Spillovers and competition among foreign and local firms in China

• 成果类型: Article
• 署名作者: Chang, Sea Jin; Xu, Dean
• 署名单位: Korea University; University of Hong Kong
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.674
• 发表日期: 2008
• 页码: 495-518
• 关键词: spillover effects; competition effects; Foreign Direct Investments; COMPETITOR ANALYSIS; CHINA

摘要

Combining the FDI spillover literature with a competitor analysis framework, we examine the relative size of spillover and competition effects in China between foreign entrants and local firms, among foreign entrants, and among local firms. Our results show that the increased presence of foreign entrants has generally benefited local firms nationally, but has negatively affected the survival rates of local firms in regional markets. Surprisingly, foreign entrants are crowded out not only by their peers, but also by reformed local firms at both the national and regional levels. Copyright (C) 2008 John Wiley & Sons, Ltd.