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Foreign Subsidiary Ownership Structure of Chinese MNCs: A Case Study Approach

Cui, Lin; Jiang, Fuming

Description

This paper examines ownership decision of Chinese outward foreign direct investment (FDI) with a focus on the choice between a wholly owned subsidiary and a joint venture entry mode. Based on literature review and findings from our case study of ten Chinese outward investing firms, we develop a conceptual framework that integrates the resource-based and institution-based views of international business strategy. The framework reflects special characteristics of Chinese outward FDI. On the...[Show more]

dc.contributor.authorCui, Lin
dc.contributor.authorJiang, Fuming
dc.coverage.spatialBrisbane Australia
dc.date.accessioned2015-12-07T22:25:05Z
dc.date.createdApril 16-18 2009
dc.identifier.isbn9780646523590
dc.identifier.urihttp://hdl.handle.net/1885/21110
dc.description.abstractThis paper examines ownership decision of Chinese outward foreign direct investment (FDI) with a focus on the choice between a wholly owned subsidiary and a joint venture entry mode. Based on literature review and findings from our case study of ten Chinese outward investing firms, we develop a conceptual framework that integrates the resource-based and institution-based views of international business strategy. The framework reflects special characteristics of Chinese outward FDI. On the resource side, Chinese outward FDI is both asset exploiting and asset augmenting, and accordingly, both transaction costs and strategic intents have an impact on the FDI ownership decision of Chinese firms. On the institution side, when investing overseas, Chinese firms adjust their entry strategies to attain regulative and normative institutional legitimacy in host countries. Meanwhile, they also need to comply with the rules set by Chinese government, which provides incentives to and imposes restrictions on Chinese firms' FDI ownership decisions.
dc.publisherAustralian and New Zealand International Business Academy (ANZIBA)
dc.relation.ispartofseriesAustralia and New Zealand International Business Academy Conference 2009
dc.sourceThe Future of Asia-Pacific Business: Beyond the crisis: Proceedings of the ANZIBA Conference 2009
dc.source.urihttp://www.anziba.org/conferences_events/past_events
dc.titleForeign Subsidiary Ownership Structure of Chinese MNCs: A Case Study Approach
dc.typeConference paper
local.description.notesImported from ARIES
local.description.refereedYes
dc.date.issued2009
local.identifier.absfor150205 - Investment and Risk Management
local.identifier.ariespublicationu4745358xPUB15
local.type.statusPublished Version
local.contributor.affiliationCui, Lin, College of Business and Economics, ANU
local.contributor.affiliationJiang, Fuming, College of Business and Economics, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage26
dc.date.updated2015-12-07T09:31:57Z
CollectionsANU Research Publications

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