FROM BEIJING TO MADRID: PROFILES OF CHINESE INVESTORS IN SPAIN

Main Article Content

Federico Carril-Caccia
Juliette Milgram Baleix

Abstract

We study the profiles of Chinese investors in Spain. To this end, we rely on firm-level data and on primary data obtained through a questionnaire. We focus on projects in manufacturing, renewable energy and wholesale and retail trade. Chinese firms investing in manufacturing aim to acquire and develop new capabilities and to access not only the Spanish market but also other markets inside and outside the EU. Chinese investors in renewables are also export-oriented but, unlike firms in other sectors, they particularly appreciate the qualifications of Spanish workers. In wholesale, Chinese firms are more attracted by Spanish consumers: their main interests consist in acquiring new capabilities, making their brand known and supporting their exports to Spain. The present study might be useful for practitioners seeking to better understand the strategy, opportunities and risks of these new players in the Spanish market

Article Details

Section

Business Internationalization

Author Biographies

Federico Carril-Caccia, Universidad de Granada

Doctorando del Programa de doctorado en Ciencias Económicas y Empresariales de la Universidad de Granada. Departamento de Teoría e Historia Económica. 

Investigación en Inversión Extranjera Directa. 

Juliette Milgram Baleix, Universidad de Granada

Profesora titular del Departamento de Teoría e Historia Económica de la Facultad de Ciencias Económicas y Empresariales de la Universidad de Granada.

How to Cite

FROM BEIJING TO MADRID: PROFILES OF CHINESE INVESTORS IN SPAIN. (2016). UCJC Business and Society Review (formerly Known As Universia Business Review), 51. https://doi.org/10.3232/UBR.2016.V13.N3.04

References

Amal, M., Awuah, G. B., Raboch, H., & Andersson, S. (2013). “Differences and similarities of the internationalization processes of multinational companies from developed and emerging countries”. European Business Review, 25(5), 411-428.

Amighini, A. A., Rabellotti, R., & Sanfilippo, M. (2013). “Do Chinese state-owned and private enterprises differ in their internationalization strategies?”. China Economic Review, 27, 312-325.

Bayraktar, N. (2013). “Foreign Direct Investment and Investment Climate”. Procedia Economics and Finance, 5, 83-92.

Buckley, P. J., Clegg, L. J., Cross, A. R., Liu, X., Voss, H., & Zheng, P. (2007). “The determinants of Chinese outward foreign direct investment”. Journal of International Business Studies, 38(4), 499-518.

Child, J., & Rodrigues, S. B. (2005). “The internationalization of Chinese firms: A case for theoretical extension?”. Management and Organization Review, 1(3), 381-410.

Dunning, J. H. (1993). “Internationalizing Porter's diamond”. MIR: Management International Review, 7-15.

Ekholm, K., Forslid, R., & Markusen, J. R. (2007). “Export‐Platform Foreign Direct Investment”. Journal of the European Economic Association, 5(4), 776-795.

ESADE. (2014). “Chinese Investment in Europe 2014”. ESADE China Europe Club. Retrieved from http://www.esadegeo.com/china-about

ESADE. (2015). “Chinese Investment in Europe 2015-16”. ESADE China Europe Club. Retrieved from http://www.esadegeo.com/china-about

Gallagher, K. P., & Irwin, A. (2014). “Exporting National Champions: China's Outward Foreign Direct Investment Finance in Comparative Perspective”. China & World Economy, 22(6), 1-21.

Goy-Yamamoto, A., M. & Navarro, A. (2008). “¿Cómo Fomentar la Inversión Asiática en España?”. Documento de Trabajo 18/2008. Madrid, Spain: Fundación Alternativas

Harrison, A. (1995). “The role of multinationals in economic development: the benefits of FDI”. The Columbia Journal of World Business, 29(4), 6-11.

Horstmann, I. J., & Markusen, J. R. (1987). “Strategic investments and the development of multinationals”. International Economic Review, 109-121.

Hymer, S. H. (1976). “The international operations of national firms: A study of direct foreign investment”. (Vol. 14). Cambridge, MA: MIT press.

Johanson, J., & Vahlne, J. E. (1977). “The internationalization process of the firm—a model of knowledge development and increasing foreign market commitments”. Journal of International Business Studies, 8(1), 23-32.

Krugman, P. (2000). “Fire-sale FDI. In Capital flows and the emerging economies: theory, evidence, and controversies”. (pp. 43-60). University of Chicago Press.

Lemoine, F. (2013). “From foreign trade to international investment: a new step in China’s integration with the world economy”. Economic Change and Restructuring, 46(1), 25-43.

Luo, Y., & Tung, R. L. (2007). “International expansion of emerging market enterprises: A springboard perspective”. Journal of International Business Studies, 38(4), 481-498.

Perea, E., & Ripoll i Alcon, J. (2014). “A profile of Spanish firms in China: reasons to set up business and future perspectives”. Universia Business Review, 43, 58-82.

Quer Ramón, D., Claver Cortés, E., & Rienda García, L. (2015). “Las multinacionales chinas en España. Situación actual y retos de futuro”. Boletín económico de ICE, Información Comercial Española, 3064, 35-44.

Sáez, L. (2010). “Chinese Outward Direct Investments in Spain”. Chatham House Programme Paper, 2010.

UNCTAD. (2006). “World Investment Report 2006: FDI from Developing and Transition Economies: Implications for Development”. New York: United Nations.

UNCTAD. (2015). “World Investment Report 2015: Reforming international investment governance”. New York: United Nations.