Internationalization of Chinese firms in Europe
Zhang, Ying and Filippov, Sergey (2009). Internationalization of Chinese firms in Europe. UNU-MERIT.
Document type:
Report
Collection:
-
Attached Files (Some files may be inaccessible until you login with your UNU Collections credentials) Name Description MIMEType Size Downloads wp2009-041.pdf PDF application/pdf 738.36KB -
Author Zhang, Ying
Filippov, SergeyTitle 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
InternationalizationJEL F23
M10
L62
O3Copyright Holder UNU-MERIT Copyright Year 2009 ISSN 1871-9872 -
Citation counts Search Google Scholar
Access Statistics: 1037 Abstract Views, 622 File Downloads - Detailed Statistics Created: Wed, 11 Dec 2013, 16:36:13 JST