Internationalization of Chinese firms in Europe

Zhang, Ying and Filippov, Sergey (2009). Internationalization of Chinese firms in Europe. UNU-MERIT.

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UNU-MERIT Working Papers

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  • Author Zhang, Ying
    Filippov, Sergey
    Title Internationalization of Chinese firms in Europe
    Publication Date 2009
    Publisher UNU-MERIT
    Abstract Since end of the 1990s, the world has been witnessing a phenomenon of internationalisation of Chinese companies. This internationalisation is often understood through FDI inflows, whereby multinational companies establish their presence in a form of subsidiaries overseas. However, lately many companies (and Chinese firms in particular) started to use strategic alliances and M&As as a pair of tools of internationalisation. Despite the growing body of literature on this topic in the context of advanced western economies, use of strategic alliances in the internationalisation of Chinese firms remains an under-researched topic. In the paper we investigate the potential benefits for Chinese companies to internationalise through strategic alliances and M&As, and specifically in comparison to the traditional forms of outward FDI. By using the data from Thomson SDC database, we specifically focus on the Single European market as a new prospective location for Chinese companies and provide a quantitative overview of Chinese firms’ alliances as well as M&As in Europe. To illustrate the optimal pattern of internalisation of Chinese firms in Europe, we additionally use a case study of Chinese automotive manufacturer Chery Automobile Co. Ltd.
    Keyword Strategic alliances
    Emerging economies
    China
    Europe
    Internationalization
    JEL F23
    M10
    L62
    O3
    Copyright Holder UNU-MERIT
    Copyright Year 2009
    ISSN 1871-9872
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    Created: Wed, 11 Dec 2013, 16:36:13 JST