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《International Business Research》 2010-01
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Internationalization under the Influence of Institutional Investor:Empirical Evidence from China’s 2004-2007 Listed Manufacturing Firms

XUE Qiu-zhi, LI Qian  
This paper examines the role of institutional investors in relation to firms’ internationalization. In data on China’s 2004-2007 listed manufacturing firms, we find that significant positive relationship between institutional ownership and internationalization, and internationalization is more interested by funds and QFII. The results suggest that institutional shareholder activism is existing in Chinese firms, and institutional investors may help them to go abroad to carry on the "go-out" strategy. Finally, this paper gives corresponding recommendations to develop different types of institutional investors.
【Fund】: 教育部985项目“中国经济国际竞争力”研究之企业子课题的阶段性研究成果
【CateGory Index】: F279.2;F832.51;F224
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