IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01894315.html
   My bibliography  Save this paper

Analyse VUCA de la dynamique des investissements directs chinois

Author

Listed:
  • Patricia David

    (ESDES - ESDES, Lyon Business School - UCLy - UCLy - UCLy (Lyon Catholic University))

  • Huiyi Gao

    (ESDES - ESDES, Lyon Business School - UCLy - UCLy - UCLy (Lyon Catholic University))

Abstract

As China moves towards the center stage of the global economy, Chinese companies are seeking new strategic positions and new competitive advantages. Their recent global-and in particular European-expansion elicits new risks, due to the specific characteristics of direct investment originating from emerging markets. In this exploratory study, our hypothesis is that this trend of South-North FDI is representative of the current economic context, punctuated by increased «Volatility, Uncertainty, Complexity, and Ambiguity» (VUCA). Thus our research question is: If the impetus of Chinese Outward Foreign Direct Investment (COFDI) in Europe entails VUCA challenges, which new strategies should be elaborated by European companies? To address this, we first present the global expansion of COFDI, emphasizing its growth and configuration in Europe. Afterwards, by using the VUCA concept as an inductive analysis framework, we examine the particular risks European companies must take into account during decision making. Finally, based on this framework, we propose two series of strategies European companies can adopt when confronted with the influx of COFDI.

Suggested Citation

  • Patricia David & Huiyi Gao, 2018. "Analyse VUCA de la dynamique des investissements directs chinois," Post-Print hal-01894315, HAL.
    • Handle: RePEc:hal:journl:hal-01894315
    Note: View the original document on HAL open archive server: https://hal.science/hal-01894315
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01894315/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kerry Brown, 2014. "China and the EU in Context," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-35186-9.
    2. Peter J Buckley & L Jeremy Clegg & Adam R Cross & Xin Liu & Hinrich Voss & Ping Zheng, 2007. "The determinants of Chinese outward foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(4), pages 499-518, July.
    3. Peter J. Buckley & Adam R. Cross & Hui Tan & Liu Xin & Hinrich Voss, 2008. "Historic and Emergent Trends in Chinese Outward Direct Investment," Management International Review, Springer, vol. 48(6), pages 715-748, December.
    4. Jun Xia & Xufei Ma & Jane W. Lu & Daphne W. Yiu, 2014. "Outward foreign direct investment by emerging market firms: A resource dependence logic," Strategic Management Journal, Wiley Blackwell, vol. 35(9), pages 1343-1363, September.
    5. Deng, Ping, 2007. "Investing for strategic resources and its rationale: The case of outward FDI from Chinese companies," Business Horizons, Elsevier, vol. 50(1), pages 71-81.
    6. David A Ralston, 2008. "The crossvergence perspective: reflections and projections," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(1), pages 27-40, January.
    7. Peter W. Liesch & Lawrence S. Welch & Peter J. Buckley, 2011. "Risk and Uncertainty in Internationalisation and International Entrepreneurship Studies," Management International Review, Springer, vol. 51(6), pages 851-873, December.
    8. David A. Ralston & James Pounder & Carlos W.H. Lo & Yim-Yu Wong & Carolyn P. Egri & Joseph Stauffer, 2006. "Stability and Change in Managerial Work Values: A Longitudinal Study of China, Hong Kong, and the U.S," Management and Organization Review, International Association of Chinese Management Research, vol. 2(1), pages 67-94, March.
    9. Laëtitia Guilhot & Catherine Mercier-Suissa & Jean Ruffier, 2013. "Face aux nouvelles stratégies déployées par les investisseurs chinois en Europe et en France : quelle(s) réponse(s) adopter ?," Post-Print hal-00926720, HAL.
    10. Ralston, David A. & Pounder, James & Lo, Carlos W. H. & Wong, Yim-Yu & Egri, Carolyn P. & Stauffer, Joseph, 2006. "Stability and Change in Managerial Work Values: A Longitudinal Study of China, Hong Kong, and the U.S," Management and Organization Review, Cambridge University Press, vol. 2(1), pages 67-94, March.
    11. Ulrike Mayrhofer & Sabine Urban, 2011. "Management international. Des pratiques en mutation," Post-Print halshs-00684405, HAL.
    12. Deng, Ping, 2013. "Chinese Outward Direct Investment Research: Theoretical Integration and Recommendations," Management and Organization Review, Cambridge University Press, vol. 9(3), pages 513-539, November.
    13. Ping Deng, 2013. "Chinese Outward Direct Investment Research: Theoretical Integration and Recommendations. 通过研究中国对外投资发展理论: 现实与建议," Management and Organization Review, The International Association for Chinese Management Research, vol. 9(3), pages 513-539, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Howell, Anthony & Lin, Jia & Worack, Stephan, 2020. "Going out to innovate more at home: Impacts of outward direct investments on Chinese firms' domestic innovation performance," China Economic Review, Elsevier, vol. 60(C).
    2. Qi Ai & Hui Tan, 2018. "The intra-firm knowledge transfer in the outward M&A of EMNCs: Evidence from Chinese manufacturing firms," Asia Pacific Journal of Management, Springer, vol. 35(2), pages 399-425, June.
    3. Li, Xinjian & Huang, Songshan (Sam) & Song, Changyao, 2017. "China's outward foreign direct investment in tourism," Tourism Management, Elsevier, vol. 59(C), pages 1-6.
    4. Lisha He, 2022. "Spatial Linkages in Chinese Service and Manufacturing Outward Fdi: Empirical Evidence From the United States," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 113(5), pages 450-468, December.
    5. Valeria, Gattai & Rajssa, Mechelli & Piergiovanna, Natale, 2016. "FDI and Heterogeneous Firms: Evidence from BRIC Countries," Working Papers 322, University of Milano-Bicocca, Department of Economics, revised 18 Jan 2016.
    6. Yan, Zheng Joseph & Zhu, Jiuhua Cherrie & Fan, Di & Kalfadellis, Paul, 2018. "An institutional work view toward the internationalization of emerging market firms," Journal of World Business, Elsevier, vol. 53(5), pages 682-694.
    7. Yin, Tong & De Propris, Lisa & Jabbour, Liza, 2021. "Assessing the effects of policies on China’s outward foreign direct investment," International Business Review, Elsevier, vol. 30(5).
    8. Elia, Stefano & Kafouros, Mario & Buckley, Peter J., 2020. "The role of internationalization in enhancing the innovation performance of Chinese EMNEs: A geographic relational approach," Journal of International Management, Elsevier, vol. 26(4).
    9. Haifeng Yan & Juan Wang & Ping Deng, 2018. "Outbound linkage and inbound leverage for emerging multinationals: A signaling theory perspective," Asia Pacific Journal of Management, Springer, vol. 35(2), pages 347-372, June.
    10. Ping Deng & Andrew Delios & Mike W. Peng, 2020. "A geographic relational perspective on the internationalization of emerging market firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(1), pages 50-71, February.
    11. Mike W. Peng & Sergey Lebedev & Cristina O. Vlas & Joyce C. Wang & Jason S. Shay, 2018. "The growth of the firm in (and out of) emerging economies," Asia Pacific Journal of Management, Springer, vol. 35(4), pages 829-857, December.
    12. Li, Linjie & Liu, Xiaming & Yuan, Dong & Yu, Miaojie, 2017. "Does outward FDI generate higher productivity for emerging economy MNEs? – Micro-level evidence from Chinese manufacturing firms," International Business Review, Elsevier, vol. 26(5), pages 839-854.
    13. Xing Zhou & Quan Guo & Ming Zhang, 2021. "Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective," Energies, MDPI, vol. 14(21), pages 1-25, November.
    14. Ravi Ramamurti & Jenny Hillemann, 2018. "What is “Chinese” about Chinese multinationals?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(1), pages 34-48, January.
    15. Xie, En & Reddy, K.S. & Liang, Jie, 2017. "Country-specific determinants of cross-border mergers and acquisitions: A comprehensive review and future research directions," Journal of World Business, Elsevier, vol. 52(2), pages 127-183.
    16. Uzuegbunam, Ikenna & Geringer, J. Michael, 2021. "Culture, connectedness, and international adoption of disruptive innovation," Journal of International Management, Elsevier, vol. 27(1).
    17. van Hoorn, A.A.J., 2013. "Generational shifts in managerial values and the coming of a global business culture," Research Report 13012-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    18. Alfred M. Jaeger & Sung Soo Kim & Arif N. Butt, 2016. "Leveraging Values Diversity: The Emergence and Implications of a Global Managerial Culture in Global Organizations," Management International Review, Springer, vol. 56(2), pages 227-254, April.
    19. Huang, Yuanyuan & Xie, En & Li, Yu & Reddy, K.S., 2017. "Does state ownership facilitate outward FDI of Chinese SOEs? Institutional development, market competition, and the logic of interdependence between governments and SOEs," International Business Review, Elsevier, vol. 26(1), pages 176-188.
    20. Schott, Lennart & Schaefer, Kerstin J., 2023. "Acceptance of Chinese latecomers' technological contributions in international ICT standardization — The role of origin, experience and collaboration," Research Policy, Elsevier, vol. 52(1).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01894315. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.