The internationalization of Chinese industries: Overseas acquisition activity in Chinese mining and manufacturing industries

C. Zhou, A. van Witteloostuijn, J. Zhang

Research output: Contribution to journalArticleScientificpeer-review

8 Citations (Scopus)

Abstract

This study examines how industrial characteristics at home affect Chinese overseas acquisition activities from an industry-level resource-based view. Analyzing data on 512 Chinese overseas acquisition deals across 36 industries in 60 countries over 2003–2008, we find that: (1) firms in industries with higher levels of technology intensity are more likely to acquire foreign firms, while firms in labor-intensive industries are more likely to stay at home; and (2) the relationship between technology gap and international acquisition activity is hill-shaped. This implies that overseas acquisition is particularly attractive for developing Asian firms in industries with high technology intensity, and a medium-sized technology gap is essential for identifying potential targets.
Original languageEnglish
Pages (from-to)89-116
JournalAsian Business & Management
Volume13
DOIs
Publication statusPublished - Apr 2014

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