A comparative analysis of the internationalization of Chinese and Japanese firms

作者：Yang Xiaohua^*; Jiang Yi; Kang Rongping; Ke Yinbin

来源：Asia Pacific Journal of Management, 2009, 26(1): 141-162.

DOI：10.1007/s10490-007-9065-0

• Internationalization
• MNEs
• Outbound FDI
• China
• Japan
• Institutions
• Industry
• Resource-based view

This paper integrates institution-, industry-, and resource-based views of internationalization and demonstrates that industrial characteristics, firm resources, and institutional factors can significantly explain the differences and similarities of international expansion of Chinese and Japanese multinational enterprises (MNEs). In particular, this paper maps the growth of Chinese MNEs since economic reforms in 1978 and that of Japanese MNEs after World War II. We illustrate the similarities and differences between Chinese and Japanese MNEs with two case studies: foreign direct investment (FDI) of Haier and Matsushita. We suggest that how firms internationalize, in addition to being influenced by industry- and resource-based considerations, is inherently shaped by the domestic and international institutional frameworks governing these endeavors.

• 出版日期2009-3
• 单位中国社会科学院