Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy

No 2014/27: Chinese and Indian Multinationals: A Firm-Level Analysis of their Investments in Europe

Vito Amendolagine (), Claudio Cozza () and Roberta Rabellotti ()
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Vito Amendolagine: Dipartimento di Scienze Politiche Sociali – Università di Pavia
Claudio Cozza: Dipartimento di Scienze Economiche, Aziendali, Matematiche e Statistiche- Università di Trieste
Roberta Rabellotti: Dipartimento di Scienze Politiche Sociali – Università di Pavia

Abstract: In this paper we aim to contribute to the literature on Chinese and Indian multinationals investing in Europe, through an empirical investigation of their identity and characteristics and the association between these features and their international business strategies. The investigation exploits 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. Finally, very large size characterizes companies that invest in more than country.

Keywords: China; India; FDI; firm-level data; MNEs

JEL-codes: F21; F23

23 pages, December 15, 2014

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201427_Amendolagine_et_al.pdf PDF-file 

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