Abstract
Research on outwards foreign direct Investment (OFDI) has presented consistent evidence that Country risk has a significant impact on the choice of location for OFDI by firms. Using the overseas wholly-owned subsidiaries of Chinese listed enterprises between 2002 and 2020 as a sample, this study investigates the impact of different types of risk on the location choice of Chinese enterprises' OFDI, and the moderating effect of the state-owned status of enterprises on this impact. The empirical results show that both continuous and discontinuous risks in the host country have a suppression effect on Chinese enterprises' OFDI. This study also explores the moderating effect of internationalization experience and statehood on the suppression effect.
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