How Corporate Rent Seeking Affects Ofdi——Empirical Evidence Based on A-Share Listed Manufacturing Companies
this paper explored the theoretical mechanism of corporate rent-seeking's influence on Enterprise OFDI behavior, and tested the impact of corporate rent-seeking on OFDI empirically. The results show that Corporate rent-seeking increases OFDI significantly. This conclusion is still valid after employing a series of robust analyses.The channel mechanics test finds that Corporate rent-seeking reduces enterprise profitability and thereby induces OFDI. Heterogeneity tests find that these effects exist mainly among private enterprise and enterprise without Political Connection. Our findings enrich the literature on the influencing factors for OFDI and complement the research on the motivation of internationalization in emerging market countries