nach oben

Asia Pacific Journal of Management

Erschienen in:

15.08.2015

Internationalization within networks: Exploring the relationship between inward and outward FDI in China’s auto components industry

verfasst von: Peter Hertenstein, Dylan Sutherland, John Anderson

Erschienen in: Asia Pacific Journal of Management | Ausgabe 1/2017

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

We explore how the outward FDI strategies of Chinese auto component multinational corporations (MNCs) are shaped by sub-contracting supply relationships established with developed market MNCs. We argue the strong presence of foreign MNC business networks developed through prior inward FDI constitutes an important home country effect influencing the outward FDI strategies of emerging market MNCs. Using the updated internationalization process model, we show how commitment to business networks is a critical mechanism driving the internationalization trajectories of Chinese auto component MNCs. This includes geographic location choices to psychically distant developed markets, strategic asset seeking orientation, pace of internationalization, and entry mode decisions.

Vorheriger Artikel Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions

Nächster Artikel Performance implications of ties to large-scale state-owned enterprises and banks in an emerging economy

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nur mit Berechtigung zugänglich

Buckley, P., Clegg, L., Cross, A., Xin, L., Voss, H., & Ping, Z. 2007. The determinants of Chinese outward foreign direct investment. Journal of International Business Studies, 38(4): 499–518.CrossRef

Buckley, P., & Ghauri, P. 2004. Globalisation, economic geography and the strategy of multinational enterprises. Journal of International Business Studies, 35(2): 81–98.CrossRef

Carney, M. 2005. Globalization and the renewal of Asian business networks. Asia Pacific Journal of Management, 22(4): 337–354.CrossRef

Child, J., & Rodrigues, S. 2005. The internationalization of Chinese firms: A case for theoretical extension?. Management and Organization Review, 1(3): 381–410.CrossRef

Contractor, F. 2013. Punching above their weight. International Journal of Emerging Markets, 8(4): 304–328.CrossRef

Cuervo-Cazurra, A. 2012. Extending theory by analyzing developing country multinational companies: Solving the Goldilocks debate. Global Strategy Journal, 2(3): 153–167.CrossRef

Cui, L., & Jiang, F. 2012. State ownership effect on firms’ FDI ownership decisions under institutional pressure: A study of Chinese outward-investing firms. Journal of International Business Studies, 43(3): 264–284.CrossRef

Datamonitor. 2011. Industry profile: Global automotive manufacturing [online]. http://www.datamonitor.com/, Accessed July 7, 2012.

Deng, P. 2011. The internationalization of Chinese firms: A critical review and future research. International Journal of Management Reviews, 14(4): 408–427.CrossRef

Dicken, P. 2010. Global shift: Mapping the changing contours of the world economy. New York: Sage.

Duanmu, J.-L. 2014. State-owned MNCs and host country expropriation risk: The role of home state soft power and economic gunboat diplomacy. Journal of International Business Studies, 45(8): 1044–1060.CrossRef

Eisenhardt, K., & Graebner, M. 2007. Theory building from cases: Opportunities and challenges. Academy of Management Journal, 50(1): 25–32.CrossRef

European Commission. 2008. Antitrust: Commission fines car glass producers over €1.3 billion for market sharing cartel. http://europa.eu/rapid/press-release_IP-08-1685_en.htm, Accessed Jan. 15, 2015.

Gammeltoft, P., Barnard, H., & Madhok, A. 2010. Emerging multinationals, emerging theory: Macro- and micro-level perspectives. Journal of International Management, 16(2): 95–101.CrossRef

Gao, P. 2006. Supplying auto parts to the world. Mckinsey Quarterly: 53–61.

Ge, G. L., & Wang, H. Q. 2013. The impact of network relationships on internationalization process: An empirical study of Chinese private enterprises. Asia Pacific Journal of Management, 30(4): 1169–1189.CrossRef

Gereffi, G., & Fernandez-Stark, K. 2011. Global value chains: A primer. Center on Globalization, Governance & Competitiveness (CGGC). Durham: Duke University.

Gereffi, G., Humphrey, J., & Sturgeon, T. J. 2005. The governance of global value chains. Review of International Political Economy, 12(1): 78–104.CrossRef

Gibbert, M., Ruigrok, W., & Wicki, B. 2008. What passes as a rigorous case study?. Strategic Management Journal, 29(13): 1465–1474.CrossRef

Hang, Z., Yang, D., Hesheng, G., & Weinan, W. 2011. Automotive industry of China 2011. China: China Association of Automobile Manufacturers and China Automotive Technology & Research Center.

Hennart, J.-F. 2012. Emerging market multinationals and the theory of the multinational enterprise. Global Strategy Journal, 2(3): 168–187.CrossRef

Humphrey, J., & Schmitz, H. 2001. Governance in global value chains. IDS Bulletin, 32(3): 19–29.CrossRef

Johanson, J., & Vahlne, J. 1977. The internationalization process of the firm: A model of knowledge development and increasing foreign market commitment. Journal of International Business Studies, 8(1): 25–34.CrossRef

Johanson, J., & Vahlne, J.-E. 2009. The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership. Journal of International Business Studies, 40(9): 1411–1431.CrossRef

Johanson, J., & Vahlne, J.-E. 2013. The Uppsala model on evolution of the multinational business enterprise—From internalization to coordination of networks. International Marketing Review, 30(3): 189–210.CrossRef

Kaplinsky, R., & Morris, M. 2000. A handbook for value chain research. IDRC International Development Research Center.

Kvale, S., & Brinkmann, S. 2009. Interviews: Learning the craft of qualitative research interviewing. Los Angeles: Sage.

Li, M. H., Cui, L., & Lu, J. 2014. Varieties in state capitalism: Outward FDI strategies of central and local state-owned enterprises from emerging economy countries. Journal of International Business Studies, 45(8): 980–1004.CrossRef

Luo, Y., & Tung, R. L. 2007. International expansion of emerging market enterprises: A springboard perspective. Journal of International Business Studies, 38(4): 481–498.CrossRef

Luo, Y., Xue, Q., & Han, B. 2010. How emerging market governments promote outward FDI: Experience from China. Journal of World Business, 45(1): 68–79.CrossRef

Mathews, J. 2006. Dragon multinationals: New players in 21st century globalization. Asia Pacific Journal of Management, 23(1): 5–27.CrossRef

Meyer, K. E. 2015. What is “strategic asset seeking FDI”?. Multinational Business Review, 23(1): 57–66.CrossRef

Meyer, K. E., & Thaijongrak, O. 2013. The dynamics of emerging economy MNCs: How the internationalization process model can guide future research. Asia Pacific Journal of Management, 40(4): 1125–1153.CrossRef

Narula, R. 2012. Do we need different frameworks to explain infant MNCs from developing countries?. Global Strategy Journal, 2(3): 188–204.CrossRef

Ning, L., & Sutherland, D. 2012. Internationalization of China’s private-sector MNCs: An analysis of the motivations for foreign affiliate formation. Thunderbird International Business Review, 54(2): 169–182.CrossRef

Nolan, P. 2001. China and the global business revolution. New York: Palgrave.CrossRef

Nolan, P. 2012. Is China buying the world?. Cambridge: Polity Press.

OECD. 2012. Mapping global value chains: Policy dialogue on aid for trade. Paris: The OECD Conference Centre.

Ramamurti, R. 2012. What is really different about emerging market multinationals?. Global Strategy Journal, 2(1): 41–47.CrossRef

Saunders, M., Lewis, P., & Thornhill, A. 2007. Research methods for business students, 4th ed. Harlow: Prentice Hall.

Sevestapulo, D. 2014. The Monday interview: Cao Dewang, Chairman of Fuyao Glass. Financial Times: May 24.

Sturgeon, T., Van Biesebroeck, J., & Gereffi, G. 2008. Value chains, networks and clusters: Reframing the global automotive industry. Journal of Economic Geography, 8(3): 297–321.CrossRef

Sutherland, D. 2003. China’s large enterprises and the challenge of late industrialisation. London: RoutledgeCurzon.

Sutherland, D. 2009. Do China’s “national team” business groups undertake strategic-asset-seeking OFDI?. Chinese Management Studies, 3(1): 11–24.CrossRef

Sutherland, D., & Ning, L. 2011. Exploring ‘onward-journey’ ODI strategies in China’s private sector businesses. Journal of Chinese Economic and Business Studies, 9(1): 43–65.CrossRef

UNCTAD. 2011. World investment report: Non-equity modes of international production and development. Geneva: United Nations Conference on Trade and Development.

UNCTAD. 2013. World investment report: Global value chains: Investment and trade for development. Geneva: United Nations Conference on Trade and Development.CrossRef

Van Biesenbroeck, J., & Sturgeon, T. 2010. Effects of the 2008–09 crisis on the automotive industry in developing countries: A global value chain perspective. In O. Cattaneo, G. Gereffi, & C. Staritz (Eds.). Global value chains in a postcrisis world: A development perspective. Washington, DC: The World Bank.

Wang, C., Hong, J., Kafouros, M., & Wright, M. 2012. Exploring the role of government involvement in outward FDI from emerging economies. Journal of International Business Studies, 43(7): 655–676.CrossRef

Williamson, P., & Raman, A. 2013. Cross-border M&A and competitive advantage of Chinese EMNCs. In P. Williamson, R. Ramamurti, A. Fleury, & M. Fleury (Eds.). The competitive advantages of emerging market multinationals. New York: Cambridge University Press.CrossRef

Womack, J., Jones, D., & Roos, D. 1990. The machine that changed the world. New York: Rawson Associates.

Wonacott, P. 2015. China investing in rust-belt companies: Auto-parts maker Wanxiang invests in U.S. partners as its ambitions expand. The Wall Street Journal: http://www.wanxiang.com/wallstreet.html, Accessed Jan. 3, 2015.

Yin, R. 2003. Case study research: Design and methods. London: Sage.

Yiu, D. W. 2011. Multinational advantages of Chinese business groups: A theoretical exploration. Management and Organization Review, 7(2): 249–277.CrossRef

Titel: Internationalization within networks: Exploring the relationship between inward and outward FDI in China’s auto components industry
verfasst von: Peter Hertenstein
Dylan Sutherland
John Anderson
Publikationsdatum: 15.08.2015
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 1/2017
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-015-9422-3

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 1/2017

Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions

Marketized state ownership and foreign expansion of emerging market multinationals: Leveraging institutional competitive advantages

What’s the value in it? Corporate giving under uncertainty

The home country of the MNE: The case of emerging economy firms

Performance implications of ties to large-scale state-owned enterprises and banks in an emerging economy

The influence of CEO relationship-focused behaviors on firm performance: A chain-mediating role of employee relations climate and employees’ attitudes

Premium Partner