“…Unlike developed economies, where the 'rules of the game' are well developed (Peng, 2002), the institutional framework in emerging countries is often local context specific. Institutional constraints at home and in host countries (Dunning & Lundan, 2008;Peng, Wang, & Jiang, 2008) influence the strategic behaviour of EMNEs (Cui & Jiang, 2010;Buckley, Munjal, Enderwick & Forsans, 2016b). For instance, OFDI by Chinese MNEs requires approval by several Chinese authorities, and only those investment projects in line with the catalogue of 'encouraged' OFDI and in strict accord with government policies are allowed (Buckley et al, 2007;Pei & Zheng, 2015;.…”