Multinational enterprises (MNEs) play a dominant role in the international business (IB) literatu... more Multinational enterprises (MNEs) play a dominant role in the international business (IB) literature. Traditionally, by far the majority of IB studies deal with issues at the micro level of the individual MNE, or at the meso level of a sample of individual MNEs in industries. This paper focuses on the impact of MNE behavior through foreign direct investment (FDI) on a country’s international trade, and vice versa. In so doing, this study responds to a recent plea for more macro‐level studies in IB into the effect of MNE behavior on the macroeconomic performance of countries as a whole, particularly developing and emerging economies. In the current study, we focus on the largest developing or emerging economy of all: China. Applying sophisticated econometric techniques, we unravel the causality and direction of FDI‐trade linkages for the Chinese economy in the 1980‐2003 period.
Although the importance of digital technology has been recognized in the entrepreneurship literat... more Although the importance of digital technology has been recognized in the entrepreneurship literature, we know relatively little about how and to what extent it influences a nation’s entrepreneurial activities. Drawing on the concept of entrepreneurial ecosystem, this study developed a conceptual model to explain the impact of digital technology on national entrepreneurship and the interactions between digital technology and other ecosystem elements. The hypotheses are tested by using unbalanced panel data of 101 countries from 2001 to 2018. The empirical results show that the level of digital technology is positively associated with the output of national entrepreneurial ecosystems, and this positive relationship is strengthened in nations with a supportive culture, high-quality institutions, supportive policies, accessible resources, and well-developed service industries. The findings highlight the importance of digital technology, provide fresh insights into the interdependence be...
About half of China's overseas acquisition attempts have not been completed; the chance of su... more About half of China's overseas acquisition attempts have not been completed; the chance of success is much lower than worldwide. This study provides an overview of China's overseas acquisition, and investigates the reasons behind the low likelihood that an acquisition deal is completed. By using a sample that consists of 1,324 overseas acquisition attempts by Chinese firms, the study found that multi-level determinants influence the outcome of China's overseas acquisitions. Based on the findings, we conclude that the distinctive social and economic environment of acquirers; ownership and low competitiveness of these acquirers; lack of global experience; and sensitiveness of the industry all hamper Chinese acquisition deals.
China's investments in the European Union are much lower than what you may expect given the e... more China's investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage in the medium and long term. The investments in Europe and the United States are mostly market seeking investments. Research specifically focused on Chinese M&A abroad comes to the same conclusion. The success rate of Chinese M&A abroad is much lower than what we see with respect to American or European investments abroad. In this paper, we examine why Chinese firms are facing more difficulties in the European Union than in other regions. The paper focuses on Chinese M&A as proxy for total foreign direct investments abroad. By looking at the factors that have been documented as influencing the level of M&A abroa...
China’s investments in the European Union are much lower than what you may expect given the econo... more China’s investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage
ABSTRACT China's position in the world economy during the past half-century provides vita... more ABSTRACT China's position in the world economy during the past half-century provides vital information for investigating the relation between politics and trade. Although there is a substantial number of studies in this area, the current study extends the literature in at least three ways: (1) it is one of the first studies that investigates the problem of a potential sample selection bias—as a result of the fact that countries taken up in the analysis are not randomly sampled from all countries in the world; (2) it considers third-country effects that follow from the fact that China's relation with any two countries is affected by the relation between these countries themselves; and (3) it tests the impact of five political arrangements simultaneously, which is more comprehensive than any former study. By using data as to 78 of China's trade partners over the 1950–2002 period, this study provides empirical evidence for the hypotheses that the establishment of diplomatic relations, cooperation, visits of heads of states and political system similarity are associated with greater trade flows. The hypothesis that member countries of a Preferential Trading Agreement have had smaller trade flows with China, which is no member of any of these Preferential Trading Agreements, is not supported by the results.
Globalization’s impact on the world economy has made it one of the most popular points of discuss... more Globalization’s impact on the world economy has made it one of the most popular points of discussion in the past two decades. It not only causes drastic changes in trade relations, capital flows and tourist flows across the world but also creates a web of connections between national economies. No country can escape from this influence, and no country intends
... Market-seeking FDI may substitute for trade, whilst efficiency-seeking FDI may facilitate tra... more ... Market-seeking FDI may substitute for trade, whilst efficiency-seeking FDI may facilitate trade. ... variables but geographical distance should be included to explain this effect (Rice et al. ... Third, intra-industry trade could occur in weight-gaining products be-tween bordering countries ...
... We focus on the case of China, because the determinants of success of acquisitions from a ...... more ... We focus on the case of China, because the determinants of success of acquisitions from a ... This measure is obtained through the approach of factor analysis, which identifies the latent structure of ... in total imports of a host on the one hand and the percentage China represents of ...
This study provides an in-depth analysis of the determinants of import demand in China through a ... more This study provides an in-depth analysis of the determinants of import demand in China through a multilevel approach. Using disaggregated data over 1996–2008 and a dynamic panel model, we find that the Chinese import market is predominantly characterized by quality competition. However, the nature of the competition varies across different industries. In line with theory, quality plays an important role
This study sets up an integrative framework to analyse the determinants of a region's intern... more This study sets up an integrative framework to analyse the determinants of a region's international inbound tourism. Meanwhile, the competition and complimentarity between regions are also examined in the same framework. This study concludes that development level, openness, tourism resources, tourism facilities and tourism organisation are all positively associated to a region's international tourism receipts. In addition, the spatial effects
Multinational enterprises (MNEs) play a dominant role in the international business (IB) literatu... more Multinational enterprises (MNEs) play a dominant role in the international business (IB) literature. Traditionally, by far the majority of IB studies deal with issues at the micro level of the individual MNE, or at the meso level of a sample of individual MNEs in industries. This paper focuses on the impact of MNE behavior through foreign direct investment (FDI) on a country’s international trade, and vice versa. In so doing, this study responds to a recent plea for more macro‐level studies in IB into the effect of MNE behavior on the macroeconomic performance of countries as a whole, particularly developing and emerging economies. In the current study, we focus on the largest developing or emerging economy of all: China. Applying sophisticated econometric techniques, we unravel the causality and direction of FDI‐trade linkages for the Chinese economy in the 1980‐2003 period.
Although the importance of digital technology has been recognized in the entrepreneurship literat... more Although the importance of digital technology has been recognized in the entrepreneurship literature, we know relatively little about how and to what extent it influences a nation’s entrepreneurial activities. Drawing on the concept of entrepreneurial ecosystem, this study developed a conceptual model to explain the impact of digital technology on national entrepreneurship and the interactions between digital technology and other ecosystem elements. The hypotheses are tested by using unbalanced panel data of 101 countries from 2001 to 2018. The empirical results show that the level of digital technology is positively associated with the output of national entrepreneurial ecosystems, and this positive relationship is strengthened in nations with a supportive culture, high-quality institutions, supportive policies, accessible resources, and well-developed service industries. The findings highlight the importance of digital technology, provide fresh insights into the interdependence be...
About half of China's overseas acquisition attempts have not been completed; the chance of su... more About half of China's overseas acquisition attempts have not been completed; the chance of success is much lower than worldwide. This study provides an overview of China's overseas acquisition, and investigates the reasons behind the low likelihood that an acquisition deal is completed. By using a sample that consists of 1,324 overseas acquisition attempts by Chinese firms, the study found that multi-level determinants influence the outcome of China's overseas acquisitions. Based on the findings, we conclude that the distinctive social and economic environment of acquirers; ownership and low competitiveness of these acquirers; lack of global experience; and sensitiveness of the industry all hamper Chinese acquisition deals.
China's investments in the European Union are much lower than what you may expect given the e... more China's investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage in the medium and long term. The investments in Europe and the United States are mostly market seeking investments. Research specifically focused on Chinese M&A abroad comes to the same conclusion. The success rate of Chinese M&A abroad is much lower than what we see with respect to American or European investments abroad. In this paper, we examine why Chinese firms are facing more difficulties in the European Union than in other regions. The paper focuses on Chinese M&A as proxy for total foreign direct investments abroad. By looking at the factors that have been documented as influencing the level of M&A abroa...
China’s investments in the European Union are much lower than what you may expect given the econo... more China’s investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage
ABSTRACT China's position in the world economy during the past half-century provides vita... more ABSTRACT China's position in the world economy during the past half-century provides vital information for investigating the relation between politics and trade. Although there is a substantial number of studies in this area, the current study extends the literature in at least three ways: (1) it is one of the first studies that investigates the problem of a potential sample selection bias—as a result of the fact that countries taken up in the analysis are not randomly sampled from all countries in the world; (2) it considers third-country effects that follow from the fact that China's relation with any two countries is affected by the relation between these countries themselves; and (3) it tests the impact of five political arrangements simultaneously, which is more comprehensive than any former study. By using data as to 78 of China's trade partners over the 1950–2002 period, this study provides empirical evidence for the hypotheses that the establishment of diplomatic relations, cooperation, visits of heads of states and political system similarity are associated with greater trade flows. The hypothesis that member countries of a Preferential Trading Agreement have had smaller trade flows with China, which is no member of any of these Preferential Trading Agreements, is not supported by the results.
Globalization’s impact on the world economy has made it one of the most popular points of discuss... more Globalization’s impact on the world economy has made it one of the most popular points of discussion in the past two decades. It not only causes drastic changes in trade relations, capital flows and tourist flows across the world but also creates a web of connections between national economies. No country can escape from this influence, and no country intends
... Market-seeking FDI may substitute for trade, whilst efficiency-seeking FDI may facilitate tra... more ... Market-seeking FDI may substitute for trade, whilst efficiency-seeking FDI may facilitate trade. ... variables but geographical distance should be included to explain this effect (Rice et al. ... Third, intra-industry trade could occur in weight-gaining products be-tween bordering countries ...
... We focus on the case of China, because the determinants of success of acquisitions from a ...... more ... We focus on the case of China, because the determinants of success of acquisitions from a ... This measure is obtained through the approach of factor analysis, which identifies the latent structure of ... in total imports of a host on the one hand and the percentage China represents of ...
This study provides an in-depth analysis of the determinants of import demand in China through a ... more This study provides an in-depth analysis of the determinants of import demand in China through a multilevel approach. Using disaggregated data over 1996–2008 and a dynamic panel model, we find that the Chinese import market is predominantly characterized by quality competition. However, the nature of the competition varies across different industries. In line with theory, quality plays an important role
This study sets up an integrative framework to analyse the determinants of a region's intern... more This study sets up an integrative framework to analyse the determinants of a region's international inbound tourism. Meanwhile, the competition and complimentarity between regions are also examined in the same framework. This study concludes that development level, openness, tourism resources, tourism facilities and tourism organisation are all positively associated to a region's international tourism receipts. In addition, the spatial effects
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