ABSTRACT
Introduction Over the past two decades, international business (IB) researchers have shown an increased interest in FDI from emerging economies generally, and in the BRICS (Brazil, Russia, India, China, and South Africa) as major players among developing economies specifically. Interest in how these countries invest internationally, with a substantial focus on outward foreign direct investment (OFDI) from China (Buckley et al. 2007; Morck, Yeung & Zhao 2008; Deng 2009; Kotabe, Jiang & Murray 2010), has led to an attempt to understand the comparative features of OFDI from various emerging markets (Del Sol & Kogan 2007; Tolentino 2010). The research questions we aim to answer in this study are:
• Does Chinese and Russian OFDI differ from the OFDI of other counties? • What are the main special features of Chinese and Russian OFDI? and • What are the key determinants of Russian and Chinese FDI exchange?
