Abstract Under the framework of institutional arbitrage logic, this study uses samples of outward foreign direct investment (OFDI) projects of Chinese Shanghai and Shenzhen A-share listed multinational enterprises (MNEs) from 2010 to 2020 to study the impact of business environment distance on the survival performance of MNEs’ OFDI in emerging economies. Cox proportional risk model was applied, and the findings suggest that business environment distance (including surplus and deficit) has a positive impact on the survival performance of MNEs’ OFDI. The mechanism test shows that the internationalization speed plays a mediating role in the relationship between the two. In addition, the slack resources (especially unabsorbed slack resources) mitigate the inhibition of business environment distance on the internationalization speed. Further, business environment distance promotes the survival performance of MNEs’ OFDI more significantly in non-state-owned enterprises, small multinational enterprises as well as manufacturing multinational enterprises.
YI Changjun,LI Chuwei,LI Lei等. The Impact of Business Environment Distance on the Survival Performance of MNEs’ OFDI[J]. Chinese Journal of Management, 2025, 22(2): 242-.
