{"title":"Economic complexity and the global asset-seeking strategies of Chinese multinationals","authors":"A. Ascani, Paula Prenzel","doi":"10.1080/13662716.2022.2088335","DOIUrl":null,"url":null,"abstract":"ABSTRACT This article investigates the role of economic complexity in capturing asset-seeking motives and strategies of global knowledge accumulation by analysing the location decisions of Chinese multinationals. Using data on 14,873 Chinese subsidiaries in 78 countries for 2007–2015, we find that investment is associated with locations with lower economic complexity. This applies especially for destination countries within the OECD and MNCs in knowledge-intensive industries, whereas firms with a strong knowledge base may instead seek out locations with high economic complexity. Results are consistent with a strategy of accessing relatively low-complexity capabilities that can be accumulated to build and reinforce the international advantage and competitiveness of the multinational.","PeriodicalId":13585,"journal":{"name":"Industry and Innovation","volume":"30 1","pages":"556 - 584"},"PeriodicalIF":3.4000,"publicationDate":"2022-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Industry and Innovation","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/13662716.2022.2088335","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
ABSTRACT This article investigates the role of economic complexity in capturing asset-seeking motives and strategies of global knowledge accumulation by analysing the location decisions of Chinese multinationals. Using data on 14,873 Chinese subsidiaries in 78 countries for 2007–2015, we find that investment is associated with locations with lower economic complexity. This applies especially for destination countries within the OECD and MNCs in knowledge-intensive industries, whereas firms with a strong knowledge base may instead seek out locations with high economic complexity. Results are consistent with a strategy of accessing relatively low-complexity capabilities that can be accumulated to build and reinforce the international advantage and competitiveness of the multinational.
期刊介绍：
Industry and Innovation is an international refereed journal presenting high-quality original scholarship of the dynamics of industries and innovation. Interdisciplinary in nature, Industry and Innovation is informed by, and contributes in turn to, advancing the theoretical frontier within economics, organization theory, and economic geography. Theoretical issues encompass: •What are the institutional underpinnings for different organizational forms? •How are different industrial structures and institutions related to innovation patterns and economic performance?
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