Abstract
This paper provides a co-evolution analysis of China’s inward FDI policy. In parallel with the widely used concepts of institutional entrepreneur/entrepreneurship, it proposes and applies the concepts of institutional actor/action in an emerging economy setting, underscoring the significance of institutional action/entrepreneurship in shaping the trajectory of China’s inward FDI policy evolution. We argue that the policy formulation process is not solely instigated by the Chinese government but rather represents a co-evolutionary dynamic process involving China’s inward FDI institutional framework and institutional action/entrepreneurship. We advance a comprehensive conceptual framework for prospective research endeavors.
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