Academic Journal of Business & Management, 2024, 6(1); doi: 10.25236/AJBM.2024.060106.
Huang Ting
School of Economics, Guangxi University, Nanning, 530004, China
This paper examines the changes in enterprises' perception of domestic uncertainty when they invest outward in a changing macroeconomic environment, using OFDI (outward foreign direct investment) data of A-share listed enterprises (non-financial and non-real estate industries) from 2007 to 2019 as a sample. The empirical test shows that when the economic growth rate is high, the impact of home country economic policy uncertainty on firms' OFDI will be stronger. This relationship is heterogeneous at the firm level. The findings establish a foundation for understanding how economic policy uncertainty impacts corporate OFDI in the context of changes in the real-world economic environment. They are informative for maintaining stability and continuity in economic policymaking at various stages of economic growth and for targeting policies to different types of enterprises.
Uncertainty Perception, Macroeconomic Environment, Outward Foreign Direct Investment, OFDI
Huang Ting. Macroeconomic Environment, Uncertainty Perception and Chinese Corporate OFDI. Academic Journal of Business & Management (2024) Vol. 6, Issue 1: 41-48. https://doi.org/10.25236/AJBM.2024.060106.
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