%0 Journal Article %A XIN Rui %A Keqin DUAN %T Firm heterogeneity, technological relatedness and location choice of outward foreign direct investment %D 2019 %R 10.18306/dlkxjz.2019.10.009 %J PROGRESS IN GEOGRAPHY %P 1535-1544 %V 38 %N 10 %X

Advancement in the implementation of the Belt and Road initiative marks China's gradual transition from "bringing in" to "going out" and participation in a new era of globalization through a more diversified approach. Based on the Oriana Asia-Pacific Enterprise Database and the micro-enterprise data of China's foreign direct investment enterprise directory, this study examined the spatiotemporal characteristics and evolution of Chinese enterprises' foreign investment, and then identified the influencing factors of foreign investment decisions from the perspectives of enterprise heterogeneity and technological correlation effects. The results show that total factor productivity has clear positive effects on enterprises' foreign investment decisions. State-owned enterprises are more inclined to invest abroad than non-state-owned enterprises. Enterprises in eastern China are more inclined to invest abroad than western enterprises. Technological relatedness can significantly increase the level of foreign investment. This study attempted to understand the decision making of corporate foreign investment from a richer and more comprehensive perspective, which may provide some scientific support for guiding enterprises to go out in the context of the Belt and Road initiative.

%U https://www.progressingeography.com/EN/10.18306/dlkxjz.2019.10.009