In spite of the extensive literature regarding the relationship between corporate internationalization and performance, questions still remain due to conflicting empirical results. Is this due to the diversity of the ...In spite of the extensive literature regarding the relationship between corporate internationalization and performance, questions still remain due to conflicting empirical results. Is this due to the diversity of the conceptualization of international profile？ The results of statistical non-parametric tests obtained from a sample of 68 Euronext 100 companies over the period 2005-2009 point to a different relationship, between internationalization and performance, depending on whether the extent of international activities or their dispersion is considered.展开更多
Nowadays,China has become the country that introduces the largest amount of foreign capital.Up to June 2008,the accumulative total number of foreign- invested enterprises in China is over 632 thousand:the total amount...Nowadays,China has become the country that introduces the largest amount of foreign capital.Up to June 2008,the accumulative total number of foreign- invested enterprises in China is over 632 thousand:the total amount of actual use of foreign capital is over US$582 billion.There are over 400 multination- als of top 500 investing in China,30 of which set up regional headquarters。展开更多
Chinese hi-tech multinationals strengthen their technological competitiveness in their internationalization process. Their strategic emphasis on cooperation with academic institutes to develop professional knowledge i...Chinese hi-tech multinationals strengthen their technological competitiveness in their internationalization process. Their strategic emphasis on cooperation with academic institutes to develop professional knowledge is an important yet underexplored issue in the extant literature. Based on the comparison between a pair of hi-tech companies--HUAWEI from China and CISCO from the US, this study analyzes the process of technological evolution of the former during 1998-2014, which ihas already become one of strategic solutions for Chinese multinationals （CMNE） to catch up with traditional counterparts in technological field. This study contributes to the present theory of CMNE by disclosing the Firm-University Cooperation （FUC） strategy, as well as its significance and implications for later-corner＇s catch-up trajectory in international business.展开更多
Past research has suggested that diplomacy can play a significant role as a mechanism to pave the way for multinational enterprises(MNEs)in foreign countries.Drawing on the international political economy perspective,...Past research has suggested that diplomacy can play a significant role as a mechanism to pave the way for multinational enterprises(MNEs)in foreign countries.Drawing on the international political economy perspective,this article analyzes the influence of the diplomatic activities of the Chinese government on the location of Chinese MNEs.It develops several hypotheses regarding the influence of three essential tools in the Chinese government's current diplomatic agenda:high-level visits by the Chinese President,the establishment of Confucius Institutes,and the Belt and Road Initiative(BRI).The empirical analysis is based on a sample of 972 country-year observations from 2013 to 2021.The results show that high-level government visits and Confucius Institutes positively impacted the location of China's outward foreign direct investments,with the effect being lower in BRI countries.The impact of Confucius Institutes was higher for state-owned enterprises.展开更多
Using an internationally linked patent database, this paper compares the types of R ＆D activities undertaken by multinationals in China by home country and industry. In China, multinationals recently began investing ...Using an internationally linked patent database, this paper compares the types of R ＆D activities undertaken by multinationals in China by home country and industry. In China, multinationals recently began investing in R＆D, mainly in the areas of product and manufacturing process development. However, US firms, which are the most actively invested in R＆D, are involved in some technology-driven R＆D activities; European firms are inclined toward market-driven R ＆D, while Japanese firms, which lag behind the other two, focus on production-driven R ＆D. This pattern may be related to the relative competitiveness of each country： Japanese firms are strong in electronics and automobiles, where production process improvement is important, while US firms flourish in science-based industries, such as pharmaceuticals and software, where interacting with the local science base is a critical factor.展开更多
This text examines how globalization has reshaped global economic dynamics,emphasizing its role in weakening nation-states and fueling trade conflicts.It argues that globalization,driven by multinational corporations(...This text examines how globalization has reshaped global economic dynamics,emphasizing its role in weakening nation-states and fueling trade conflicts.It argues that globalization,driven by multinational corporations(MNCs),financial deregulation,and supranational organizations,has eroded state sovereignty by shifting power to global actors whose interests transcend national borders.The rise of trade conflicts-manifested in disputes over subsidies,dumping,market access barriers,and geopolitical tensions-is traced to the clash between liberalized trade policies and states’efforts to protect domestic industries and social cohesion.The World Trade Organization(WTO)is analyzed as a key institution for resolving disputes,though its mechanisms face criticism for bias toward wealthy nations,procedural inefficiencies,and an inability to address systemic issues like currency manipulation or environmental degradation.Case studies(e.g.,agricultural subsidies,US-Japan trade deficits)illustrate the complexities of modern trade wars.The text concludes with recommendations for reforming global governance,including strengthening the WTO’s authority,addressing power imbalances,integrating social and environmental standards,and enhancing developing nations’capacity to negotiate.Ultimately,it underscores the paradox of globalization:while driving growth,it exacerbates inequalities and destabilizes traditional state-centric frameworks.展开更多
As global economic integration accelerates,countries are strengthening tax transparency and information exchange.Policies such as the OECD’s BEPS Action Plan,digital services taxes,and a global minimum effective tax ...As global economic integration accelerates,countries are strengthening tax transparency and information exchange.Policies such as the OECD’s BEPS Action Plan,digital services taxes,and a global minimum effective tax rate have been introduced,posing increasingly severe compliance and risk challenges for multinational enterprises.Building on an analysis of the evolution and trends of international tax policy,this paper combines literature review with case study analysis to examine how multinational firms can,on a compliant basis,leverage legislative and policy tools,optimize organizational structures,and arrange transfer pricing to achieve effective tax planning.We then propose an internal control framework encompassing tax risk identification,early warning,and monitoring.Our findings indicate that by dynamically adjusting group structures,judiciously applying double non‐taxation treaties,and deploying digital monitoring systems,enterprises can significantly improve planning efficiency while reducing noncompliance costs.Finally,we offer recommendations for enhancing internal governance,strengthening cross‐border coordination,and responding to policy changes,providing both theoretical guidance and practical reference for the stable development of multinational enterprises.展开更多
In the spring of 2025,the annual China Development Forum(CDF)once again sent out new signals.During the meeting,representatives from many multinational corporations expressed their willingness to increase investment i...In the spring of 2025,the annual China Development Forum(CDF)once again sent out new signals.During the meeting,representatives from many multinational corporations expressed their willingness to increase investment in China,hoping to keep pace with the Chinese market and work with Chinese enterprises to create a broader future.展开更多
This paper takes global manufacturing listed companies from 2010 to 2022 as samples and uses the difference-in-differences(DID)method to empirically examine the impact of the internationalization of ESG standards on t...This paper takes global manufacturing listed companies from 2010 to 2022 as samples and uses the difference-in-differences(DID)method to empirically examine the impact of the internationalization of ESG standards on the trade competitiveness of multinational enterprises and their mechanisms.The research finds that the internationalization of ESG standards significantly enhances the trade competitiveness of multinational manufacturing enterprises,and this effect is dynamic and sustainable.The mechanism analysis indicates that the internationalization of ESG standards exerts its influence through three pathways:reducing enterprise financing costs,promoting technological innovation,and enhancing brand reputation.The heterogeneity analysis shows that this effect is more significant in enterprises from developed countries,high-pollution industries,and larger enterprises.This paper provides micro-level evidence for understanding the economic consequences of the internationalization of ESG standards and offers policy implications for multinational enterprises to cope with the global ESG rule changes and enhance their trade competitiveness.展开更多
Central China, initially overlooked by many foreign investors as being too far from the ports in Tianjin, Shanghai and Shenzhen, is emerging as an essential destination for multinationals in China.The Future of Centra...Central China, initially overlooked by many foreign investors as being too far from the ports in Tianjin, Shanghai and Shenzhen, is emerging as an essential destination for multinationals in China.The Future of Central China: A Provincial Roadmap There is a huge manufacturing drive in central China. Businesses are moving inland to set up projects, investments and operations here, primarily due to lower labor and land costs as well as preferential policies for manufacturers. Multinational companies also are starting to view the region as the next step toward an integrated China strategy, and the consumer population in the second-and third-tier cities in central China represents a growing, largely untapped domestic market for foreign products and services.展开更多
The World Economic Forum’s Annual Meeting of the New Champions 2010,or the "Summer Davos," was held in north China’s Tianjin Municipality from September 13-15 under the theme "Driving Growth Through S...The World Economic Forum’s Annual Meeting of the New Champions 2010,or the "Summer Davos," was held in north China’s Tianjin Municipality from September 13-15 under the theme "Driving Growth Through Sustainability."展开更多
Central China, initially overlooked by many foreign investors as being too far from the ports in Tianjin, Shanghai and Shenzhen,is emerging as an essential destination for multinationals in China.While still lagging s...Central China, initially overlooked by many foreign investors as being too far from the ports in Tianjin, Shanghai and Shenzhen,is emerging as an essential destination for multinationals in China.While still lagging significantly be-hind the coast, the six central provinces of Anhui, Henan, Hubei, Hunan,展开更多
Foreign direct investment （FDI） can benefit domestic firms in the host country. Using firm- level data for China, we find statistically positive vertical spillover effects of multinational enterprises on the perform...Foreign direct investment （FDI） can benefit domestic firms in the host country. Using firm- level data for China, we find statistically positive vertical spillover effects of multinational enterprises on the performance of domestic firms through backward and forward supplier- customer relationships. The spillover effects are mainly from large multinational enterprises and are greater for state-owned firms and in poor regions. Our results are robust for both parametric regression and nonparametric matching techniques. Our findings have strong policy implications： while regulations relating to building business relationships with domestic firms when seeking foreign direct investment should be established, such policies should be aimed at private firms, big multinationals and less developed regions.展开更多
This paper investigates the R＆D motivations of various multinationals operating in China, drawing on a large-scale, firm-level dataset of official Chinese statistics on science and technology activities. The present ...This paper investigates the R＆D motivations of various multinationals operating in China, drawing on a large-scale, firm-level dataset of official Chinese statistics on science and technology activities. The present study shows that R＆D efforts in China have intensified for bothJbreign-owned and domestic firms, but less so for foreign-owned firms, perhaps because foreign-owned firms tend to operate on a foundation of technological capabilities developed within their home countries. Statistical analysis confirms that the major motivations for foreign R＆D in China are production-driven, not market-driven or technology-driven. Nevertheless, one sees significant variations in foreign R＆D strategies from region to region. Guangdong is characterized by production-driven R＆D. In Beijing, R＆D strategies tend to take a technology-driven approach, drawing on the clusters of scienl（fic institutions. In Shanghai, the R＆D efforts of multinationals tend to focus on support for market-driven R＆D,展开更多
文摘In spite of the extensive literature regarding the relationship between corporate internationalization and performance, questions still remain due to conflicting empirical results. Is this due to the diversity of the conceptualization of international profile？ The results of statistical non-parametric tests obtained from a sample of 68 Euronext 100 companies over the period 2005-2009 point to a different relationship, between internationalization and performance, depending on whether the extent of international activities or their dispersion is considered.
文摘Nowadays,China has become the country that introduces the largest amount of foreign capital.Up to June 2008,the accumulative total number of foreign- invested enterprises in China is over 632 thousand:the total amount of actual use of foreign capital is over US$582 billion.There are over 400 multination- als of top 500 investing in China,30 of which set up regional headquarters。
文摘Chinese hi-tech multinationals strengthen their technological competitiveness in their internationalization process. Their strategic emphasis on cooperation with academic institutes to develop professional knowledge is an important yet underexplored issue in the extant literature. Based on the comparison between a pair of hi-tech companies--HUAWEI from China and CISCO from the US, this study analyzes the process of technological evolution of the former during 1998-2014, which ihas already become one of strategic solutions for Chinese multinationals （CMNE） to catch up with traditional counterparts in technological field. This study contributes to the present theory of CMNE by disclosing the Firm-University Cooperation （FUC） strategy, as well as its significance and implications for later-corner＇s catch-up trajectory in international business.
文摘Past research has suggested that diplomacy can play a significant role as a mechanism to pave the way for multinational enterprises(MNEs)in foreign countries.Drawing on the international political economy perspective,this article analyzes the influence of the diplomatic activities of the Chinese government on the location of Chinese MNEs.It develops several hypotheses regarding the influence of three essential tools in the Chinese government's current diplomatic agenda:high-level visits by the Chinese President,the establishment of Confucius Institutes,and the Belt and Road Initiative(BRI).The empirical analysis is based on a sample of 972 country-year observations from 2013 to 2021.The results show that high-level government visits and Confucius Institutes positively impacted the location of China's outward foreign direct investments,with the effect being lower in BRI countries.The impact of Confucius Institutes was higher for state-owned enterprises.
文摘Using an internationally linked patent database, this paper compares the types of R ＆D activities undertaken by multinationals in China by home country and industry. In China, multinationals recently began investing in R＆D, mainly in the areas of product and manufacturing process development. However, US firms, which are the most actively invested in R＆D, are involved in some technology-driven R＆D activities; European firms are inclined toward market-driven R ＆D, while Japanese firms, which lag behind the other two, focus on production-driven R ＆D. This pattern may be related to the relative competitiveness of each country： Japanese firms are strong in electronics and automobiles, where production process improvement is important, while US firms flourish in science-based industries, such as pharmaceuticals and software, where interacting with the local science base is a critical factor.
文摘This text examines how globalization has reshaped global economic dynamics,emphasizing its role in weakening nation-states and fueling trade conflicts.It argues that globalization,driven by multinational corporations(MNCs),financial deregulation,and supranational organizations,has eroded state sovereignty by shifting power to global actors whose interests transcend national borders.The rise of trade conflicts-manifested in disputes over subsidies,dumping,market access barriers,and geopolitical tensions-is traced to the clash between liberalized trade policies and states’efforts to protect domestic industries and social cohesion.The World Trade Organization(WTO)is analyzed as a key institution for resolving disputes,though its mechanisms face criticism for bias toward wealthy nations,procedural inefficiencies,and an inability to address systemic issues like currency manipulation or environmental degradation.Case studies(e.g.,agricultural subsidies,US-Japan trade deficits)illustrate the complexities of modern trade wars.The text concludes with recommendations for reforming global governance,including strengthening the WTO’s authority,addressing power imbalances,integrating social and environmental standards,and enhancing developing nations’capacity to negotiate.Ultimately,it underscores the paradox of globalization:while driving growth,it exacerbates inequalities and destabilizes traditional state-centric frameworks.
文摘As global economic integration accelerates,countries are strengthening tax transparency and information exchange.Policies such as the OECD’s BEPS Action Plan,digital services taxes,and a global minimum effective tax rate have been introduced,posing increasingly severe compliance and risk challenges for multinational enterprises.Building on an analysis of the evolution and trends of international tax policy,this paper combines literature review with case study analysis to examine how multinational firms can,on a compliant basis,leverage legislative and policy tools,optimize organizational structures,and arrange transfer pricing to achieve effective tax planning.We then propose an internal control framework encompassing tax risk identification,early warning,and monitoring.Our findings indicate that by dynamically adjusting group structures,judiciously applying double non‐taxation treaties,and deploying digital monitoring systems,enterprises can significantly improve planning efficiency while reducing noncompliance costs.Finally,we offer recommendations for enhancing internal governance,strengthening cross‐border coordination,and responding to policy changes,providing both theoretical guidance and practical reference for the stable development of multinational enterprises.
文摘In the spring of 2025,the annual China Development Forum(CDF)once again sent out new signals.During the meeting,representatives from many multinational corporations expressed their willingness to increase investment in China,hoping to keep pace with the Chinese market and work with Chinese enterprises to create a broader future.
文摘This paper takes global manufacturing listed companies from 2010 to 2022 as samples and uses the difference-in-differences(DID)method to empirically examine the impact of the internationalization of ESG standards on the trade competitiveness of multinational enterprises and their mechanisms.The research finds that the internationalization of ESG standards significantly enhances the trade competitiveness of multinational manufacturing enterprises,and this effect is dynamic and sustainable.The mechanism analysis indicates that the internationalization of ESG standards exerts its influence through three pathways:reducing enterprise financing costs,promoting technological innovation,and enhancing brand reputation.The heterogeneity analysis shows that this effect is more significant in enterprises from developed countries,high-pollution industries,and larger enterprises.This paper provides micro-level evidence for understanding the economic consequences of the internationalization of ESG standards and offers policy implications for multinational enterprises to cope with the global ESG rule changes and enhance their trade competitiveness.
文摘Central China, initially overlooked by many foreign investors as being too far from the ports in Tianjin, Shanghai and Shenzhen, is emerging as an essential destination for multinationals in China.The Future of Central China: A Provincial Roadmap There is a huge manufacturing drive in central China. Businesses are moving inland to set up projects, investments and operations here, primarily due to lower labor and land costs as well as preferential policies for manufacturers. Multinational companies also are starting to view the region as the next step toward an integrated China strategy, and the consumer population in the second-and third-tier cities in central China represents a growing, largely untapped domestic market for foreign products and services.
文摘The World Economic Forum’s Annual Meeting of the New Champions 2010,or the "Summer Davos," was held in north China’s Tianjin Municipality from September 13-15 under the theme "Driving Growth Through Sustainability."
文摘Central China, initially overlooked by many foreign investors as being too far from the ports in Tianjin, Shanghai and Shenzhen,is emerging as an essential destination for multinationals in China.While still lagging significantly be-hind the coast, the six central provinces of Anhui, Henan, Hubei, Hunan,
基金financial support from the Fulbright Scholarship and the Graduate Academic Research and Innovation Foundation of the University of International Business and Economics(Project:A20110122)
文摘Foreign direct investment （FDI） can benefit domestic firms in the host country. Using firm- level data for China, we find statistically positive vertical spillover effects of multinational enterprises on the performance of domestic firms through backward and forward supplier- customer relationships. The spillover effects are mainly from large multinational enterprises and are greater for state-owned firms and in poor regions. Our results are robust for both parametric regression and nonparametric matching techniques. Our findings have strong policy implications： while regulations relating to building business relationships with domestic firms when seeking foreign direct investment should be established, such policies should be aimed at private firms, big multinationals and less developed regions.
文摘This paper investigates the R＆D motivations of various multinationals operating in China, drawing on a large-scale, firm-level dataset of official Chinese statistics on science and technology activities. The present study shows that R＆D efforts in China have intensified for bothJbreign-owned and domestic firms, but less so for foreign-owned firms, perhaps because foreign-owned firms tend to operate on a foundation of technological capabilities developed within their home countries. Statistical analysis confirms that the major motivations for foreign R＆D in China are production-driven, not market-driven or technology-driven. Nevertheless, one sees significant variations in foreign R＆D strategies from region to region. Guangdong is characterized by production-driven R＆D. In Beijing, R＆D strategies tend to take a technology-driven approach, drawing on the clusters of scienl（fic institutions. In Shanghai, the R＆D efforts of multinationals tend to focus on support for market-driven R＆D,
