The internationalization of Chinese multinational enterprises under the Belt-and-Road Initiative

Wang, Jinmin; Mirsardin, Ibragimov; Sun, Yutao; Yang, Xiangyang

Abstract

This article explores how the Belt-and-Road Initiative has affected the internationalization of Chinese multinational enterprises with a case study of China Railway Rolling Stock Corporation. It is found that the Belt-and-Road Initiative can be considered as part of China's integration with global production networks, which enhances the ownership, location and internalization advantages of Chinese multinational enterprises. In particular, the Belt-and-Road Initiative has had a positive impact on improving the innovation capability and firm performance of Chinese multinational enterprises through promoting R&D internationalization and strengthening the specialization of production.

• Journal Article Type: Article
• Acceptance Date: Sep 30, 2021
• Online Publication Date: Nov 1, 2021
• Publication Date: 2021-11
• Deposit Date: Nov 26, 2021
• Publicly Available Date: Nov 2, 2023
• Journal: Strategic Change
• Print ISSN: 1086-1718
• Electronic ISSN: 1099-1697
• Peer Reviewed: Peer Reviewed
• Volume: 30
• Issue: 6
• Pages: 509-515
• DOI: https://doi.org/10.1002/jsc.2467
• Keywords: internationalisation, eclectic paradigm, Belt-and-Road Initiative, Chinese multinational enterprises, global production networks JEL CLASSIFICATION F21; F23; M16
• Public URL: https://nottingham-repository.worktribe.com/output/6789371
• Publisher URL: https://onlinelibrary.wiley.com/doi/full/10.1002/jsc.2467
• Additional Information: This is the peer reviewed version of the following article: Wang, J., Mirsardin, I., Sun, Y., & Yang, X. (2021). The internationalization of Chinese multinational enterprises under the Belt-and-Road Initiative. Strategic Change, 30( 6), 509– 515., which has been published in final form at https://doi.org/10.1002/jsc.2467. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.