A retrospective and agenda for future research on Chinese outward foreign direct investment

Abstract

This is a repository copy of A retrospective and agenda for future research on Chinese outward foreign direct investment.

A geographic relational perspective on the internationalization of emerging market firms

“…We focus on the perspectives in five review articles (Alon et al, 2018;Deng, 2012Deng, , 2013Jormanainen & Koveshnikov, 2012;Luo & Zhang, 2016). We supplement the reviews by examining several salient articles that appeared after the reviews were published (Buckley et al, 2018;Li, Yi, & Cui, 2017;Luo & Tung, 2018;Sun, Peng, Lee, & Tan, 2015). In this step, we pay attention to the language used, the logics employed, and any emergent inconsistencies between the focal literature and other related literature.…”

“…Given their genesis and inherent dichotomy between country-specific advantages and firm-specific advantages (Hennart, 2012), they are less likely to adequately explain the behavior of EMFs. Although recent studies have striven to make internalization theory more dynamic and more behavior-oriented (Buckley et al, 2018;Verbeke & Kano, 2015), they tend to overlook spatial and temporal dimensions (Beugelsdijk, McCann, & Mudambi, 2010;Iammarino & McCann, 2013). In addition, as these theories view transaction costs and factor markets as primary explanatory variables, they are characterized by static analyses (Schotter, Mudambi, Doz, & Gaur, 2017), without looking into dynamic contextual influences (Child & Marinova, 2014).…”

Establishment mode choice by Chinese firms in Latin America: The role of host country‐specific experience and government official visits

“…We focused on emerging economies as home and host markets. By using this specific research context, our study contributes to the current epistemological debate on the applicability of extant theories, mainly drawn from developed‐country MNEs, for explaining the less conventional behavior of emerging‐market MNEs reported by prior studies (Buckley et al, ). In doing so, we follow the view by Cuervo‐Cazurra () who suggests, beyond the dichotomy between traditional and new theories, the study of emerging‐market MNEs allows to extend theory.…”

“…These positive effects of Chinese government official visits may be even more evident in other emerging economies such as those of Latin America (Quer, Rienda, Andreu, & Miao, ). During high‐profile state visits by China's leaders to developing countries, China has signed wide‐ranging bilateral economic cooperation agreements along with the granting of China's development aids generally allocated to infrastructure projects in the focal host country (Buckley et al, ). For that reason, we argue the legitimacy concerns by the host government derived from the acquisition of a local target can be alleviated in emerging economies by means of such diplomatic activities.…”

Chinese Outward FDI as a Stimulus to Research in International Business

“…The ''Go Global'' agenda introduced to promote Chinese OFDI abroad (Buckley et al 2017a(Buckley et al , 2018) is an intrinsic part of state capitalism within China. Following the announcement of the Go Global strategy, regional forums were established in Central and Eastern Europe, and elsewhere, to foster new international economic relationships with China, and to encourage Chinese firms to identify overseas partners in these economies.…”