Spillovers and competition among foreign and local firms in China

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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.
Publisher
JOHN WILEY SONS LTD
Issue Date
2008-05
Language
English
Article Type
Article
Keywords

LEVEL PANEL-DATA; DIRECT-INVESTMENT; STRATEGIC GROUPS; DOMESTIC FIRMS; UNITED-STATES; MULTINATIONAL-ENTERPRISES; PRODUCTIVITY SPILLOVERS; EMERGING ECONOMIES; INTERFIRM RIVALRY; PARTNER SELECTION

Citation

STRATEGIC MANAGEMENT JOURNAL, v.29, no.5, pp.495 - 518

ISSN
0143-2095
DOI
10.1002/smj.674
URI
http://hdl.handle.net/10203/93181
Appears in Collection
MT-Journal Papers(저널논문)
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