Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 77 , 18 April 2024


Open Access | Article

Research on Anti-Corruption in Overseas Investment of Chinese Multinational Enterprises

Yitong Zhang * 1
1 Law School, Hebei University, Qiyi East Road, Baoding, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 77, 82-88
Published 18 April 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Yitong Zhang. Research on Anti-Corruption in Overseas Investment of Chinese Multinational Enterprises. AEMPS (2024) Vol. 77: 82-88. DOI: 10.54254/2754-1169/77/20241812.

Abstract

Since the proposal of the Belt and Road Initiative, China has consistently adhered to the principle of extensive consultation, joint contribution, and shared benefits. It has actively promoted projects aimed at improving people's livelihoods and garnering public support. These efforts have provided significant support and impetus for global economy development. From the perspective of Chinese multinational enterprises (MNEs), analyzing the reasons for corruption in developing countries along the Belt and Road and examining the adverse impact of corruption on MNEs’ investments. Furthermore, it seeks to review and study the corruption problems and risks that Chinese MNEs should be mindful of during outbound direct investment. Based on these findings, suggestions will be put forward regarding the adoption of a risk early warning and response mechanism by Chinese MNEs when investing abroad, as well as measures to enhance the internal anti-corruption mechanisms of MNEs. The objective is to provide recommendations for optimizing the internal and external investment environment for Chinese MNEs.

Keywords

Multinational Corporations, Corrupt Practices, The Belt and Road, Overseas Investment

References

1. The Ministry of Commerce of the People’s Republic of China, the National Bureau of Statistics and the State Administration of Foreign Exchange.(2023). The 2022 Statistical Bulletin of China’s Outward Foreign Direct Investment. Retrieved from https://www.gov.cn/lianbo/bumen/202310/content_6907593.htm

2. Xu, X.J.(2023) Reconstruction of the Global Economic and Trade Pattern and High-quality Belt and Road Cooperation. Contemporary World, 9, 17-22

3. Zhang, J.N. (2017) Corruption and Anti-Corruption in Central and Eastern European Countries: An Analysis of the Applicability of Corruption-related Theories. Contemporary World and Socialism, 1, 102-111.

4. Jiang, L.Y. (2023) Corruption in EU Countries: An Analysis Based on the Special Eurobarometer Survey from 2005 to 2019. Henan Social Sciences, 31(08), 43-52.

5. Sean, F. (2019) Corruption Costs Developing Countries $1.26 Trillion Every Year-Yet Half of EMEA Think It's Acceptable. Dec.9. Retrieved from https://cn.weforum.org/agenda/2019/12/you-yu-tan-wu-fu-bai-fa-zhan-zhong-guo-jia-mei-nian-dou-hui-sun-shi-1-26-mei-yuan-yuan/

6. Tan, D.M. (2018) Brazil's Innocent Company Law and Its Forgiveness Agreement from the Corruption Case of Odebrecht Construction Company. Application of Law (Judicial Cases), 18, 121-130.

7. Li, L.L. (2019) The Impact of Host Country Corruption and Development Assistance on Foreign Direct Investment. Jinan University,14-17.

8. Habib, M., Zurawicki, L. (2002) Corruption and Foreign Direct Investment. Journal of International Business Studies, 33(2), 291-307.

9. Hu B., Deng F.H., Zhang, M. (2013) Host State Corruption and China's Outward Foreign Direct Investment: An Empirical Study Based on Cross-Country Panel Data. Journal of International Trade, 10,138-148.

10. Wang, Z.X., Liu, T. (2016) Commercial Bribery Crime of Multinational Corporations: Current Situation, Extraterritorial Governance and Reference. Journal of Railway Police College, 26(04),72-85.

11. Liao W. (2018) Problems and Governance of Anti-corruption of Overseas Enterprises under the Belt and Road Initiative. Exploration, 4,157-163.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:

1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).

Volume Title
Proceedings of the 3rd International Conference on Business and Policy Studies
ISBN (Print)
978-1-83558-377-7
ISBN (Online)
978-1-83558-378-4
Published Date
18 April 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/77/20241812
Copyright
18 April 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated