The Political Economy of Inward FDI
Opposition to Chinese Mergers and Acquisitions
Bibliographic Data
| ID | 12907170 |
|---|---|
| Authors | Dustin 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) |
| Year | 2015 |
| Volume | 8 |
| Issue | 1 |
| Pages | 27-57 |
| Publication date | 2015-01-19 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Chinese Journal of International Politics (JOURNAL) |
| Journal identifiers | ISSN: 1750-8916 • E-ISSN: 1750-8924 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/cjip/pou049 |
| OpenAlex | W2058486667 |
| Language | EN |
| Citations received | 29 |
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
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Beyond Security
A “Good” Country without Democracy
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The demand-side politics of China’s global buying spree
Non-trade issues in preferential trade agreements and global value chains
Institutionalizing neoliberalism
The patterns of state-firm coordination in China’s private sector internationalization
Money backfires
Subnational institutions and Emne acquisitions in advanced economies
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Motivations, security threats and geopolitical implications of Chinese investment in the EU energy sector
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Chinese Foreign Real Estate Investment and Local Voting in US Presidential Elections
Reciprocity and Public Opposition to Foreign Direct Investment
Blackening Skies for Chinese Investment in the EU
Disentangling public opposition to Chinese FDI
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Environmental Effects of China's Overseas Direct Investment in South Asia
| Unique citing works | 29 |
|---|---|
| Citations per year | 3,22 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 28 |