From Beijing to Madridprofiles of Chinese investors in Spain

  1. Federico Carril Caccia
  2. Juliette Milgram Baleix
Aldizkaria:
Universia Business Review

ISSN: 1698-5117

Argitalpen urtea: 2016

Zenbakia: 51

Orrialdeak: 112-129

Mota: Artikulua

Beste argitalpen batzuk: Universia Business Review

Laburpena

We study the profiles of Chinese investors in Spain. To this end, we rely on firm-level data and on primary data obtained through a questionnaire. We focus on projects in manufacturing, renewable energy and wholesale and retail trade. Chinese firms investing in manufacturing aim to acquire and develop new capabilities and to access not only the Spanish market but also other markets inside and outside the EU. Chinese investors in renewables are also export-oriented but, unlike firms in other sectors, they particularly appreciate the qualifications of Spanish workers. In wholesale, Chinese firms are more attracted by Spanish consumers: their main interests consist in acquiring new capabilities, making their brand known and supporting their exports to Spain. The present study might be useful for practitioners seeking to better understand the strategy, opportunities and risks of these new players in the Spanish market.

Erreferentzia bibliografikoak

  • Amal, M., Awuah, G. B., Raboch, H., & Andersson, S. (2013). “Differences and similarities of the internationalization processes of multinational companies from developed and emerging countries”. European Business Review, 25(5), 411-428.
  • Amighini, A. A., Rabellotti, R., & Sanfilippo, M. (2013). “Do Chinese state-owned and private enterprises differ in their internationalization strategies?”. China Economic Review, 27, 312-325.
  • Bayraktar, N. (2013). “Foreign Direct Investment and Investment Climate”. Procedia Economics and Finance, 5, 83-92.
  • 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.
  • Child, J., & Rodrigues, S. B. (2005). “The internationalization of Chinese firms: A case for theoretical extension?”. Management and Organization Review, 1(3), 381-410.
  • Dunning, J. H. (1993). “Internationalizing Porter's diamond”. MIR: Management International Review, 7-15.
  • Ekholm, K., Forslid, R., & Markusen, J. R. (2007). “Export‐Platform Foreign Direct Investment”. Journal of the European Economic Association, 5(4), 776-795.
  • ESADE. (2014). “Chinese Investment in Europe 2014”. ESADE China Europe Club. Retrieved from http://www.esadegeo.com/china-about
  • ESADE. (2015). “Chinese Investment in Europe 2015-16”. ESADE China Europe Club. Retrieved from http://www.esadegeo.com/china-about
  • Gallagher, K. P., & Irwin, A. (2014). “Exporting National Champions: China's Outward Foreign Direct Investment Finance in Comparative Perspective”. China & World Economy, 22(6), 1-21.
  • Goy-Yamamoto, A., M. & Navarro, A. (2008). “¿Cómo Fomentar la Inversión Asiática en España?”. Documento de Trabajo 18/2008. Madrid, Spain: Fundación Alternativas
  • Harrison, A. (1995). “The role of multinationals in economic development: the benefits of FDI”. The Columbia Journal of World Business, 29(4), 6-11.
  • Horstmann, I. J., & Markusen, J. R. (1987). “Strategic investments and the development of multinationals”. International Economic Review, 109-121.
  • Hymer, S. H. (1976). “The international operations of national firms: A study of direct foreign investment”. (Vol. 14). Cambridge, MA: MIT press.
  • Johanson, J., & Vahlne, J. E. (1977). “The internationalization process of the firm—a model of knowledge development and increasing foreign market commitments”. Journal of International Business Studies, 8(1), 23-32.
  • Krugman, P. (2000). “Fire-sale FDI. In Capital flows and the emerging economies: theory, evidence, and controversies”. (pp. 43-60). University of Chicago Press.
  • Lemoine, F. (2013). “From foreign trade to international investment: a new step in China’s integration with the world economy”. Economic Change and Restructuring, 46(1), 25-43.
  • Luo, Y., & Tung, R. L. (2007). “International expansion of emerging market enterprises: A springboard perspective”. Journal of International Business Studies, 38(4), 481-498.
  • Perea, E., & Ripoll i Alcon, J. (2014). “A profile of Spanish firms in China: reasons to set up business and future perspectives”. Universia Business Review, 43, 58-82.
  • Quer Ramón, D., Claver Cortés, E., & Rienda García, L. (2015). “Las multinacionales chinas en España. Situación actual y retos de futuro”. Boletín económico de ICE, Información Comercial Española, 3064, 35-44.
  • Sáez, L. (2010). “Chinese Outward Direct Investments in Spain”. Chatham House Programme Paper, 2010.
  • UNCTAD. (2006). “World Investment Report 2006: FDI from Developing and Transition Economies: Implications for Development”. New York: United Nations.
  • UNCTAD. (2015). “World Investment Report 2015: Reforming international investment governance”. New York: United Nations.