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First published in economies, v12i3 (Feb 2024) published by MDPI. DOI: https://doi.org/10.3390/economies12030056

Document Type

Article

Publication Version

Published Version

Keywords

Chinese outward FDI, event study, innovation, strategic asset seeking

Journal/Book/Conference Title

Economies

Volume

12

Issue

3

Abstract

Strategic asset seeking foreign direct investment has undergone tremendous growth over the past decade. This paper first attempts to evaluate the location choice of such investments in Europe. We find that Chinese companies target strategic assets in Europe. The paper then moves to understand the efficacy of these investments in terms of the creation of strategic assets in the Chinese parent company. Our results show the intangible assets of Chinese domestic parent firms significantly increase in the wake of their investments. For greenfield investments, there is a longer time-lag in creation of intangible strategic assets than for acquisitions. However, greenfield investments result in a larger increase in intangible asset creation than acquisition investments.

Department

Department of Management

Original Publication Date

2-25-2024

Object Description

1 PDF File

DOI of published version

10.3390/economies12030056

Repository

UNI ScholarWorks, Rod Library, University of Northern Iowa

Copyright

©2024 by the authors. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Language

en

File Format

application/pdf

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