2018-05 《Understanding Overseas Investment Choices Made by Chinese NOCs：Case Studies of Sudan, Angola and Nigeria》60页

1.Introduction .......................................................................1
1.1 Research Background.......................................................1
1.2 The Institutional Risk Preference Theory............................2
2. Research Design.................................................................4
2.1 Research Methodologies.....................................................4
2.2 Measurement of Variables..................................................5
2.3 Research Relevance.......................................................................7
3. Literature Review.............................................................................9
3.1 Traditional Wisdom on the Role of Institutions in Attracting FDI......................................................................9
3.2 Explaining Institutional Risk Preference...........................................................................................................10
3.2.1 Strategic intents of the central government ...............................................................................................11
3.2.2 Natural resource distortionism ..................................................................................................................14
3.2.3 Institutional similarity................................................................................................................................14
4. Drivers of Venturing Abroad ...............................................................................................................................16
4.1 Profit-seeking Mindset of NOCs.......................................................................................................................16
4.2 Becoming International Players ........................................................................................................................17
4.3 Domestic Demand for Energy Security.............................................................................................................18
5. Case Studies .........................................................................................................................................................20
5.1 Sudan.................................................................................................................................................................21
5.1.1 Background introduction ...........................................................................................................................21
5.1.2 China’s investment in Sudan......................................................................................................................24
5.1.3 Drivers behind investment .........................................................................................................................25
5.2 Angola...............................................................................................................................................................27
5.2.1 Background introduction ...........................................................................................................................27
5.2.2 China’s investment in Angola ....................................................................................................................28
5.2.3 Drivers behind investment .........................................................................................................................31
5.3 Nigeria...............................................................................................................................................................33
5.3.1 Background introduction ...........................................................................................................................33
5.3.2 China’s investment in Nigeria....................................................................................................................36
5.3.3 Drivers behind investment .........................................................................................................................36
6. Influencing Factor Analysis..................................................................................................................................39
6.1 International Competition..................................................................................................................................39
6.2 Institutional Risks..............................................................................................................................................42
6.3 State Strategic Intents........................................................................................................................................43
7. Conclusion..............................................................................................................................................................45