![]() ![]() Findings from such studies do not always represent the universal features of the paths of Chinese MNEs’ internationalization. On the other hand, it’s difficult to avoid the problem of bias that arises in the case studies and questionnaire methods. They have especially ignored three dimensions of firms’ internationalization (market location, entry mode and entry speed). On the one hand, previous studies lack a longitudinal research design addressing the internationalization of Chinese MNEs. Some findings regarding the paths of internationalization of Chinese MNEs from are based on a case study, other research focused on only one dimension within the choice of entry mode or the choice of foreign market. ![]() Įven though the internationalization of Chinese MNEs has attracted researchers from the field of international business, organization and strategic management, the hypothesis and discovery of the theory are mainly based on the study of the entry mode choice, market location choice or the influence of internationalization on the firms’ performance. However, the paths of internationalization of Chinese MNEs seem to defy the fundamental theories of mainstream internationalization. Hence, the rapid growth and the large scale of China’s overseas investment have aroused the interest of researchers, business managers, and policy decision-makers, and have brought about more research on this subject. Between 20, China witnessed a 68.5% annual growth in outward foreign direct investment (OFDI) flow and has been the second-largest capital export country, surpassed only by the United States, since 2015. Furthermore, with the comprehensive promotion of “One Belt One Road” initiative policy, the Chinese MNEs accelerated the layout of international strategy in the world map. The outward FDI by the Chinese MNEs has been playing an increasingly important role all over the world since the implementation of “go out” policy in 2001. Internationalization of production and operation across national boundaries is the inevitable choice of enterprises’ development, and internationalization will provide sustainable growth for the firm in the global market. In the past three decades, outward foreign direct investment activities have gradually become a regular option for the development strategy of the Chinese multinational enterprises (MNEs) under the new state of economic globalization. Finally, we discuss these contributions and make some suggestions for future research. (3) This tendency and paths choice of internationalization in entry mode, market location and entry speed are influenced by the international experience, the multidimensional proximity, psychic distance, internationalization motivation, ownership structure, and innovation ability. When these firms expand the business in developing countries, the entry mode of export is most likely to be chosen and the acquisition is least likely to be chosen. (2) When these firms conduct investment activities in developed countries, the probability rank (from high to low) of entry mode choice is acquisition, along with the wholly-owned subsidiary, exporting and joint venture. The results show that: (1) Chinese innovative enterprises are more likely to choose developing countries than developed countries. Drawing on an unbalanced panel of Chinese innovative enterprises’ outward foreign direct investment (OFDI) event data, we analyzed the tendency of the paths of internationalization of Chinese innovative enterprises and the determining factors that influence the Chinese innovative enterprises’ choice in entry mode, market location, and entry speed. Some unique characteristics of Chinese innovative enterprises are creating new ideas that help to a better understanding of entry mode choice, market location choice, and entry speed in the paths of internationalization. Innovative enterprises from emerging markets, such as China, are a group of understudied enterprises, which could generate new and important views on internationalization.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |