Premium
Investigating Chinese Outward Foreign Direct Investments: How Can Firm‐level Data Help?
Author(s) -
Amighini Alessia,
Cozza Claudio,
Rabellotti Roberta,
Sanfilippo Marco
Publication year - 2014
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/cwe.12091
Subject(s) - foreign direct investment , china , matching (statistics) , aggregate data , business , aggregate (composite) , industrial organization , economics , political science , macroeconomics , statistics , materials science , mathematics , law , composite material
The empirical literature on China's outward foreign direct investment mainly relies on aggregate data from official statistics, but the reliability of such data is currently a matter of concern because it does not take account of relevant features such as industry breakdown, ownership structure and entry mode. A novel firm‐level database, EMENDATA, compiled by matching data from several available sources on various types of cross‐border deals and including information on group structure, provides a more accurate picture and enables new empirical analyses of the rapidly increasing presence of Chinese companies abroad. Based on this database, this paper offers a more precise assessment of the geographical and sector specialization patterns of Chinese outward foreign direct investment into Europe and suggests new avenues for future research.