Chinese multinationals and entry mode choice: institutional, transaction and firm-specific factors

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Title: Chinese multinationals and entry mode choice: institutional, transaction and firm-specific factors
Authors: Quer, Diego | Claver-Cortés, Enrique | Rienda, Laura
Research Group/s: Dirección Estratégica de Empresas en China e India (CHINDIA) | Dirección Estratégica, Conocimiento e Innovación en una Economía Global (DECI-GLOBAL)
Center, Department or Service: Universidad de Alicante. Departamento de Organización de Empresas
Keywords: FDI ownership decision | Chinese firms | Determining factors
Knowledge Area: Organización de Empresas
Issue Date: Mar-2012
Publisher: Brill Academic Publishers
Citation: QUER RAMÓN, Diego; CLAVER CORTÉS, Enrique; RIENDA GARCÍA, Laura. “Chinese multinationals and entry mode choice: institutional, transaction and firm-specific factors”. Frontiers of Business Research in China. Vol. 6, No. 1 (March 2012). ISSN 1673-7326, pp. 1-24
Abstract: Foreign direct investment (FDI) ownership decision is one of the most researched topics in the international business literature. However, little is known about the extent to which this knowledge can be applied to emerging-economy multinationals. Building on the institutional, transaction cost and resource-based view perspectives, this paper analyzes the determining factors of FDI mode choice between wholly-owned subsidiary (WOS) and joint venture (JV) by Chinese firms. Based on a sample of 139 outward FDI decisions made by large Chinese firms between 2002 and 2009, our results show certain characteristics that differ from the conventional wisdom of the multinational enterprise (MNE). A host country's political risk and cultural distance do not affect FDI ownership decisions of Chinese MNEs, while firm size is negatively related with WOS. However, from a more conventional point of view, technological intensity of the industry is positively associated with WOS.
URI: http://hdl.handle.net/10045/21965
ISSN: 1673-7326 (Print) | 1673-7431 (Online)
DOI: 10.3868/s070-001-012-0001-6
Language: eng
Type: info:eu-repo/semantics/article
Peer Review: si
Publisher version: http://dx.doi.org/10.3868/s070-001-012-0001-6
Appears in Collections:INV - CHINDIA - Artículos de Revistas
INV - DECI-GLOBAL - Artículos de Revistas

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