Firm heterogeneity and location choice of Chinese Multinational Enterprises (MNEs)
Duanmu, J-L (2012) Firm heterogeneity and location choice of Chinese Multinational Enterprises (MNEs) Journal of World Business, 47 (1). 64 - 72. ISSN 1090-9516
|PDF - Accepted Version |
Available under License : See the attached licence file.
Official URL: http://dx.doi.org/10.1016/j.jwb.2010.10.021
Using data on 194 location choices in 32 countries for a decade, we investigated locational determinants of Chinese Multinational Enterprises (MNEs). We found that State-Owned MNEs, compared to their peers without controlling state equity, are less concerned about political risk of the host country, but more responsive to favorable exchange rate between Chinese RMB and the host currency. Strategic intent of Chinese MNEs affects their location choice in a way that manufacturing oriented investment, compared to trading subsidiaries, is more attracted to countries with large market size and more deterred by high cost structure of the host country.
|Additional Information:||NOTICE: this is the author’s version of a work that was accepted for publication in Journal of World Business. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of World Business, 47 (1), January 2012, DOI 10.1016/j.jwb.2010.10.021.|
|Divisions:||Faculty of Business, Economics and Law > Surrey Business School|
|Deposited By:||Symplectic Elements|
|Deposited On:||27 Jan 2012 15:28|
|Last Modified:||16 Mar 2013 14:33|
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