抄録
The emergence of Chinese enterprises’ outward foreign direct investment（ OFDI） has a significant impact on the existing FDI theories. Most traditional theories have been trying to seek the driving factors of MNEs’ FDI behaviors based on the cause-and-effect logic. However, such an approach just depending on objective conditions does not fit well with the explanation of the Chinese enterprises’ OFDIs because their OFDIs are so unique and energetic that they are beyond logical theories. Therefore, in order to describe Chinese enterprises OFDI, this study proposes a two-factor model with both objective and subjective factors. In this model, corporate managers’ ambitions to achieve corporate globalization are especially emphasized as a subjective factor. Based on this two-factor model, this study claims that Chinese enterprises’ OFDI has the features of the internal factors-driven investment.
