Investigating Chinese Outward Foreign Direct Investments: How Can Firm‐Level Data Help?
20 Pages Posted: 20 Nov 2014
Date Written: November–December 2014
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.
Keywords: China, firm‐level data, foreign direct investment, multinational enterprise
JEL Classification: F21, F23
Suggested Citation: Suggested Citation