Template-type: ReDIF-Paper 1.0
Author-Name: Zhang, Ying
Author-Email: zhang@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Author-Name: Filippov, Sergey
Author-Email: filippov@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Title: Internationalization of Chinese firms in Europe
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.
Classification-JEL: F23, M10, L62, O32
Keywords: strategic alliances, emerging economies, China, Europe, internationalisation
Series: UNU-MERIT Working Papers
Creation-Date: 2009
Number: 2009-041
File-URL: https://unu-merit.nl/publications/wppdf/2009/wp2009-041.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2009041