中国海外投资项目政治风险的演化：基于合法性视角的案例研究

摘要/Abstract

摘要：

对中国海外投资项目而言，政治风险是其面临的重要挑战。本文基于合法性视角，对莱比塘铜矿项目的政治风险历程进行分析，研究发现：（1）中国海外投资项目的政治风险经历了三个阶段：利益相关方对投资项目非理性负面态度的形成、利益相关方针对投资项目非理性政治对抗事件及行为的扩散、利益相关方针对投资项目政治对抗事件及行为的平息；（2）在海外投资项目政治风险的演化过程中，投资项目在东道国的合法性扮演了重要角色。其中，认知合法性的缺失推动了政治风险能量的积累，规制合法性、规范合法性、认知合法性危机加速了政治风险能量的释放，规制、规范、认知合法性的重构调整了政治风险能量的平稳。本研究的主要贡献在于：基于合法性视角构建了中国海外投资项目政治风险的演化过程模型，对"一带一路"背景下中国企业海外投资项目政治风险的防范和管理具有重要实践意义。

关键词: 海外投资项目, 政治风险, 合法性, 案例研究

Abstract:

Political risk is one of the critical challenges for Chinese overseas investment projects. This paper, based on the perspective of legitimacy, attempts to explore the evolution of political risk of Letpadaung copper mining. The results show that:(1) The evolution of political risk of Chinese overseas investment projects has experienced three stages:the formation of irrational negative attitude, the diffusion of irrationality political confrontation events and behaviors, and the cessation of political confrontation events and behaviors. (2) the legitimacy plays an important role in the evolution process of political risk. The shortage of cognitive legitimacy promotes the accumulation of political risk energy, the crisis of regulation legitimacy, normative legitimacy and cognitive legitimacy accelerates the release of political risk energy, and the reconstruction of regulation, norm and cognitive legitimacy adjusts the stability of political risk energy. The main contribution of this study is that it develops the process model of the evolution of political risk based on the perspective of legitimacy and the conclusion of this paper has a certain enlightenment on the "going global" enterprises under the background of "One Belt and Road".

Key words: Chinese overseas investment project, political risk, legitimacy, case study

何金花, 田志龙. 中国海外投资项目政治风险的演化：基于合法性视角的案例研究[J]. , 2019, 31(6): 277-288.

He Jinhua, Tian Zhilong. The Evolution of Political Risk in Chinese Overseas Investment Projects: A Case Study Based on the Perspective of Legitimacy[J]. , 2019, 31(6): 277-288.

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