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Title
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The internationalization of Chinese industries : overseas acquisition activity in Chinese mining and manufacturing industries
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Author
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Abstract
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| This study examines how industrial characteristics at home affect Chinese overseas acquisition activities from an industry-level resource-based view. Analyzing data on 512 Chinese overseas acquisition deals across 36 industries in 60 countries over 20032008, we find that: (1) firms in industries with higher levels of technology intensity are more likely to acquire foreign firms, while firms in labor-intensive industries are more likely to stay at home; and (2) the relationship between technology gap and international acquisition activity is hill-shaped. This implies that overseas acquisition is particularly attractive for developing Asian firms in industries with high technology intensity, and a medium-sized technology gap is essential for identifying potential targets. |
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Language
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English
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Source (journal)
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Asian Business & Management
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Publication
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2014
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ISSN
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1472-4782
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DOI
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10.1057/ABM.2014.1
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Volume/pages
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13
:2
(2014)
, p. 89-116
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ISI
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000334347100001
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Full text (Publisher's DOI)
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