What Competitive Advantages Do Chinese Multinational Corporations Have in Global Markets?
For a decade since the “going global” strategy was initiated in 1999, the Chinese enterprises have been making high profile forays into foreign markets so that China has emerged as one of the most significant sources of outward foreign direct investment (OFDI) in the world. While many studies in the literature investigate various aspects of China’s OFDI, little work has been devoted to investigate what unique advantages Chinese multinational corporations (MNCs) possess. Especially no studies have provided comprehensive and systematic analyses of sources of such advantages. This paper tends to close the gap by identifying China’s firm-specific and country- specific advantages (FSAs and CSAs), based on a well-designed framework. The main findings are as follows: (a) while FSAs possessed by Chinese MNCs are growing and increasing strong, they are limited in comparison with developed-country MNCs; (b) the most important competiveness of Chinese MNCs comes from CSAs, especially for large SOEs, and ? like OFDI from developed countries, some Chinese MNCs are advantage-utilizing, while most of them are the type of advantage-seeking OFDI due to their weak FSAs.
Outward foreign direct investment (OFDI) Multinational enterprises (MNEs) Country-specific advantages (CSAs) Firm-specific advantages (FSAs)
Kevin H. Zhang
Department of Economics, Illinois State University, Normal, IL 61790 -4200, USA
国内会议
第三届国际投资论坛——中国跨国公司的成长与培育：理论、环境与模式会议
北京
英文
332-352
2012-06-03（万方平台首次上网日期，不代表论文的发表时间）