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03.11.2017 | Research Article

Who Follows Whom? A Location Study of Chinese Private and State-Owned Companies in the European Union

verfasst von: Filip De Beule, Dieter Somers, Haiyan Zhang

Erschienen in: Management International Review | Ausgabe 1/2018

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Abstract

This paper analyses the location decision of Chinese manufacturing firms for their greenfield investments in Europe. The analysis draws on neo-institutional theory to formulate hypotheses on the importance of mimicry in Chinese firms’ location decisions and how this differs between private and state-owned enterprises. The analysis is conducted at the subnational (regional) level while taking into account economic integration across regions. The results confirm the importance of mimicry and show that Chinese firms not only follow previous Chinese investors in the same sector but also in unrelated sectors. Furthermore, Chinese investors only follow previous investments by Chinese private-owned companies while the results also show that Chinese private-owned companies generally have a higher tendency than state-owned companies do to follow prior investment decisions by compatriot firms. As the empirical evidence demonstrates the importance of bandwagon effects, the implication is that investment decisions can have a lasting influence on the geographical pattern of Chinese investments across regions.

Vorheriger Artikel The Decision to Stay or Resign Following an Acquisition by a Chinese or Indian Company

Nächster Artikel How Do the Normativity of Headquarters and the Knowledge Autonomy of Subsidiaries Co-Evolve? Capability-Upgrading Processes of Chinese Subsidiaries in Belgium

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North American Industry Classification System.

Food, Tobacco and Beverages; Chemicals; Electronics; Machinery; Metal; Minerals; Others; Paper, Printing and Wood; Pharmaceuticals; Rubber; Textiles; Transport.

The regression output for these sensitivity analyses have not been included in the interest of space but are available from the authors.

https://www.imf.org/external/pubs/ft/weo/2016/01/weodata/groups.htm.

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Titel: Who Follows Whom? A Location Study of Chinese Private and State-Owned Companies in the European Union
verfasst von: Filip De Beule
Dieter Somers
Haiyan Zhang
Publikationsdatum: 03.11.2017
Verlag: Springer Berlin Heidelberg
Erschienen in: Management International Review / Ausgabe 1/2018
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI: https://doi.org/10.1007/s11575-017-0330-2

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Weitere Artikel der Ausgabe 1/2018

Market Entry Strategies and Performance of Chinese Firms in Germany: The Moderating Effect of Home Government Support

Chinese Multinational Enterprises in Europe and Africa: How do They Perceive Political Risk?

The Decision to Stay or Resign Following an Acquisition by a Chinese or Indian Company

Spatial Dependence of the FDI Entry Mode Decision: Empirical Evidence From Emerging Market Enterprises

Chinese Outward FDI as a Stimulus to Research in International Business

How Do the Normativity of Headquarters and the Knowledge Autonomy of Subsidiaries Co-Evolve? Capability-Upgrading Processes of Chinese Subsidiaries in Belgium

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