Multinational Advantages of Chinese Business Groups: A Theoretical Exploration

Management and Organization Review

Volumn 7, Issue 2, 2011, Pages 249-277

  Yiu, Daphne W ^a  

^a CHINESE UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Business groups; Chinese multinationals; Emerging markets; Internationalization; Multinational advantages

Indexed keywords

EID: 79959869962     PISSN: 17408776     EISSN: 17408784     Source Type: Journal    
DOI: 10.1111/j.1740-8784.2010.00210.x     Document Type: Article

References (63)

1. Bae, K-H., Kang, J-K., & Kim, J-M. 2002. Tunneling or value added? Evidence from mergers by Korean business groups. Journal of Finance, 57(6): 2695-2740.
2. Boisot, M., & Meyer, M. W. 2008. Which way through the open door? Reflections on the internationalization of Chinese firms. Management and Organization Review, 4(3): 349-365.
3. Buckley, P. J., & Casson, M. 1976. The future of the multinational enterprise, Macmillan: London.
4. Buckley, P. J., Clegg, J., & Wang, C. 2004. The relationship between inward foreign direct investment and the performance of domestically-owned Chinese manufacturing industry. Multinational Business Review, 12(3): 23-40.
5. Buckley, P. J., Clegg, L. J., Cross, A. R., Liu, X., Voss, H., & Zheng, P. 2007. The determinants of Chinese outward foreign direct investment. Journal of International Business Studies, 38(4): 499-518.
6. Carney, M., Shapiro, D., & Tang, Y. 2009. Business group performance in China: Ownership and temporal considerations. Management and Organization Review, 5(2): 167-193.
7. Caves, R. E. 1971. International corporations: The industrial economics of foreign investment. Economica, 38(149): 1-27.
8. Caves, R. E., & Uekusa, M. 1976. Industrial organization in Japan. Washington, DC: The Brookings Institution.
9. Chang, S. J., & Choi, U. 1988. Strategy, structure, and performance of Korean business groups: A transactions cost approach. Journal of Industrial Economics, 37(2): 141-158.
10. Child, J. 2009. Context, comparison, and methodology in Chinese management research. Management and Organization Review, 5(1): 57-73.
11. Child, J., & Rodrigues, S. B. 2005. The internationalization of Chinese firms: A case for theoretical extension. Management and Organization Review, 1(3): 381-410.
12. China's Large Enterprise Business Groups (Zhongguo Da Qiye Jituan). 2003. Beijing: China Statistical Press.
13. China's Large Enterprise Business Groups (Zhongguo Da Qiye Jituan). 2005. Beijing: China Statistical Press.
14. China's Large Enterprise Business Groups (Zhongguo Da Qiye Jituan). 2006. Beijing: China Statistical Press.
15. China's Large Enterprise Business Groups (Zhongguo Da Qiye Jituan). 2007. Beijing: China Statistical Press.
16. China Statistical Yearbook. 2004. Beijing: China Statistical Press.
17. China Statistical Yearbook. 2005. Beijing: China Statistical Press.
18. China Statistical Yearbook. 2006. Beijing: China Statistical Press.
19. China Statistical Yearbook. 2007. Beijing: China Statistical Press.
20. Collinson, S., & Rugman, A. M. 2007. The regional character of Asian multinational enterprises. Asia Pacific Journal of Management, 24(4): 429-446.
21. Denrell, J., Fang, C., & Winter, S. G. 2003. The economics of strategic opportunity. Strategic Management Journal, 24(10): 977-990.
22. Dunning, J. H. 1980. Toward an eclectic theory of international production: Some empirical tests, Journal of International Business Studies, 11(1): 9-31.
23. Dunning, J. H. 1995. Reappraising the eclectic paradigm in the age of alliance capitalism. Journal of International Business Studies, 26(3): 461-491.
24. Dunning, J. H. 1996. The geographical sources of competitiveness of firms: The results of a new survey. Transnational Corporations, 5(3): 1-30.
25. Dunning, J. H. 2000. The eclectic paradigm as an envelope for economic and business theories of MNE activity. International Business Review, 9(2), 163-190.
26. Dunning, J. H. 2004. Relational assets: The new competitive advantages of MNEs and countries. In J. H. Dunning & R. Narula (Eds.). Multinationals and industrial competitiveness: 201-241. Cheltenham: Edward Elgar.
27. Dunning, J. H. 2006. Comment on dragon multinationals: New players in 21st century globalization. Asia Pacific Journal of Management, 23(2): 139-141.
28. Dunning, J. H., & Lundan, S. M. 2008. Institutions and the OLI paradigm of the multinational enterprise. Asia Pacific Journal of Management, 25(4): 573-593.
29. Erdener, C., & Shapiro, D. M. 2005. The internationalization of Chinese family enterprises and Dunning's eclectic MNE paradigm. Management and Organization Review, 1(3): 411-436.
30. Granovetter, M. 1994. Business groups. In N. J. Smelser & R. Swedborg (Eds.), Handbook of economic sociology: 453-475. Princeton, NJ: Princeton University Press.
31. Guillén, M. F. 2000. Business groups in emerging economies: A resource-based view. Academy of Management Journal, 43(3): 362-380.
32. Hymer, S. 1976. The international operations of national firms: A study of direct investment. Cambridge, MA: MIT Press.
33. Kang, R. 2009. The internationalization process of Chinese multinationals. In J-P. Larcon (Ed.), Chinese Multinationals: 77-126. London: World Scientific Publishing Co. Pte. Ltd.
34. Keister, L. A. 1998. Engineering growth: Business group structure and firm performance in China's transition economy. American Journal of Sociology, 104(2): 404-440.
35. Keister, L. A. 2000. Chinese business groups: The structure and impact of interfirm relations during economic development. Oxford, NY: Oxford University Press.
36. Khanna, T., & Palepu, K. 2000. The future of business groups in emerging markets: Long-run evidence from Chile. Academy of Management Journal, 43(3): 268-285.
37. Khanna, T. & Palepu, K. 2006. Emerging giants: Building world-class companies in developing countries. Harvard Business Review, 84(10): 60-69.
38. Lall, S. 1983. The new multinationals: The spread of Third World enterprises, New York: Wiley.
39. Leff, N. H. 1978. Industrial organization and entrepreneurship in the developing countries: The economic groups. Economic Development and Cultural Change, 26(4): 661-675.
40. Lu, J. W., & Ma, X. 2008. The contingent value of local partners' business group affiliation. Academy of Management Journal, 51(2): 295-314.
41. Luo, X., & Chung, C. 2005. Keeping it all in the family: The role of particularistic relationships in business group performance during institutional transition. Administrative Science Quarterly, 50(3): 404-439.
42. Luo, Y., & Tung, R. 2007. International expansion of emerging market enterprises: A springboard perspective. Journal of International Business Studies, 38(4): 481-498.
43. Makino, S., Lau, C. M., & Yeh, R. S. 2002. Asset-exploitation versus asset-seeking: Implications for location choice of foreign direct investment from newly industrialized economies. Journal of International Business Studies, 33(3): 403-421.
44. Mathews, J. A. 2002. Competitive advantages of the latecomer firm: A resource-based account of industrial catch-up strategies. Asia Pacific Journal of Management, 19(4): 467-488.
45. Mathews, J. A. 2006a. Dragon multinationals: New players in the 21st century globalization. Asia Pacific Journal of Management, 23(1): 5-27.
46. Mathews, J. A. 2006b. Response to Professors Dunning and Narula. Asia Pacific Journal of Management, 23(2): 153-155.
47. Ministry of Commerce. 2004. Statistical Bulletin of China's Outward Foreign Direct Investment 2003.
48. Ministry of Commerce. 2008. Statistical Bulletin of China's Outward Foreign Direct Investment 2008. Beijing: Ministry of Commerce.
49. Narula, R. 2006. Globalization, new ecologies, new zoologies, and the purported death of the eclectic paradigm. Asia Pacific Journal of Management, 23(2): 143-151.
50. Nolan, P. 2001. China and the global business revolution. New York: Palegrave.
51. Peng, M. W. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28(2): 275-296.
52. Rugman, A. M., & Li, J. 2007. Will China's multinationals succeed globally or regionally? European Journal of Management, 25(5): 333-343.
53. Rui, R., & Yip, G. S. 2008. Foreign acquisitions by Chinese firms: A strategic intent perspective. Journal of World Business, 43(2): 213-226.
54. Sauvant, K. P. 2008. The rise of TNCs from emerging markets: The issues. In K. P. Sauvant, K. Mendoza & I. Ince (Eds.), The rise of transnational corporations from emerging markets: 3-14. Cheltenham: Edward Elgar.
55. Stark, D. 1996. Recombinant property in East European capitalism. American Journal of Sociology, 101(4): 993-1027.
56. Sutherland, D. 2009. Do China's 'national team' business groups undertake strategic-asset-seeking OFDI? Chinese Management Studies, 3(1): 11-24.
57. Thomas, D. E., Eden, L., & Hitt, M. A. 2002. Who goes abroad? International diversification by emerging market firms into developed markets. Paper presented at the Academy of Management Annual Meeting at Denver, Colorado.
58. Whetten, D. A. 2009, An Examination of the interface between context and theory applied to the study of Chinese organizations. Management and Organization Review, 5(1): 29-55.
59. White, R. E., Hoskisson, R. E., Yiu, D. W., & Bruton, G. B. 2008. Employment and market innovation in Chinese business group affiliated firms: The role of group control systems. Management and Organization Review, 4(2): 225-256.
60. Yiu, W., Bruton, G. D., & Lu, Y. 2005. Understanding business group Performance in an emerging Economy: Acquiring resources and capabilities in order to prosper. Journal of Management Studies, 42(1): 183-206.
61. Yiu, D. W., Lau, C. M., Bruton, G. D. 2007a. International venturing by emerging economy firms: The effects of firm capabilities, home country networks, and corporate entrepreneurship. Journal of International Business Studies, 38(4): 519-540.
62. Yiu, D. W., Lu, Y., Bruton, G. D., & Hoskisson, R. E. 2007b. Business groups: An integrated model to focus future research. Journal of Management Studies, 44(8): 1551-1579.
63. Zhang, J., & Keh, H. T. 2010. Interorganizational exchanges in China: Organizational forms and governance mechanisms. Management and Organization Review, 6(1): 123-147.