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1、ChineseForeignDirectInvestmentOwnershipAdvantagesREVIEW::paperwithChineseenterprisesrapidgrowthofforeigndirectinvestment,researchbegantofocusmoreandmoreChineseenterpriseswithforeigninvestmentintheprocessofcompetitiveadvantage.ThisarticlelooksatownershipadvantagesofChineseenterprisesby
2、foreigndirectinvestmenttheoryfoundinpreviousstudiestoestablishenterprisesindevelopedcountriescannotfullyexplainthebasisofownershipadvantagesofChineseenterprises.Chineseenterpriseshavetheirowncharacteristicsownershipadvantages,inthedevelopmentprocesscontinuestochange,andshouldbefurther
3、studied.PaperKeywords:Chineseenterprises,foreigndirectinvestment,ownershipadvantagesInthe21stcentury,inthe‘goingout’strategyundertheguidanceofChina’sforeigndirectinvestment(OutwardDirectInvestments,referredODI)continuedtogrow,2002--2008averageannualgrowthrateof65.7%.142009bytheinterna
4、tionalfinancialcrisisandtheworldeconomicslowdown,globalforeigndirectinvestmentoutflowsdeclinedby43%overthepreviousyear,inthiscontext,China’sforeigndirectinvestmentincreasedslightlyby$620million,reaching$56.53billion.Statistics[①]UnitedNationsConferenceonTradeandDevelopmentshowthatin20
5、09China’sforeigndirectinvestmentflowsamongtheworld’scountries(regions)fifth,developingcountries(regions)first.[②]Accordingtothetraditionaltheoryofforeigndirectinvestment,whetheritismonopolisticadvantagetheory(Hymer,1960)orinternationalproduceeclectictheory(Dunning,1977)haveemphasizedt
6、heparticulardominanceorownershipadvantagesofmultinationalcorporations,asabasisforforeigndirectinvestment.However,theuseofthesetheoriesbasedonforeigndirectinvestmentindevelopedcountriessetup,itisdifficulttoexplainthebehaviorofChinesecompaniesODI,becauseusuallythinkChinesecompaniesdonot
7、havetheseadvantages.So,fortheChineseenterprises,theneedtoconducttheirODIownershipadvantagesasthebasis,intheformofownershipadvantagesofhowto14behave,itwillbethefocusofthisarticle.Aliteraturereviewsincethe1950s,foreigndirectinvestmentamongdevelopedcountriescontinuetodevelop,causingwides
8、pread
