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Hong Kong Firms in the ASEAN Region: Transnational Corporations and Foreign Direct Investment

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  • W-C H Yeung

    (School of Geography, University of Manchester, Manchester M13 9PL, England)

Abstract

Economic links between Hong Kong and the ASEAN (Association of South East Asian Nations) region are historically strong. In this paper, by means of extensive secondary data sources, some facets of these links in relation to the transnational operations of Hong Kong firms and their foreign direct investment (FDI) flows in ASEAN countries are examined. It is found that out of thirty leading Hong Kong transnational corporations (TNCs), nineteen have together more than forty-three operations in ASEAN. Hong Kong TNCs in the tertiary sector are particularly inclined to establish cross-border operations in the ASEAN region. Any explanation of the operations of these TNCs in ASEAN must take into consideration ongoing network relations embedded in peculiar historical contexts and geographical confines. In terms of equity capital inflows, Hong Kong FDI in the ASEAN region regained its momentum after 1985. Indonesia and Thailand are the most favoured destinations for Hong Kong FDI. In these two countries, Hong Kong FDI ranks, respectively, as the second and third largest foreign investment. Future studies need to address the issue of Hong Kong's uncertainty over the ‘1997’ question and of theory-building in international business.

Suggested Citation

  • W-C H Yeung, 1994. "Hong Kong Firms in the ASEAN Region: Transnational Corporations and Foreign Direct Investment," Environment and Planning A, , vol. 26(12), pages 1931-1956, December.
    • Handle: RePEc:sae:envira:v:26:y:1994:i:12:p:1931-1956
    DOI: 10.1068/a261931
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    References listed on IDEAS

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    1. Linda Low & Eric D. Ramstetter & Henry Wai-Chung Yeung, 1998. "Accounting for Outward Direct Investment from Hong Kong and Singapore: Who Controls What?," NBER Chapters, in: Geography and Ownership as Bases for Economic Accounting, pages 139-172, National Bureau of Economic Research, Inc.
    2. Yeung, Henry Wai-chung, 1995. "Qualitative personal interviews in international business research: Some lessons from a study of Hong Kong Transnational Corporations," International Business Review, Elsevier, vol. 4(3), pages 313-339, September.
    3. Carney, M. & Gedajlovic, E.R., 2001. "Organisational Path-Dependence and Institutional Environment," ERIM Report Series Research in Management ERS-2001-07-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    4. Roger Hayter & Sun Sheng Han, 1998. "Reflections on China's Open Policy Towards Foreign Direct Investment," Regional Studies, Taylor & Francis Journals, vol. 32(1), pages 1-16.
    5. Krug, B. & Belschak, F.D., 2001. "Combining Commerce and Culture," ERIM Report Series Research in Management ERS-2001-84-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.

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