India's Outward Foreign Direct Investments in Steel Industry in a Chinese Comparative Perspective
AbstractIndian and Chinese enterprises have emerged as important outward investors in recent times with their involvement in a number of prominent Greenfield investments and acquisitions. The theory of international business posits that the ownership of some unique advantages having a revenue generating potential abroad combined with the presence of internalization and locational advantages leads to outward FDI. Conventional MNEs based in the industrialized countries have grown on the strength of ownership advantages derived from innovatory activity that is largely concentrated in these countries. It examines the case of steel industry that has become an important sector of overseas activity for Chinese and Indian companies with a string of major acquisitions of foreign MNEs for acquiring footprints and natural resources in order to identify the sources of ownership advantages and strategies of outward investments from emerging countries.
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Bibliographic InfoPaper provided by United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology in its series UNU-MERIT Working Paper Series with number 053.
Date of creation: 2008
Date of revision:
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Web page: http://www.merit.unu.edu
FDI outflows; steel; India;
Other versions of this item:
- Nagesh Kumar & Alka Chadha, 2009. "India's outward foreign direct investments in steel industry in a Chinese comparative perspective," Industrial and Corporate Change, Oxford University Press, vol. 18(2), pages 249-267, April.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-09-20 (All new papers)
- NEP-CNA-2008-09-20 (China)
- NEP-CSE-2008-09-20 (Economics of Strategic Management)
- NEP-CWA-2008-09-20 (Central & Western Asia)
- NEP-DEV-2008-09-20 (Development)
- NEP-SEA-2008-09-20 (South East Asia)
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