Internationalization Of Chinese Enterprises Research Articles

The impact of the Belt and Road Initiative on green innovation and innovation modes: empirical evidence from Chinese listed enterprises

Under the Belt and Road Initiative (BRI), promoting green innovation in enterprises has been the central focus of the developmental strategy for China and countries along the Belt and Road to ensure sustainable development in line with the UN Sustainable Development Goals (SDGs) related to the environment and development. This paper examines the driving factors and heterogeneous mechanisms of the BRI in green technology innovation, especially in collaborative vs. independent innovation modes, utilizing a multi-period difference-in-difference model (DID) and micro-level panel data of Chinese listed enterprises spanning from 2007 to 2021. We find that the BRI has significantly stimulated the number of green innovations of participating enterprises, primarily through the adoption of collaborative innovation mode, and the BRI policies are more likely to induce green innovation behavior of enterprises with high research and development (R&D), high quality of environmental information disclosure, and non-state-owned enterprises (SOEs), as well as in heavy-polluting industries. The implementation of the BRI has led to increased support from the government, financial institutions, and scientific research organizations to the participating enterprises, which helps alleviate their financial constraints and enhance patent transformation efficiency, and thus facilitate green innovation. These results are robust across different regression specifications. This study contributes to the existing literature on BRI’s environmental impact and green innovation with firm-level evidence, and has important policy implications for the Chinese government when promoting green innovation and internationalization of Chinese enterprises.

Research on the Influencing Factors, Paths and Effects of Chinese Enterprises' Internationalization Strategy

With the contraction of the global economy and the multiple impacts of the epidemic on the world economy, Chinese enterprises are facing a changing international environment and adapting to a different kind of globalization. China insists on the strategy of both "Bringing in" and "Going abroad", and seeks the road of Internationalization through high-level two-way investment and efficient use of global resources and market space. On the topic of Internationalization of Chinese enterprises, many scholars have conducted many fruitful researches and accumulated many research results. This paper searches and collates relevant literature at national and abroad, and constructs a theoretical model of Chinese enterprises' internationalization , that includes three dimensions: influencing factors, entry modes and influencing effects. By reading the relevant literature in these three areas, we find some results, firstly the process of internationalization of firms is influenced by both internal and external factors; internal factors include the diversity of the executive team and the need for firms to innovate, and external factors include government subsidies, the active promotion of global production networks, the passive promotion of industry-specific needs and the need to expand markets. The second internationalization path includes the export access model, the contract access model, and the investment access model. Thirdly the impact effects of firm internationalization include the level of business growth, the level of research and development innovation and the level of dynamic capacity building.

Legitimacy Concerns and Countermeasures of Multinational Enterprises: Taking Yankuang’s M&A in Australia as Evidence

With the continuing integration of global economy, Chinese enterprises speed up the expansion of overseas markets. However, factors such as legal differences, cultural conflicts, political opposition have generated severe legitimacy concerns that Chinese enterprises cannot afford to ignore in their internationalization. Such legitimacy concerns pose a huge challenge and substantially hinder the pace of internationalization of Chinese enterprises. But the current research mainly focuses on the acquirement of organization legitimacy, with little attention paid to the responding strategies of firms under legitimacy concerns. Such research gaps not only seriously hinder our understanding of factors leading to those legitimacy concerns against Chinese enterprises in host countries, but also bring practical losses to the internationalization of Chinese enterprises. This thesis aims to address those research gaps. This study contributes to the legitimacy literature by discovering various factors shaping legitimacy concerns of international Chinese enterprises and their corresponding legitimizing strategies. With the triangulation data focused on legitimacy research from Factiva and through Yankuang Group's overseas M&A in Australia, this thesis finds that firms identify various factors leading to their unique level of legitimacy concerns and adopt distinguishing responding strategies corresponding to those legitimacy concerns. In addition, this thesis provides implications to other international Chinese enterprises by building a framework of "Legitimacy Concerns-Countermeasures-Suggestions".

Research on the Path of Internationalization Development of Chinese Herbal Medicine Industry: A Literature Review

The Chinese herbal medicine industry covered by the concept of traditional Chinese medicine has made great progress in China. How to go abroad and play its unique medical role on the world stage with the help of the east wind of the "the Belt and Road" is the core of this paper. Up to now, most of the theoretical research on the internationalization of Chinese enterprises and traditional Chinese medicine enterprises is to comment on the adaptability and theoretical transformation of the internationalization theory of foreign scholars to the internationalization of enterprises. The relevant research mainly focuses on the two dimensions of internationalization entry mode and business form. By combing many management and internationalization theories, this paper hopes to extend the scheme combination in line with the international development of Chinese herbal medicine industry on the basis of existing theories, which has a certain reference significance for the international development of Chinese herbal medicine industry.

Confucius Institute, Belt and Road Initiative, and Internationalization

In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that Confucius Institute has had a positive effect on Chinese CMA in general and such an effect is stronger in Belt-Road countries, especially after the Belt and Road Initiative was launched in 2013. Our results suggest that the earlier the host country joins the Belt and Road Initiative, the stronger is the interactive effect of CI and Belt and Road Initiative. Moreover, we show that Confucius Classroom, a related program also positively affects the Chinese CMA in the context of Belt and Road Initiative. These findings are robust to controlling for the endogeneity of reverse causality and sample selection bias.

Confucius Institute, Belt and Road Initiative, and Internationalization

In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that the Confucius Institute has had a positive effect on Chinese CMA in general and that this effect has become stronger in Belt-Road countries after the Belt and Road Initiative was launched in 2013. Our results suggest that the earlier the host country joins the Belt and Road Initiative, the stronger is the interactive effect of CI and Belt and Road Initiative. Moreover, we show that the Confucius Classroom, a related program, also positively affects Chinese CMA in the context of the Belt and Road Initiative. These findings are robust to controlling for endogeneity and sample selection biases.

R&D internationalization of Chinese enterprises and innovation performance:Based on the survey data of enterprises at the China International Industry Fair 2016-2018

R&D internationalization of Chinese enterprises and innovation performance:Based on the survey data of enterprises at the China International Industry Fair 2016-2018

A review of the internationalization of Chinese enterprises

This article reviews the scholarly research on the internationalization of Chinese enterprises (ICE) through bibliometric citation analysis. We do so through a data visualization technique and analysis of 206 articles which are authored by 382 scholars in 72 different journals published between 2003 and 2016. The results reveal four research streams in the context of ICE: (1) testing traditional FDI theory, (2) location choice, (3) entry mode choice, and (4) drivers and motivations of internationalization. While international business (IB) journals, such as the Journal of World Business, the Journal of International Business Studies, and International Business Review, have taken a lead role in pushing the ICE literature stream forward, geographically focused general management journals, such as the Asia Pacific Journal of Management and Management & Organization Review, have also made a singular contribution. The impact of perspective, in terms of author and institution affiliation, on the literature set is also examined. Finally, issues related to data, methodological rigor and theoretical underpinnings are highlighted. To advance the ICE literature, we proposed a holistic framework of drivers and motivations of Chinese outward FDI and present some promising future research areas.

Research on the Internationalized Operation Strategy of Small and Medium-Sized Enterprises in China in the New Era

The international operation of small and medium-sized enterprises is the development of the small and medium-sized enterprise to a certain stage of the objective needs, and it is the important sign of the small and medium-sized enterprise to mature. With the deepening of economic globalization, the pace of internationalization of Chinese enterprises to gradually accelerate. This paper analyzes the existing problems of the international operation of small and medium-sized enterprises in China from the aspects of talents, capital, independent intellectual property rights, and then analyzes brands, localization operation, information construction and other aspects of China's small and medium-sized international business development strategy.

WHAT MOTIVATES FIRMS FROM EMERGING ECONOMIES TO GO INTERNATIONALIZATION?

With advent of economic globalization, internationalization has become one of the most important strategies for firms to achieve sustainable growth. Based on the empirical research in the Yangtze River Delta region in China, the method of Correspondence Analysis was employed to study the motivations for going internationalization of Chinese enterprises. The main findings include: (1) the motivations for internationalization of enterprises depend on their scale, and largesized enterprises are mainly motivated by the purpose of creating global brands and enhancing domestic reputation; (2) the ownership of enterprises has obvious influence on their motivations for going internationalization, and (3) enterprises in different industries also show different levels of motivation for internationalization.

Political risk, cultural distance, and outward foreign direct investment: Empirical evidence from large Chinese firms

The internationalization of Chinese enterprises is a subject that is receiving increasing attention in international business research. This paper analyzes the influence of political risk and cultural distance on the location patterns of large Chinese companies. Our results show some characteristics that differ from the conventional wisdom. A high political risk in the host country does not discourage Chinese multinationals. However, from a more conventional point of view, the presence of overseas Chinese in the host country is positively associated with Chinese outward foreign direct investment (FDI). In addition, firm size and the volume of Chinese exports to the host country have a positive influence.

Ventajas de aplicar la triangulación empresarial entre España, China y América Latina. Una relación win-win para todos los polos

Spain can play an important role in the process of internationalization of Chinese enterprises in Europe and Latin America thanks to the historical experience of Spanish multinationals in these regions. Given the good tune existing in the diplomatic relations between Spain and China, if Spain takes advantage of its privileged position compared to other European economies, China might be interested in getting the support of Spain in Latin America, thereby facilitating the implementation of cooperation initiatives among the three poles. The key points to build a win-win partnership, based on a triangular scheme, is the importance of a local partner for the Chinese enterprises in their expansion in Latin America, in addition to the expertise and know-how needed in business processes, being the Spanish companies the best positioned in these areas.