Multinational Firms in China: Entry Strategies, Competition, and Firm Performance

Paperback | April 5, 2015

bySea-Jin Chang

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As a consequence of aggressive competition, Chinese industries have become increasingly consolidated. While the extent to which emerging local firms can challenge well-established multinational firms varies by industry, there are common characteristics of "winners" within each firm type. Ahandful of multinational and local firms emerged victorious by acquiring small, weak, and regional players to become truly national players. During this process, weaker multinational firms were crowded out of the market by stronger multinationals as well as by emerging local powerhouses. Thesuccessful local firms that survive competition in China have global ambitions and venture into international markets, challenging foreign multinational firms in the global marketplace. This book examines how multinational firms grew their operations in China and how successful local firms emerged from the restructuring process, as well the competition between them, in the fierce marketplace of China's economic reform. While anecdotal evidence on this topic is widespread, thereexists no comprehensive research. This book seeks to address this gap by rooting its discussion in the author's extensive and rigorous statistical analyses and detailed case studies across five industries: consumer products, beer, telecom, automobile, and steel.

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As a consequence of aggressive competition, Chinese industries have become increasingly consolidated. While the extent to which emerging local firms can challenge well-established multinational firms varies by industry, there are common characteristics of "winners" within each firm type. Ahandful of multinational and local firms emerge...

Dr Sea-Jin Chang is the Executive Director of Centre for Governance, Institutions, and Organisation (CGIO) and the Provost`s Chair Professor of Business Administration at National University of Singapore (NUS) Business School. Prior to joining NUS, Dr Chang was a Visiting Professor at Wharton School of University of Pennsylvania and K...

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Format:PaperbackDimensions:262 pages, 9.21 × 6.14 × 0.56 inPublished:April 5, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198743238

ISBN - 13:9780198743231

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Table of Contents

1. Introduction2. Foreign Entry Strategies3. Emerging Local Competitors4. Competition between and among Foreign and Local Firms5. Performance of Foreign Firms6. Competing for the FutureAppendix 1. Annual Industrial Survey and Definition of Firm Ownership TypesAppendix 2. Entry Mode DecisionAppendix 3. Location DecisionAppendix 4. Performance Implication of Conversion of Joint Ventures to Wholly Owned Subsidiaries.Appendix 5. The Privatization and Firm PerformanceAppendix 6. Calculating ProductivityAppendix 7. Determinants of Foreign Firms Market ShareAppendix 8. Survival Analysis of Foreign and Local Firms.Appendix 9. Profitability Analysis of Foreign and Local FirmsAppendix 10. Income Shifting in China

Editorial Reviews

"Sea-Jin Chang brings his masterful academic sleuthing and deep knowledge of East Asia to bear on a topic of great salience to academics, managers, and policymakers around the world, how competition in China has unfolded. Like India, China means different things to different people; it iscomplex enough to encompass many perspectives. Changs embrace of the analytical challenge of dealing with this complexity, through statistical analyses and fieldwork, is what makes Changs analysis relevant and riveting." --Tarun Khanna, Author of Billions of Entrepreneurs and Winning in Emerging Markets