Chinese Outward FDI as a Stimulus to Research in International Business

Clegg, L. Jeremy; Voss, Hinrich

doi:10.1007/s11575-017-0341-z

Cited by 10 publications

(7 citation statements)

References 29 publications

(30 reference statements)

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“…First, prior studies have only examined the performance of the acquiring firms, totally ignoring that of the target ones. Recent studies have suggested that, in addition to caring about their own growth, the acquiring EMNCs should also consider that of their target firms (Clegg & Voss, 2018). Second, prior studies have often measured post‐acquisition performance by a single yardstick, such as stock market reaction (e.g., cumulative abnormal returns), ignoring the fact that M&As involve a process (Jemison & Sitkin, 1986), and that acquisition performance is a multi‐dimensional construct (Cording, Christman, & Weigelt, 2010; Meglio & Risberg, 2011).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

Yang

2021

Thunderbird Intl Bus Rev

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This article examines the characteristics and performance of cross‐border mergers and acquisitions (M&As) conducted by Chinese firms in the high‐tech industries. Multiple measures of firm performance were used in exploring the profitability and innovativeness of both the acquiring and target firms. With 1,340 cross‐border M&As completed between 1990 and 2014, the major characteristics of these deals (e.g., industries of acquiring firms, countries of target firms, and the level of ownership) were identified. In terms of the performance of acquiring and target firms, the value creation hypothesis was supported by the innovation measure; however, it was not supported by accounting‐based measures. The implications of this study and directions for future research are thus discussed.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

Yang

2021

Thunderbird Intl Bus Rev

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“…In addition, investment projects in developed economies with a large PD may be related to the direct or indirect involvement of a government (Buckley et al, 2008). Under the protection of the home country government and support of stateowned capital, SOEs may feel overconfident about foreign investment (Clegg and Voss, 2018), thus ignoring potential threats or the expansion of PD. Therefore, in emerging economies, state ownership may weaken the influence of PD on OFDI by firms.…”

Section: 22mentioning

confidence: 99%

Psychic distance and outward foreign direct investment: the moderating effect of firm heterogeneity

Chen

Zhan

Yang

et al. 2020

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PurposeThis study investigates the effect of psychic distance (PD) on outward foreign direct investment (OFDI) by multinational firms originating in emerging economies and the moderating effect of firm heterogeneity on this relationship.Design/methodology/approachAn empirical analysis based on a negative binomial regression model is conducted using OFDI data from 2008 to 2017 on companies listed on the Shanghai and Shenzhen Stock Exchanges in China, an emerging economy.FindingsThe results suggest a U-shaped relationship between PD and OFDI by firms in emerging economies. Both executive foreign experience and state ownership negatively moderate the U-shaped relationship between PD and OFDI.Practical implicationsEmerging economies should encourage and guide multinational firms in engaging in OFDI and emphasize the advantages and disadvantages of PD for multinational firms. Additionally, non-sate-owned firms should recruit those who have a foreign education to provide support for OFDI by firms in emerging economies. Multinational firms should determine investment locations by consulting with executives with foreign experience to improve their ability to engage in OFDI.Originality/valueThis study combines macro and micro perspectives and integrates PD and firm heterogeneity into the same model with a sample of multinational firms originating in China. The findings support the existence of a PD paradox, which helps to enriching the theory on foreign direct investment.

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“…Huawei is besides Lenovo, ZTE, TCL, and Haier, one of the Chinese enterprises that intensely and successfully engaged in foreign direct investment (FDI) in both developed and developing countries, particularly after 2001 when the Chinese government implemented its Go Global Policy (Cui & Jiang, 2012). Much of these FDI activities of Chinese enterprises led to discussions and controversial views about benefits and exploitation (Clegg & Voss, 2018). Against this background, a detailed look at Chinese MNEs' international engagements in the context of sustainable development brings novel and interesting insights on the relationship between business and sustainability.…”

Section: The Case Of Huaweimentioning

confidence: 99%

The Role of Multinational Enterprises in Achieving Sustainable Development - The Case of Huawei

Berning¹

2019

EJSD

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The aim of this paper is to investigate the relationship between business and sustainable development, particularly the role of multinational enterprises (MNEs) as possible driving force for achieving sustainability. By following an inductive case study approach and referring to the Sustainable Development Goals (SDGs) of the United Nations, the sustainable undertakings of the Chinese MNE Huawei are explored. Published data on Huawei’s website and online resources like annual reports, news announcements, sustainability and corporate social responsibility reports are used for this purpose. The main findings indicate that Huawei can promote sustainable development internationally on three different levels: (1) products/services, (2) business operations and (3) social contributions. Based on these findings, a systematic framework is derived to help illustrate possible and classify existing MNE’s sustainability activities, as well as the related main stakeholders. This paper is useful for scholars and practitioners alike as it shows the compatibility of success in business with sustainability, as well as the potential of MNEs to contribute to sustainable development. Keywords: Sustainable Development Goals, business, multinational enterprises, emerging markets

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Chinese Outward FDI as a Stimulus to Research in International Business

Cited by 10 publications

References 29 publications

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

Psychic distance and outward foreign direct investment: the moderating effect of firm heterogeneity

The Role of Multinational Enterprises in Achieving Sustainable Development - The Case of Huawei

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