processing firms, and (among the productivity measures tested) most prominently affects total factor productivity.
format Online
Article
Text
id pubmed-8464020
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Elsevier Inc.
record_format MEDLINE/PubMed
spelling pubmed-84640202021-09-27 Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic? Wong, Zoey Chen, Afei Peng, Dan Kong, Qunxi Global Finance Journal Article This paper empirically investigates the impact of technology-seeking outward foreign direct investment (OFDI) on firms' productivity under the influence of negative external shocks, taking as a sample the investment data of Chinese firms before and during COVID-19. The results show that technology-seeking OFDI improves productivity, but not under negative external shocks. The dampening effect of such shocks is more significant when the host country is a developed country and in firms with multiple branches. Technology-seeking OFDI particularly improves the productivity of research and development and processing firms, and (among the productivity measures tested) most prominently affects total factor productivity. Elsevier Inc. 2022-02 2021-09-25 /pmc/articles/PMC8464020/ http://dx.doi.org/10.1016/j.gfj.2021.100675 Text en © 2021 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Wong, Zoey
Chen, Afei
Peng, Dan
Kong, Qunxi
Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?
title Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?
title_full Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?
title_fullStr Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?
title_full_unstemmed Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?
title_short Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?
title_sort does technology-seeking ofdi improve the productivity of chinese firms under the covid-19 pandemic?
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8464020/
http://dx.doi.org/10.1016/j.gfj.2021.100675
work_keys_str_mv AT wongzoey doestechnologyseekingofdiimprovetheproductivityofchinesefirmsunderthecovid19pandemic
AT chenafei doestechnologyseekingofdiimprovetheproductivityofchinesefirmsunderthecovid19pandemic
AT pengdan doestechnologyseekingofdiimprovetheproductivityofchinesefirmsunderthecovid19pandemic
AT kongqunxi doestechnologyseekingofdiimprovetheproductivityofchinesefirmsunderthecovid19pandemic

Ejemplares similares