The Growth of Chinese Multinationals

The growth of Chinese multinationals has become a fascinating component within the larger literature on the growth of firms in and out of emerging economies. Leveraging the latest and most-comprehensive data, Casanova and Miroux’s (2024) research enables us to evaluate the validity of predictions made by Peng and Heath (1996), Rugman and Li (2007), and Peng (2012). Overall, the growth of Chinese multinationals reported by Casanova and Miroux has not supported earlier predictions, but has increasingly supported more recent predictions. Casanova and Miroux’s research therefore has made significant contributions by providing much-needed empirical checks for the claims made by earlier scholars, thus revealing both the strengths and weaknesses of this rapidly evolving literature.