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Investigating Chinese Outward Foreign Direct Investments: How Can Firm-level Data Help

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...

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Bibliographic Details
Published in:China & world economy 2014-11, Vol.22 (6), p.44-63
Main Authors: Amighini, Alessia, Cozza, Claudio, Rabellotti, Roberta, Sanfilippo, Marco
Format: Article
Language:English
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Summary: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.
ISSN:1671-2234
1749-124X
DOI:10.1111/cwe.12091