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Chinese Outward Direct Investment Research: Theoretical Integration and Recommendations

Published online by Cambridge University Press:  02 February 2015

Ping Deng
Ping Deng*
Affiliation:
Cleveland State University, USA
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Abstract

This article reports a detailed analysis of 138 peer-reviewed articles in 41 journals published in the last 12 years (2001-2012) that focus on Chinese outward foreign direct investment from a theoretical advancement perspective. It assesses how the topic has been explored both conceptually and empirically and identifies the substantive contributions to the literature using a thematic analysis. The article argues that research on the international expansion of Chinese multinational corporations offers a unique opportunity to extend and develop extant theorizing in four primary research streams: the latecomer perspective; Chinese state and government influences; the dynamics of firms and institutions; and the liability of foreignness. Building on the results of this analysis, the article offers five recommendations as promising ways to open up theoretical inquiry: (1) cross-fertilization among the four research streams; (2) integration of resource- and institution-based theories with other theoretical lenses; (3) research on the process dimensions using a longitudinal approach; (4) adoption of multi-levels of analysis; and (5) consideration of the wider emerging market literature.

Keywords

Chinese multinational corporations (MNCs)cross-border mergers and acquisitions (M&As)international expansionoutward foreign direct investment (OFDI)theoretical advancement中国跨国公司跨国并购国际扩展对外直接投资理论发展
Type
Regular Articles
Information
Management and Organization Review , Volume 9 , Issue 3: Special Issue Knowledge Search, Spillovers, and Creation in Emerging Markets , November 2013 , pp. 513 - 539
Copyright
Copyright © International Association for Chinese Management Research 2013

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