Abstract Since the “Belt and Road initiative” is proposed, Chinese enterprises have responded positively with fruitful results. Based on the enterprises' micro-data, this paper analyzes the characteristics of the enterprises that actively participate in the investment along the “Belt and Road Initiative”, and how these characteristics affect their investment performance. The study finds that after the initiative is proposed, labor-intensive companies and companies with fierce competition in the product market are more inclined to invest in countries along the “Belt and Road”, and this feature is more obvious in non-state-owned enterprises. Further test shows that there is significantly positive correlation between investment performance and labor intensity, but there is not significant correlation with the degree of product market competition. The authors think that this study not only has certain implications for understanding the real effects of economic policies, but also helps companies to analyze whether it is suitable for them to participate in relevant strategic planning.
WANG Xiaoyu,HAO Lili. A Study on the Influencing Factors and Investment Performance of Enterprises' Active Participation in Investment along the “Belt and Road Initiative”. Economic Survey, 2021, 38(2): 064.
2021, Vol. 38 
