Skip to main content

ETHNOS_APP

Home • Search • Journals • List 0

The Political Economy of Inward FDI

Opposition to Chinese Mergers and Acquisitions

Bibliographic Data

ID12907170
AuthorsDustin Tingley (0000-0002-2216-6293, Harvard University, corresponding author), Chongyang Xu (0000-0001-7431-6540, Greenfield Research (Canada)), Adam Chilton (0000-0003-3638-6550, Chicago Kent College of Law), Helen V Milner (0000-0003-2990-8373, Helen Keller International)
Year2015
Volume8
Issue1
Pages27-57
Publication date2015-01-19
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueThe Chinese Journal of International Politics (JOURNAL)
Journal identifiersISSN: 1750-8916 • E-ISSN: 1750-8924
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1093/cjip/pou049
OpenAlexW2058486667
LanguageEN
Citations received29

A great deal of political economy scholarship has focused on how countries can attract foreign direct investment (FDI), and the effects of FDI on growth and political stability. A related topic that has received almost no attention, however, is that of divergent political reactions to inflows of FDI in the countries receiving investments. This is an oversight, because inward FDI flows are not equally welcomed by the host country and, in fact, often encounter strong political opposition. We study this phenomenon by examining political opposition to attempts by Chinese companies at mergers and acquisitions (M&As) with US firms. This is especially important given rapidly expanding Chinese M&A activity. We hypothesise that although most legal barriers to foreign M&As are based on national security considerations, objections on these grounds are often vehicles through which to channel other grievances, and that economic distress and reciprocity are also key drivers of political opposition. To test this theory, we constructed an original dataset of 569 transactions that occurred between 1999 and 2014 involving Chinese acquirers and American targets. We find that there is more likely to be opposition to Chinese M&A attempts in security sensitive industries, economically distressed industries, and sectors in which US companies faced restrictions in China’s M&A markets

Business · China · Economic growth · Economics · Foreign direct investment · International economics · International trade · Market economy · Mergers and acquisitions · Opposition (politics · Political economy · Political science · Politics · Scholarship · Global trade and economics · International Arbitration and Investment Law · International Business and FDI · Finance · Law

  • Friending or Blocking? U.S. Public Attitudes toward Restricting Foreign Social Media Apps

    Open Access•Ka Zeng, Damian Rae et al.•International Studies Quarterly•2026

  • Fortune or Fear? State Legislators’ Responses to Chinese Ownership of US Agricultural Land

    Open Access•Ze Han•International Studies Quarterly•2026

  • Beyond Jobs

    Open Access•Carolina Moehlecke, Guilherme Fasolin et al.•International Studies Quarterly•2025

  • The Rise of Foreign Direct Investment Regulation in Investment‐recipient Countries

    Open Access•Anastasia Ufimtseva•Global Policy•2020

  • Global meets local

    Open Access•Yinuo Tang, Juan Bu et al.•Journal of International Business…•2026

  • Environmental, economic, and geopolitical trade-offs in critical mineral mining projects

    Open Access•Sarah M Brooks, Santiago Lacroix Eussler et al.•The Extractive Industries and…•2026

  • Beyond Security

    Open Access•Weitseng Chen•Regulation & Governance•2024

  • A “Good” Country without Democracy

    Open Access•Ware Fong, N Sakib•Politics & Policy•2021

  • Foreign direct investment screening and congressional backlash politics in the United States

    Open Access•Brandice Canes-Wrone, Lauren Mattioli et al.•The British Journal of Politics…•2020

  • China’s outward foreign direct investment (Ofdi) to developing countries

    Bala Ramasamy, Matthew Yeung•Journal of the Asia Pacific Economy•2020

  • The demand-side politics of China’s global buying spree

    Damian Rae•Review of International Political…•2020

  • Non-trade issues in preferential trade agreements and global value chains

    Ida Bastiaens, Lisa Lechner et al.•Review of International Political…•2024

  • Institutionalizing neoliberalism

    Matthew J Baltz•Review of International Political…•2017

  • The patterns of state-firm coordination in China’s private sector internationalization

    Yoon Ah Oh, Suyeon No•The Pacific Review•2019

  • Money backfires

    Open Access•Do Young Gong, Sanghoon Kim-Leffingwell et al.•World Development•2024

  • Subnational institutions and Emne acquisitions in advanced economies

    Open Access•Rishika Nayyar, Shameen Prashantham•Critical Perspectives on…•2020

  • Viewpoint – could the belt and road initiative be derailed? An analysis of impediments to completion

    Open Access•Peter Enderwick•Critical Perspectives on…•2020

  • Is the China Effect Real? Ideational Change and the Political Contestation of Chinese State-Led Investment in Europe

    Open Access•Milan Babic, Adam D Dixon•The Chinese Journal of…•2022

  • Motivations, security threats and geopolitical implications of Chinese investment in the EU energy sector

    Open Access•Miguel Otero‐iglesia, Manuel Weissenegger•European Journal of International…•2020

  • Foreign Financing and the International Sources of Property Rights

    Open Access•Timm Betz, Amy Pond•World Politics•2019

  • Foreign Direct Investment, Unmet Expectations, and the Prospects of Political Leaders

    Xiaonan Wang, Margaret M Pearson et al.•The Journal of Politics•2022

  • Quitting globalization

    Open Access•Yilang Feng, Andrew Kerner et al.•Political Science Research and…•2021

  • Chinese Foreign Real Estate Investment and Local Voting in US Presidential Elections

    Open Access•Steven Liao•International Studies Quarterly•2023

  • Reciprocity and Public Opposition to Foreign Direct Investment

    Open Access•Adam Chilton, Adam S Chilton et al.•British Journal of Political…•2020

  • Blackening Skies for Chinese Investment in the EU

    Open Access•Bas Hooijmaaijers•Journal of Chinese Political…•2019

  • Disentangling public opposition to Chinese FDI

    Open Access•Damian Rae•European Journal of International…•2024

  • "They own our country!" voter reaction to anti-China rhetoric

    Open Access•Francisco Urdinez•Electoral Studies•2023

  • Local economic benefits increase positivity toward foreigners

    Open Access•Steven Liao, N Malhotra et al.•Nature Human Behaviour•2020

  • Environmental Effects of China's Overseas Direct Investment in South Asia

    Open Access•Abdus Sattar, Temesgen Hordofa Tolassa et al.•SAGE Open•2022

Unique citing works29
Citations per year3,22
Citation span2017 - 2026 (10)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 28

Tools

Open DOISci-HubOpen Access
Ethnos_APP • Open Source Project • MIT License • Frontend v2.0.0 • Privacy and Cookies • API Documentation: api.ethnos.app/docs • API Source Code: GitHub • DOI: 10.5281/zenodo.17049435 • Frontend Source Code: GitHub • DOI: 10.5281/zenodo.17050053 • cruz.rio.br • Expectantes Misericordiae