The Growth of Chinese Multinationals
DOI:
https://doi.org/10.1344/jesb2024.47054Keywords:
Chinese multinationals, emerging economies, growth, predictionsAbstract
The growth of Chinese multinationals has become a fascinating component within the larger literature on the growth of firms in and out of emerging economies. Leveraging the latest and most-comprehensive data, Casanova and Miroux’s (2024) research enables us to evaluate the validity of predictions made by Peng and Heath (1996), Rugman and Li (2007), and Peng (2012). Overall, the growth of Chinese multinationals reported by Casanova and Miroux has not supported earlier predictions, but has increasingly supported more recent predictions. Casanova and Miroux’s research therefore has made significant contributions by providing much-needed empirical checks for the claims made by earlier scholars, thus revealing both the strengths and weaknesses of this rapidly evolving literature.
Downloads
References
Casanova, Lourdes, and Anne Miroux. 2020a. Emerging Markets Report 2020. Ten years that changed Emerging Markets. Building Constructive Engagement. Ithaca: eCommons Cornell University. Emerging Markets Institute. https://doi.org/10.7298/cvhn-dc87.
Casanova, Lourdes, and Anne Miroux. 2020b. The Era of Chinese Multinationals. Competing for Global Dominance. Oxford: Elsevier Academic Press. https://doi.org/10.1016/C2018-0-01595-9.
Casanova, Lourdes, and Anne Miroux. 2022. Emerging Markets Report 2022: Reinventing Global Value Chains. Ithaca: eCommons Cornell University. Emerging Markets Institute. Cornell S.C. Johnson College of Business. https://doi.org/10.7298/9j27-ng36. [Second version https://ecommons.cornell.edu/handle/1813/112770.2].
Casanova, Lourdes, and Anne Miroux. 2024. “Chinese Multinational Gaining Global Dominance.” Journal of Evolutionary Studies in Business 9(2): 6-34. https://doi.org/10.1344/jesb2024.46919.
Kostova, Tatiana, and G. Tomas M. Hult. 2016. “Meyer and Peng’s 2005 article as a foundation for an expanded and refined international business research agenda: Context, organizations, and theories.” Journal of International Business Studies 47(1): 23–32. https://doi.org/10.1057/jibs.2015.39.
Lebedev, Sergey, Mike W. Peng, En Xie, and Charles E. Stevens. 2015. “Mergers and acquisitions in and out of emerging economies.” Journal of World Business 50(4): 651–662. https://doi.org/10.1016/j.jwb.2014.09.003.
Li, Jiatao, Gongming Qian, Kevin Zheng Zhou, Jane Lu, and Bin Liu. 2021. "Belt and Road Initiative, globalization and institutional changes: Implications for firms in Asia." Asia Pacific Journal of Management 39: 843–856. https://doi.org/10.1007/s10490-021-09770-0.
Li, Jin, Daniel Shapiro, Mike W. Peng, and Anastasia Ufimtseva. 2022. "Corporate diplomacy in the age of US–China rivalry." Academy of Management Perspectives 36(4): 1007–1032. https://doi.org/10.5465/amp.2021.0076.
Luo, Yadong. 2022. "Illusions of techno-nationalism." Journal of International Business Studies 53(3): 550–567.
Meyer, Klaus E., Tony Fang, Andrei Y. Panibratov, Mike W. Peng, and Ajai Gaur. 2023. International business under sanctions. Journal of World Business, 58(2), 101426. https://doi.org/10.1057/s41267-021-00468-5.
Peng, Mike W. 2003. "Institutional transitions and strategic choices." Academy of Management Review 28(2): 275–296. https://doi.org/10.2307/30040713.
Peng, Mike W. 2012. "The global strategy of emerging multinationals from China." Global Strategy Journal 2(2): 97–107. https://doi.org/10.1002/gsj.1030.
Peng, Mike W., and Peggy Sue Heath. 1996. "The growth of the firm in planned economies in transition: Institutions, organizations, and strategic choice." Academy of Management Review, 21(2): 492–528. https://doi.org/10.2307/258670.
Peng, Mike W., Sergey Lebedev, Cristina O. Vlas, Joyce C. Wang, and Jason S. Shay. 2018. "The growth of the firm in (and out of) emerging economies." Asia Pacific Journal of Management 35(4): 829–857. https://doi.org/10.1007/s10490-018-9599-3.
Peng, Mike W., Joyce C. Wang, Nishant Kathuria, Jia Shen, and Miranda J. Welbourne Eleazer. 2023. "Toward an institution-based paradigm. Asia Pacific Journal of Management 40(2): 353–382. https://doi.org/10.1007/s10490-022-09861-6.
Rugman, Alan M., and Jing Li. 2007. "Will China's multinationals succeed globally or regionally? " European Management Journal, 25(5), 333–343. https://doi.org/10.1016/j.emj.2007.07.005.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Journal of Evolutionary Studies in Business
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
