The Social Embedded Governance Mechanism of Enterprise's Overseas Investment Risk: Case Studies of the Countries Along the "Belt and Road"

YANG Ling-li; WAN Lu

Volume 35 Issue 1

May 2021

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2020 > 35(1): 44-56

YANG Ling-li, WAN Lu. The Social Embedded Governance Mechanism of Enterprise's Overseas Investment Risk: Case Studies of the Countries Along the 'Belt and Road'[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(1): 44-56.

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YANG Ling-li, WAN Lu. The Social Embedded Governance Mechanism of Enterprise's Overseas Investment Risk: Case Studies of the Countries Along the "Belt and Road"[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(1): 44-56.

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The Social Embedded Governance Mechanism of Enterprise's Overseas Investment Risk: Case Studies of the Countries Along the "Belt and Road"

YANG Ling-li¹,
WAN Lu²

1.
School of Government Management, Shanghai University of Political Science and Law, Shanghai 201701
2.
Institute of Economics, Guangdong Academy of Social Sciences, Guangzhou 510635, China

Received Date: 2019-11-12
Available Online: 2021-05-15
Publish Date: 2020-01-28

Abstract

Abstract

The development of overseas investment needs to establish an effective risk governance mechanism. A large number of researches have discussed how good national relations can help reduce the risk of overseas investment at the micro level. However, the change of the host country's domestic political situation and international situation will weaken the effectiveness of the state-to-state relationship in the governance of investment risk. Therefore, it is necessary to expand risk governance from the level of national relations to the level of social relations, explore the mechanism of overseas-invested enterprises to enhance risk governance capability by embedding the enterprises into local society, and further discuss the synergy between social embedding and national relations. The results from the study of entrepreneurs in the Yangtze River Delta and Pearl River Delta, show that there are two governance models in China: one is "bilateral relationshipgovernment identity-investment risk", the other is "social embeddedness-social identity-investment risk", whose synergistic effect indicates that social identity promotes government identity. Therefore, when Chinese enterprises go abroad, they should avoid the one sidedness of "state centered theory"or "social centered theory", and improve the governance ability of overseas investment risk with"government diplomacy"and"public diplomacy"together.
- Chinese-funded enterprises,
- overseas investment,
- investment risk,
- risk management,
- government identification,
- social embedding,
- state relations,
- synergistic effect,
- the "Belt and Road"

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References(38)

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