Multinacionales chinas¿cómo influyen los factores institucionales en sus patrones de localización?
-
1
Universitat d'Alacant
info
ISSN: 1131-6837
Year of publication: 2011
Volume: 11
Issue: 2
Pages: 77-88
Type: Article
More publications in: Management Letters / Cuadernos de Gestión
Abstract
Este artículo analiza la influencia de diversos factores institucionales del país de destino sobre los patrones de localización de 29 grandes multinacionales chinas. A partir de una muestra de 127 decisiones de inversión directa en el exterior (IDE) en 52 países, nuestros resultados indican que una mayor dificultad a la hora de hacer negocios y un elevado riesgo político no condicionan sus decisiones de entrada. No obstante, la presencia de personas de etnia china en el país de destino, un mayor tamaño absoluto del mercado y un mayor volumen de exportaciones chinas hacia ese país influyen positivamente.
Bibliographic References
- BROUTHERS, K.D. (2002): “Institutional, cultural and transaction cost influences on entry mode choice and performance”, Journal of International Business Studies, Vol. 33, No. 2, pp. 203-221.
- BUCKLEY, P,J.; CLEGG, L.J.; CROSS, A.R.; LIU, X.; VOSS, H. Y ZHENG, P. (2007): “The determinants of Chinese foreign direct investment”, Journal of International Business Studies, Vol. 38, No. 4, pp. 499-518.
- BUNYARATAVEJ, K. Y HAHN, E.D. (2007): “Outward foreign direct investments from China: Theory and determinants”, AIB 2007 Annual Meeting, Indianapolis.
- CHEN, H. Y HU, M.Y. (2002): “An analysis of entry mode and its impact on performance”, International Business Review, Vol. 11, No. 2, pp. 193-210.
- CHILD, J. Y RODRIGUES, S.B. (2005): “The internationalization of Chinese firms: A case for theoretical extension?”, Management and Organization Review, Vol. 1, No. 3, pp. 381-410.
- CUI, L. Y JIANG, F. (2009): “FDI entry mode choice of Chinese firms: A strategic behavior perspective”, Journal of World Business, Vol. 44, No. 4, pp. 434-444.
- CUI, L. Y JIANG, F. (2010): “Behind ownership decision of Chinese outward FDI: Resources and institutions”, Asia Pacific Journal of Management, Vol. 27, Nº 4, pp. 751-774.
- FORTUNE (2008): Fortune Global 500 (2008 edition), New York, Time Inc.’s Fortune/Money Group.
- GARCÍA-CANAL, E. Y GUILLÉN, M.F. (2008): “Risk and the strategy of foreign location choice in regulated industries”, Strategic Management Journal, Vol. 29, No. 10, pp. 1097-1115.
- GLOBERMAN, S. Y SHAPIRO, D. (2009): “Economic and strategic considerations surrounding Chinese FDI in the United States”, Asia Pacific Journal of Management, Vol. 26, No. 1, pp. 163-183.
- HENISZ, W.J. (2003): “The power of the Buckley and Casson thesis: The ability to manage institutional idiosyncrasies”, Journal of International Business Studies, Vol. 34, No. 2, pp. 173-184.
- HOFSTEDE, G. (1980): Culture´s consequences. International differences in work-related values, Newbury Park, Sage Publications.
- HONG, E. Y SUN, L. (2006): “Dynamics of internationalization and outward investment: Chinese corporations´ strategies”, The China Quarterly, No. 187, pp. 610-634.
- JIMÉNEZ, A. Y DURÁN, J.J. (2009): “La responsabilidad social de la empresa multinacional española frente al riesgo político de los países de destino: ¿Amenaza u oportunidad?”, Revista de Responsabilidad Social de la Empresa, No. 3, pp. 131-158.
- KOGUT, B. Y SINGH, H. (1988): “The effect of national culture on the choice of entry mode”, Journal of International Business Studies, Vol. 19, No. 3, pp. 411-432.
- LUO, Y. Y TUNG, R.L. (2007): “International expansion of emerging market enterprises: A springboard perspective”, Journal of International Business Studies, Vol. 38, No. 4, pp. 481-498.
- MADHOK, A. (1997): “Cost, value and foreign market entry mode: The transaction and the firm”, Strategic Management Journal, Vol. 18, No. 1, pp. 39-61.
- MALHOTRA, S. Y ZHU, P.C. (2009): “Determinants and valuation impact of cross-border acquisitions by firms from China and India”, AIB 2009 Annual Meeting, San Diego.
- MATHEWS, J.A. (2006): “Dragon multinationals: New players in 21st century globalization”, Asia Pacific Journal of Management, Vol. 23, No. 1, pp. 5-27.
- MEYER, K.E.; ESTRIN, S.; BHAUMIK, S.K. Y PENG, M.W. (2009): “Institutions, resources, and entry strategies in emerging economies”, Strategic Management Journal, Vol. 30, No. 1, pp. 61-80.
- MOFCOM (2010): 2009 Statistical bulletin of China´s outward foreign direct investment, Beijing, Ministry of Commerce.
- MOFCOM (2009): Total import & export value by country (region), Beijing, Ministry of Commerce.
- MORCK, R.; YEUNG, B. Y ZHAO, M. (2008): “Perspectives on China sÌ outward foreign direct investment”, Journal of International Business Studies, Vol. 39, No. 3, pp. 337-350.
- OHIO UNIVERSITY (2009): Distribution of the ethnic Chinese population around the world, Ohio University Library and the Shao Center.
- PANGARKAR, N. Y YUAN, L. (2009): “Location in internationalization strategy: Determinants and consequences”, Multinational Business Review, Vol. 17, No. 2, pp. 37-68.
- PENG, M.W.; WANG, D.Y.L. Y JIANG, Y. (2008): “An institution-based view of international business strategy: A focus on emerging economies”, Journal of International Business Studies, Vol. 39, No. 5, pp. 920-936.
- PRS (2009): International Country Risk Guide (ICRG), The Political Risk Services Group.
- QUER, D.; CLAVER, E. Y RIENDA, L. (2007): “Multinacionales chinas. El nuevo reto del escenario global”, Boletín Económico de ICE, No. 2925, pp. 11-24.
- RUI, H. Y YIP, G.S. (2008): “Foreign acquisitions by Chinese firms: A strategic intent perspective”, Journal of World Business, Vol. 43, No. 2, pp. 213-226.
- UN STATISTICS DIVISION (2009): National accounts main aggregates database, United Nations Statistics Division.
- UNCTAD (2010): World Investment Report 2010. Investing in a low-carbon economy, New York and Geneva, UNCTAD.
- WORLD BANK (2008): Doing Business 2009, Washington, The World Bank.
- YOUNG, S.; HUANG, C.H. Y MCDERMOTT, M. (1996): “Internationalization and competitive catch-up processes: Case study evidence on Chinese multinational enterprises”, Management International Review, Vol. 36, No. 4, pp. 295-314.