Chinese and Indian MNEs’ shopping spree in advanced countries. How good is it for their innovation output?

1 - 03 - 2017 in Featured Presentations, Presentations Tags: China, Emerging Countries, India, MNEs

Chinese and Indian MNEs’ shopping spree in advanced countries. How good is it for their innovation output?

On 17th March I gave a seminar at IKE Innovation, Knowledge and Economic Dynamics Research Group – Aalborg University. The paper was previously presented also at the SIEPI Conference in Palermo, at GREDEG in Nice, at CICALICS Workshop in Beijing, at the 10th China Goes Global Conference in Macerata, at the workshop “Creating Leading Edge Technical Competencies in Chinese Companies – Innovation and Globalization” at the University of Gothenburg and at UNUMerit in Maastricht.

Do Chinese State-Owned and private Enterprises Differ in their Internationalization Strategies?

1 - 12 - 2016 in Featured Publications, Journal Articles, Publications Tags: China, FDI

5 most highly cited in China Economic Review, 27: 312-325

The article is co-authored with Alessia Amighini and Marco Sanfilippo.

We empirically analyse the host country determinants of Chinese outward foreign direct investments (FDI) for the years 2003 to 2011, using disaggregated data by country and industry. Our aim is to assess the relevance of market seeking, resource seeking and strategic asset-seeking motivations as suggested by the theory on host country determinants of FDI.

Local Innovation and Global Value Chains in Developing Countries

23 - 09 - 2016 in Presentations Tags: China, Emerging Countries, Global Value Chain, Innovation

Local Innovation and Global Value Chains in Developing Countries

In August I gave a lecture at CICALICS Academy in Beijing.

Building up Innovation Capabilites in China: The Role of Outward Foreign Direct Investments

15 - 04 - 2016 in Featured Presentations, Presentations Tags: China, Innovation, MNEs

Building up Innovation Capabilites in China: The Role of Outward Foreign Direct Investments

On the 11th of April at Queen Mary University of London I gave a keynote speech at the Conference on Local Context and Challenges of Innovation in China.

Chinese and Indian Multinationals: A Firm-level Analysis of their Investments in Europe

15 - 11 - 2015 in Featured Publications, Journal Articles Tags: China, FDI, India, MNEs

Global Economic Review, 44, 4: 452-469

This article is co-authored with Vito Amendolagine and Claudio Cozza

We study Chinese and Indian multinationals investing in Europe investigating their identity, their characteristics and the association between their features and their international strategies. In relation to the mode of entry, we find that greenfield investments are a more likely option for large-sized companies. Moreover a high propensity for innovation is associated with a high probability to enter with an acquisition and with technological asset-seeking investments.

Do acquisitions boost patents? An empirical analysis on Chinese and Indian Emerging Market Multinationals

10 - 11 - 2015 in Featured Presentations, Presentations Tags: Catch up, China, India, Innovation, Patents

Do acquisitions boost patents? An empirical analysis on Chinese and Indian Emerging Market Multinationals IB Research Seminar – Henley Business School

On 22h October 2015 I presented a paper at the IB Research Seminar Series

Is Co-Invention Expediting Technological Catch Up? A Study of Collaboration between Emerging Country Firms and EU Inventors

7 - 10 - 2015 in Featured Publications, Journal Articles Tags: Brazil, Catch up, China, India, Innovation, Patents

World Development 77, 16: 192-205

The article is co-authored with Elisa Giuliani and Arianna Martinelli

Growing internationalization constitutes an opportunity for technological catch up. In this paper we analyze Brazilian, Indian, and Chinese cross-border inventions with EU-27 inventors. Our results suggest that these inventions represent an opportunity for emerging country firms to accumulate technological capabilities, access frontier knowledge, and appropriate the property rights of co-inventions.

The New Silk Road

21 - 09 - 2015 in Articles, Media Tags: China, FDI, MNEs, Multinationals

The impact of outward FDI on the performance of Chinese Firms featured in The Economist

The article on The impact of outward FDI on the performance of Chinese Firms co-authored with Claudio Cozza and Marco Sanfilippo has been featured in The Economist, September 12th 2015.

The impact of outward FDI on the performance of Chinese Firms

7 - 09 - 2015 in Featured Publications, Journal Articles, Publications Tags: China, Emerging Countries, FDI

China Economic Review 36, December, 42-57

The article is co-authored with Claudio Cozza and Marco Sanfilippo

This paper investigates the effects on Chinese firms of Outward FDI into advanced European countries. The results provide robust evidence supporting the view that China‟s OFDI so far have had a positive impact on domestic activities in enhancing firms‟ productivity and scales of operation, measured by sales and employment. Featured in The Economist, September 12th 2015.

The Location Strategies of Multinationals from Emerging Countries in the EU Regions

7 - 03 - 2015 in Featured Publications, Publications, Working Papers Tags: China, Emerging Countries, Europe, FDI, India, MNEs

UNU-MERIT Working Papers #2015-009

with Riccardo Crescenzi and Carlo Pietrobelli

This paper looks at the location choices of MNEs in the European Union (EU-25) regions and unveils that EMNEs follow distinctive location strategies. Their attraction into large regional markets is similar to AMNEs as well as their irresponsiveness to efficiency seeking motives. Conversely, the most knowledge-intensive investments respond mainly to strategic assets and the agglomeration of foreign investments in the same business functions.

Chinese and Indian Multinationals: A Firm-Level Analysis of their Investments in Europe

20 - 12 - 2014 in Featured Publications, Working Papers Tags: China, Emerging Countries, FDI, India

Papers in Innovation Studies #27 CIRCLE – Lund University

with Vito Amendolagine and Claudio Cozza

In this paper we undertake an empirical analysis of Chinese and Indian FDIs in Europe to investigate their identity and characteristics and the association between these features and their international business strategies. We exploit a dataset at the level of the investing firms. In relation to mode of entry, we find that the greenfield is a more likely option for large-sized companies, and that weak propensity for innovation is associated with a low probability to enter through a merger or acquisition. A high propensity for innovation is related to asset-seeking FDI, while high profitability is needed to invest in the core EU countries.

The impact of outward FDI on the performance of Chinese multinationals

4 - 12 - 2014 in Featured Publications, Working Papers Tags: China, Emerging Countries, FDI

BOFIT Discussion Papers 24 • 2014

with Claudio Cozza and Marco Sanfilippo

Using a new firm-level database, EMENDATA, this paper investigates the effects on Chinese multinational enterprises of Outward FDI (OFDI) into advanced European countries. Propensity score matching is combined with a difference-in-difference estimator to reduce the problems of self-selection of treated firms in foreign markets. The results provide robust evidence in support of the view that China’s OFDI had so far a positive impact on domestic activities in enhancing firms’ productivity and scales of operation.