Policy Coordination and Corporate Global Expansion

DOI

10.2991/978-94-6239-701-9_68How to use a DOI?

Keywords

Policy coordination; Corporate internationalization; Foreign direct investment; Institutional foundation perspective

Abstract

The relationship between “policy enthusiasm” and “corporate reluctance” has become a focal point for both academia and policymakers. This study employs data from Chinese A-share listed companies (2002–2024) and big data from local government work reports, utilizing a fixed-effects model to empirically examine the impact of policy coordination on corporate globalization. Findings reveal that policy coordination significantly promotes corporate globalization. Specifically, stronger government coordination in governance objectives correlates with higher frequencies of corporate foreign direct investment. Further analysis reveals that policy coordination enhances corporate internationalization through three pathways: reducing transaction costs, increasing the real option value of overseas strategic assets, and internalizing institutional advantages. The promotional effect is more pronounced for state-owned enterprises and firms in western China. This study illuminates the significant impact of internal structural characteristics within the policy system on corporate internationalization strategies, deepens micro-mechanism research on the institutional foundation perspective, and provides empirical evidence and policy insights for building a holistic government and enhancing the global competitiveness of Chinese enterprises.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jinghan Wu
PY  - 2026
DA  - 2026/07/30
TI  - Policy Coordination and Corporate Global Expansion
BT  - Proceedings of the 2026 11th International Conference on Social Sciences and Economic Development (ICSSED 2026)
PB  - Atlantis Press
SP  - 665
EP  - 673
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-701-9_68
DO  - 10.2991/978-94-6239-701-9_68
ID  - Wu2026
ER  -