IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02313420.html
   My bibliography  Save this paper

Geely: a trajectory of catching up and asset-seeking multinational growth

Author

Listed:
  • Giovanni Balcet

    (UNITO - Università degli studi di Torino = University of Turin)

  • Hua Wang

    (Euromed Marseille - École de management - Association Euromed Management - Marseille)

  • Xavier Richet

    (Université Sorbonne Nouvelle - Paris 3)

Abstract

China became the largest world automobile market in 2009, following a decade of rapid growth. Foreign carmakers played a central role in bringing in technology, management know-how and marketing capabilities, as well as in building supply chains; while domestic companies, mainly central or local state-owned, established joint ventures with foreign carmakers, which took the lion's share of the Chinese market. However, in the late 1990s, some domestic private companies accessed to this market and experienced rapid growth. In order to discuss the catching up and internationalisation processes of Chinese carmakers, and in particular the crucial relationship between the two processes, this paper focuses on the case study of Geely, which broke both industrial and institutional barriers to access this industry. It experienced various ways of catching up, including technology imitation via reverse engineering, product architecture innovation, and asset seeking acquisitions abroad; as well as various ways of international growth, including export, assembly abroad, market seeking operations, and (again) asset-seeking acquisitions abroad. This case study helps the understanding of catching up of Chinese firms, while offering insights into the competitive strategy of emerging multinationals. This paper explores jointly the trajectories of catching up and of multinational growth.

Suggested Citation

  • Giovanni Balcet & Hua Wang & Xavier Richet, 2012. "Geely: a trajectory of catching up and asset-seeking multinational growth," Post-Print hal-02313420, HAL.
    • Handle: RePEc:hal:journl:hal-02313420
    DOI: 10.1504/IJATM.2012.051361
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Feng & Zhu, Lei & Xu, Zhi & Wu, Yingying, 2023. "Moving from reverse engineering to disruptive innovation in emerging markets: The importance of knowledge creation," Technovation, Elsevier, vol. 125(C).
    2. Xavier Richet, 2013. "L'internationalisation des firmes chinoises : croissance, motivations, stratégies," Working Papers halshs-00796197, HAL.
    3. Lv, Ping & Curran, Louise & Spigarelli, Francesca & Barbieri, Elisa, 2021. "One country, many industries: Heterogeneity of Chinese OFDI motivations at meso level," China Economic Review, Elsevier, vol. 69(C).
    4. Xavier Richet & Xieshu Wang, 2019. "China and Globalization: Internationalization of Firms and Trade in Services," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-22.
    5. Andoni Maiza & Ricardo Bustillo, 2018. "Analysis of the relevance of China’s development for main European automotive manufacturing countries," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(3), pages 403-424, September.
    6. Krzywdzinski, Martin & Lechowski, Grzegorz & Jürgens, Ulrich, 2018. "L’inéluctable évolution des modèles productifs chez les constructeurs automobiles chinois et indiens," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12, pages 1-20.
    7. Zheng, Qiuxia & Noorderhaven, Niels & Du, Jian, 2022. "Making the unlikely marriage work: The integration process of Chinese strategic asset-seeking acquisitions," Journal of World Business, Elsevier, vol. 57(3).
    8. Xavier Richet, 2019. "Geographical and Strategic Factors in Chinese Foreign Direct Investment in Europe," Asian Economic Papers, MIT Press, vol. 18(2), pages 102-119, Summer.

    More about this item

    Statistics

    Access and download statistics

    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-02313420. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.