India

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

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

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

Chinese and Indian multinationals are continuously expanding their operations in Europe and the USA through cross-border acquisitions (CBAs), with the aim of tapping into international knowledge located in target firms and innovative hubs. In this article published in the Journal of Economic Geography with Amendolagine, Giuliani and Martinelli, we look into the innovative impacts that CBAs have on the acquiring multinational enterprises.

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

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

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.

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

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

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.

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

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

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.

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

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

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.

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

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

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.

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Chinese and Indian M&As in Europe: The relationship between motive and ownership choice

CIRCLE WP, 3, University of Lund, Lund. Forthcoming in The Routledge Companion to Merger and Acquisition; A. Risberg, D. King and O. Meglio (Eds); Routledge, London.

With L. Piscitello and V. Scalera

The present paper is about the ownership choices by Emerging Market Multinational Enterprises (EMNEs) when they invest in Europe through M&As, and the relationship with the main motivations underlying their international expansion. Namely, we claim that EMNEs prefer to acquire less control and keep the local partner when they invest for seeking knowledge. Additionally, EMNEs choose partial acquisitions in case of high dissimilarity in terms of culture, industry and knowledge base.
Our empirical analysis relies on a dataset of M&As undertaken by Chinese and Indian MNEs in high and medium-high tech sectors, in the period 2003-2011. We use content analysis of public announcements and company reports for classifying the main motivation of the acquisitions, and econometric analysis for testing our hypotheses. Our results confirm the expectations.

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