MNEs

Regional strategic assets and the location strategies of emerging countries’ multinationals in Europe

Regional strategic assets and the location strategies of emerging countries’ multinationals in Europe

European Planning Studies, 24(4): 645-667

This article is co-authored with Riccardo Crescenzi and Carlo Pietrobelli

This paper explores the location strategies of multinational enterprises (MNEs) from emerging countries (EMNEs) in search for regional strategic assets.The empirical results suggest that EMNEs are attracted by the availability of technological competences only when their subsidiaries pursue more sophisticated and technology-intensive activities.

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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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The New Silk Road

The New Silk Road

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.

 

Multinational enterprises from emerging economies: what theories suggest, what evidence shows. A literature review

Multinational enterprises from emerging economies: what theories suggest, what evidence shows. A literature review

Economia e Politica Industriale 42:3, 343-370

The article is co-authored with Alessia Amighini, Claudio Cozza, Elisa Giuliani and Vittoria Scalera

The phenomenon of Emerging Economy Multinational Enterprises (EMNEs) and their internationalization process have sparked the debate over the appropriateness of International Business theories to study EMNEs’ internationalization processes. The literature has extensively investigated what distinguishes EMNEs from Advanced Country Multinational Enterprises (AMNEs). This review summarizes and discusses some of the issues that have mostly attracted scholarly debate in this research area.

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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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Emerging-market MNEs investing in Europe. A typology of subsidiary global–local connections

Emerging-market MNEs investing in Europe. A typology of subsidiary global–local connections

International Business Review, 23(4): 680-691

The article is co-authored with Elisa Giuliani, Sara Gorgoni and Cristina Guenther.

It empirically investigates how subsidiaries of multinationals from both emerging (EMNEs) and advanced (AMNEs) economies investing in Europe learn from the local context and contribute to it as much as they benefit from it. To explore this we classify the behavior of MNE subsidiaries into different typologies on the basis of how knowledge is transferred within the multinational and on the nature of the local innovative connections. The empirical analysis relies on an entirely new, subsidiary-level dataset in the industrial machinery sector in Italy and Germany. Results show that EMNEs and AMNEs undertake different strategies for tapping into local knowledge and for transferring it within the company. We identify a new typology of EMNE subsidiary that contributes through its significant local innovative efforts to development processes in the host country. This result suggests possible win-win situations from which novel policy implications may be drawn.

The article has been reviewed in the Rising Powers Blog.

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