CEU Electronic Theses and Dissertations, 2011
| Author | Horvath, Andras |
|---|---|
| Title | Oil and Governance in the Developing World: A Critical Study of Chinese Investments Abroad |
| Summary | This thesis investigates the motors of Chinese foreign equity investments in the oil sector. Hence, it draws on the scholarly literature to identify the major cleavages, that is, the dichotomies surrounding relevant discourse. By merging these dichotomies into an analytical model, this paper draws up three scenarios that could explain why we experience an upsurge in Chinese investments. Government and industry incentives to invest overseas are grouped systematically and their interests assessed separately. Then, the detailed investigation of Chinese energy governance reveals the main sources of conflict between the two and posits that national oil companies (NOCs) have generally managed to push through their interests. Here, many of the grey areas uncovered by secondary sources are valuably complemented by elite and expert interviews conducted in China by the author. Finally, a quantitative analysis underpins the previous findings and, thus, the thesis concludes that the overseas investments of Chinese NOCs are fueled by the principle-agent problem. The oil companies use and abuse government support and the lack of efficient coordination in order to pursue their corporate interests as opposed to wider policy goals. |
| Supervisor | Goldthau, Andreas |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2011/horvath_andras.pdf |
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