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The paper aims to investigate outward foreign direct investment (OFDI) by Chinese state-owned enterprises (SOEs), aiming to unveil whether the Chinese OFDI policy acted as a country-specific advantage (CSA) that has been turned by Chinese firms, particularly SOEs, into a firm-specific advantage (FSA).

Using a data set spanning 18 years (1996-2013) on international mergers and acquisitions (IM&As) by Chinese companies (SOEs and private-owned enterprises – POEs) and drawing on extant literature, the paper systematically compares the behavior of Chinese SOEs and POEs, aiming to identify differences in their behavioral patterns that indicate that SOEs have benefitted more from policy-induced advantages than their private counterparts.

Among other aspects, significant differences were found regarding the behavior of SOEs vis-à-vis POEs that seem to show that SOEs had greater support from public entities, leading them to close larger deals and purchase more companies/stakes in cash; acquire firms with greater debt (implying higher interest payments); and purchase smaller stakes than POEs (indicating that there are other objectives than control). This lends support to the assumption that Chinese SOEs are “sitting on piles of cash”, and that the availability of capital acted as a CSA that has been transformed into an FSA by the companies involved, notably by SOEs.

The comprehensive and large-scale data set used includes wholly owned SOEs, leaving out of this research partially owned SOEs. The findings of this paper have implications for the discussion on competitive neutrality and for the academic, managerial and public policy debate.

To the best of the authors’ knowledge, this is the only study, to date, that shows systematic differences in financing patterns of OFDI (notably via IM&As) by Chinese SOEs and POEs, among other behavioral characteristics of both types of companies when conducting FDI abroad, linking that to CSAs and FSAs induced by CSAs.

This study aims to provide an exploratory analysis of a broad range of factors that may help to explain the rapid growth of Chinese private owned enterprises (POEs).

The analysis in this study takes advantage of an archival dataset constructed by the third author from proprietary data collected for a practitioner conference in China.

Consistent with research on entrepreneurs in Western economies, the individual characteristics of the Chinese founders showed weak correlations with sales growth, but measures of founder motivation did correlate with sales growth. While the results for company characteristics were also weak, most of the factors related to company governance, strategy, competitive advantage, and stakeholder trust all showed significant correlations with the POE's rates of sales growth.

The motivations of Chinese founders appear to matter more than their traits in explaining their ability to grow sales. Solid structure, strategy, and competitive advantages are important also. Building trust with stakeholders may facilitate growth by helping Chinese POEs bridge the institutional voids that they face.

The rapid growth of the Chinese economy and of Chinese POEs offers a unique content in which to study factors that may affect growth rates. However, obtaining reliable data on Chinese POEs is difficult; this study uses a proprietary dataset to offer a rare glimpse into the factors that may affect the sales growth rates of Chinese POEs.

Talent management (TM) is underdeveloped and TM recognition is unclear in the context of Chinese private‐owned enterprises (POEs). As talent definition is the basis of TM practices, the purpose of this paper is to explore talent definition and TM recognition in the context of Chinese real estate POEs, in order to explore how Chinese cultural context and POEs' characteristics influence talent definition and TM recognition.

In total, 27 semi‐structured interviews were conducted in three case study companies.

Based on qualitative analysis, the paper finds talent definition is influenced by the important Chinese cultural factor “guanxi” and is quite different from existing Western TM literature. TM recognition is also influenced by the Chinese POEs' operation characteristics.

The paper finds a new talent definition criterion, “guanxi”, and identifies TM recognition in the context of Chinese POEs. The paper thus contributes to TM literature in China.

As a result of a broad range of reforms, one significant change in the governance landscape in China is the multiple forms of enterprise ownership. This empirical study investigates differences between private and collective forms of organizations in China’s transformation economy on managerial beliefs, using the dimensions of trust and procedural justice and how these views influence managers’ decision‐making behavior. The findings of the study suggest that there are differences in the emphasis managers place on trust and procedural justice in collectively and privately owned enterprises and that these managerial beliefs have a positive effect on decision making within these forms of enterprise.

Institutional factors play an important and complex role in Chinese outward foreign direct investment (OFDI) location choices that do not seem to be influenced by a host country’s high political risks. Moreover, the location choice for OFDI is key to corporate strategic decision-making on internationalization. Therefore, this study aims to examine the direct investments of Chinese multinational enterprises (MNEs) in Laos.

Combining the purposive sampling strategy and snowball sampling method, the authors interviewed nine market- and resource-seeking Chinese enterprises in Laos. Drawing from the mainstream eclectic paradigm and the theory of new institutional economics, the authors analyzed two key variables – enterprise investment motivation and enterprise heterogeneity.

Chinese MNEs are not insensitive to the regressive institutional quality of host countries; the relationship effect and institutional distance are the location decision pathways along with which institutional factors influence Chinese multinationals’ investments in Laos; political stability is necessary for Chinese-funded enterprises to invest in Laos and the degree of corruption is an overestimated institutional preference factor.

The relationship effect is introduced into the analysis framework as an intermediate variable that influences the decision of MNEs to invest in countries with underdeveloped institutions. It verifies the significant roles of bilateral political relations and network relations in the OFDI location decisions of state-owned and private enterprises, respectively.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Drawing on the resource-based view, institutional logic and isomorphic pressure theories, this study constructed a theoretical model to explore the correlations between government subsidies and innovation performance. Particularly, this study aims to investigate the moderating effects of ownership types and degree of internationalization on these relationships.

To empirically test the relationships, the authors use panel data from high-tech manufacturing and automobile manufacturing industries in Chinese A stock listed companies for the period 2011–2015 and performed regression analysis.

Results indicate that government subsidies positively enhance enterprises’ innovation performance; there is a big gap between government subsidies’ incentive effect on innovation performance between state-owned enterprises (SOEs) and private-owned enterprises (POEs); with the improvement of internationalization, the promotion effect of government subsidies on enterprise innovation performance is strengthened; there is a three-way interaction between government subsidies, degree of internationalization and ownership types, such that in the presence of a low degree of internationalization, there is a big gap in the incentive effect of government subsidies on the innovation performance of SOEs and POEs; in the presence of a high degree of internationalization, the gap is significantly reduced.

This is an empirical study on the impact mechanism of ownership types and internationalization on the relationship between government subsidies and innovation performance in China. It provides valuable insights to show how internationalization can dramatically improve SOEs’ efficiency disadvantages in the allocation of government subsidies to innovation activities.

The purpose of this paper is to investigate factors that account for variations in the export performance between private‐owned enterprises (POEs) and state‐owned enterprises from the perspective of value chain.

The authors conducted empirical analysis with the panel data of 19 industrial sectors in China between 2005 and 2007.

This study finds that labor input, state ownership and vertical specialization have positive effects on export performance while capital and technology inputs have negative effects. In particular, the study found that the superior export performance of state‐owned enterprises to private‐owned ones can be mainly explained by their positions of vertical specialization in the upper stage along the industrial value chain.

The paper shows that, given the significance of POEs in China's economy and foreign trade, restrictions on POEs to enter certain high‐end industrial sectors should be relaxed and policy makers should undertake favourable policies to help POEs to engage in high‐end activities along the industrial value chain.

Although export performance has always been a heated topic in both economics and business studies, the value chain perspective has been rarely investigated and this paper fills the research gap.

This chapter provides research results from a study of contemporary leadership approaches (i.e., paternalistic, charismatic, transformational, aesthetic, authentic, and pragmatic leadership) in eight Chinese organizations. Data were collected from case studies in four private-owned enterprises (POEs) and four state-owned enterprises (SOEs) through both interviews and questionnaires. The main purpose of this chapter is to provide contextual analysis of these findings by applying the concept of field from Bourdieu's sociology. This research contributes to the leadership literature by generalizing Western leadership theories to the Chinese context as well as by giving an insight into contemporary leadership approaches in modern Chinese business by deeply contextualizing these leadership behaviors.

The purpose of this paper is to estimate the impact of China's outward foreign direct investment (OFDI) conducted by exporting firms on their productivity.

This study uses two Chinese firm-level datasets. To reduce the bias when merging the two datasets, this study uses a comprehensive link approach to obtain more observations. The propensity score matching method is employed together with the difference-in-difference and difference-in-difference-in-difference approaches to identify the casual effects.

The study finds that exporting firms become more productive through learning effect via OFDI, and the positive impact of OFDI on total factor productivity materializes very quickly but subject to diminishing return. The study also finds that state-owned enterprises gain less learning effect via OFDI than private-owned enterprises, and firms with higher export intensity or larger size tend to gain less improvement in productivity via OFDI.

This is one of the first studies to investigate empirically the impact of OFDI conducted by exporting firms on their productivity. In particular, the study analyzes three types of firm heterogeneous factors, namely, ownership, export intensity and size, in affecting exporting firms' learning effect via OFDI.