Title :

Confucius Institute, Belt and Road Initiative, and Internationalization

Author(s) :

Wang, Hao [Auteur]
Han, Yonghui [Auteur]
Fidrmuc, Jan [Auteur]
Lille économie management - UMR 9221 [LEM]
Wei, Dongming [Auteur]

Journal title :

International Review of Economics & Finance

Pages :

237-256

Publication date :

2021-01

ISSN :

1059-0560

English keyword(s) :

Cultural institute
Institutions : Cultural distance
Belt and Road Initiative
Confucius Institute
Cross-border mergers and acquisitions

HAL domain(s) :

Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to ...
Show more >In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that Confucius Institute has had a positive effect on Chinese CMA in general and such an effect is stronger in Belt-Road countries, especially after the Belt and Road Initiative was launched in 2013. Our results suggest that the earlier the host country joins the Belt and Road Initiative, the stronger is the interactive effect of CI and Belt and Road Initiative. Moreover, we show that Confucius Classroom, a related program also positively affects the Chinese CMA in the context of Belt and Road Initiative. These findings are robust to controlling for the endogeneity of reverse causality and sample selection bias.Show less >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL