Based on probing into the literature on multinational enterprise (MNE) staffing, we set up a concept model for MNEs’ subsidiary staffing by two groups of influencing factors: the national differences bwteen the paren...Based on probing into the literature on multinational enterprise (MNE) staffing, we set up a concept model for MNEs’ subsidiary staffing by two groups of influencing factors: the national differences bwteen the parent country and the host country, and the strategies employed by MNEs. We also tested the model and proposed propositions by a sample evaluation method, specifically with 1 000 copies of questionnaires given out to managers or directors of MNEs’ subsidiaries in China Mainland and resulting in 151 sets of valid answers. The empirical study supports that national differences between the parent country and the host country and the strategies employed by MNEs do have impact on the subsidiary staffing, and MNE headquarters should make different staffing plans according to the difference of nations and strategies. We welcome testing our model by peer researchers in other country.展开更多
Using data on Chinese listed companies for 2008-2018,we find that firms participating in overseas operations,proxied by overseas subsidiaries,generally have higher financial asset allocations than other firms.At the m...Using data on Chinese listed companies for 2008-2018,we find that firms participating in overseas operations,proxied by overseas subsidiaries,generally have higher financial asset allocations than other firms.At the micro level,the effects are more pronounced when the parent company faces serious financing constraints,has no overseas returned executives,has a business that is inconsistent with that of its overseas subsidiaries and has overseas subsidiaries that experience losses.At the macro level,the effects are more pronounced when overseas operations are in OECD and Belt and Road countries,or in areas with higher economic or political risks and greater investment opportunities.Financial asset allocation helps mitigate cash flow fluctuations and operational risks for multinational firms.This study advances research on the determinants of financial asset allocation and has implications relevant to the Chinese government’s“Go Global”and Belt and Road strategies and its efforts to realize a developed financial sector to service the Chinese economy.展开更多
In this paper, we study the location distribution and determinants for Chinese firms’ overseas Research and Development(R&D) activities, based on a dataset of 1,500 Chinese firms that established overseas R&D...In this paper, we study the location distribution and determinants for Chinese firms’ overseas Research and Development(R&D) activities, based on a dataset of 1,500 Chinese firms that established overseas R&D subsidiaries during the years 2010-2014. Integrating Dunning’s eclectic paradigm and Uppsala Model, we construct a two-dimensional model, which consists of the determinants from host countries and from the interactions between the host countries and the home country, China. We use a multiple-regression method to analyze the determinants and rationale of the location choice of Chinese firms’ overseas R&D activities. By identifying the determinants of the location of the Chinese firms, we aim to reveal whether and where the location strategy of Chinese firms’ R&D globalization differs from those of the firms in the U.S., Europe and Japan;and to provide a reference for Chinese firms in their strategy-making on R&D globalization.展开更多
文摘Based on probing into the literature on multinational enterprise (MNE) staffing, we set up a concept model for MNEs’ subsidiary staffing by two groups of influencing factors: the national differences bwteen the parent country and the host country, and the strategies employed by MNEs. We also tested the model and proposed propositions by a sample evaluation method, specifically with 1 000 copies of questionnaires given out to managers or directors of MNEs’ subsidiaries in China Mainland and resulting in 151 sets of valid answers. The empirical study supports that national differences between the parent country and the host country and the strategies employed by MNEs do have impact on the subsidiary staffing, and MNE headquarters should make different staffing plans according to the difference of nations and strategies. We welcome testing our model by peer researchers in other country.
基金support from the National Natural Science Foundation of China(72272164,71872196,72272169)the National Social Science Foundation of China(23&ZD060,21&ZD145,19ZDA098).
文摘Using data on Chinese listed companies for 2008-2018,we find that firms participating in overseas operations,proxied by overseas subsidiaries,generally have higher financial asset allocations than other firms.At the micro level,the effects are more pronounced when the parent company faces serious financing constraints,has no overseas returned executives,has a business that is inconsistent with that of its overseas subsidiaries and has overseas subsidiaries that experience losses.At the macro level,the effects are more pronounced when overseas operations are in OECD and Belt and Road countries,or in areas with higher economic or political risks and greater investment opportunities.Financial asset allocation helps mitigate cash flow fluctuations and operational risks for multinational firms.This study advances research on the determinants of financial asset allocation and has implications relevant to the Chinese government’s“Go Global”and Belt and Road strategies and its efforts to realize a developed financial sector to service the Chinese economy.
基金supported by the Department of Science and Technology of Guangdong Province,Soft Science Research Project(2015B070702004)“Monitoring and evaluation of innovation-driven development and regional comparison in Guangdong province”the National Natural Science Foundation of China(NSFC)Project(71672184)“The evolution of innovation ecosystem and formation of competitive advantage-approach of ecosystem rent”
文摘In this paper, we study the location distribution and determinants for Chinese firms’ overseas Research and Development(R&D) activities, based on a dataset of 1,500 Chinese firms that established overseas R&D subsidiaries during the years 2010-2014. Integrating Dunning’s eclectic paradigm and Uppsala Model, we construct a two-dimensional model, which consists of the determinants from host countries and from the interactions between the host countries and the home country, China. We use a multiple-regression method to analyze the determinants and rationale of the location choice of Chinese firms’ overseas R&D activities. By identifying the determinants of the location of the Chinese firms, we aim to reveal whether and where the location strategy of Chinese firms’ R&D globalization differs from those of the firms in the U.S., Europe and Japan;and to provide a reference for Chinese firms in their strategy-making on R&D globalization.
