Internationalization within networks: Exploring the relationship between inward and outward FDI in China’s auto components industry

This is the author accepted manuscript. The final version is available from Springer via https://doi.org/ 10.1007/s10490-015-9422-3We explore how the outward FDI strategies of Chinese auto component MNCs are shaped by sub-contracting supply relationships established with developed market MNCs. We argue the strong presence of foreign MNC business networks developed through prior inward FDI constitutes an important home country effect influencing the outward FDI strategies of emerging market MNCs. Using the updated internationalization process model, we show how commitment to business networks is a critical mechanism driving the internationalization trajectories of Chinese auto component MNCs. This includes geographic location choices to psychically distant developed markets, strategic asset seeking orientation, pace of internationalisation and entry mode decisions

Chinese MNE Acquisition of Unrelated Foreign Businesses: The Role of Diversified Business Group Affiliation, Private Ownership and Strategic Asset Seeking

While the acquisition by Chinese firms of unrelated foreign businesses has become quite common, it is a highly risky undertaking not fully explained by international business scholars. Using resource-based and institutional theory, we hypothesize that affiliation with a domestically diversified business group confers pre- and post-acquisition advantages and legitimacy, fostering unrelated foreign acquisitions. In addition, we argue that private ownership as well as a motive to seek strategic assets amplify this tendency among Chinese firms affiliated to diversified groups. Ordered logit modelling for 662 Chinese cross-border M&As over a 10-year period provides support for our hypotheses. Our findings shed new light on: the distinctive characteristics of Chinese MNEs; broader conceptual arguments regarding the strategy of emerging market MNEs; the apparent paradox of why Chinese MNEs have used international acquisitions to diversify at a time when many Western diversified conglomerates are divesting non-core businesses

Tracking icebergs with time-lapse photography and sparse optical flow, LeConte Bay, Alaska, 2016–2017

We present a workflow to track icebergs in proglacial fjords using oblique time-lapse photos and the Lucas-Kanade optical flow algorithm. We employ the workflow at LeConte Bay, Alaska, where we ran five time-lapse cameras between April 2016 and September 2017, capturing more than 400 000 photos at frame rates of 0.5–4.0 min−1. Hourly to daily average velocity fields in map coordinates illustrate dynamic currents in the bay, with dominant downfjord velocities (exceeding 0.5 m s−1 intermittently) and several eddies. Comparisons with simultaneous Acoustic Doppler Current Profiler (ADCP) measurements yield best agreement for the uppermost ADCP levels (∼ 12 m and above), in line with prevalent small icebergs that trace near-surface currents. Tracking results from multiple cameras compare favorably, although cameras with lower frame rates (0.5 min−1) tend to underestimate high flow speeds. Tests to determine requisite temporal and spatial image resolution confirm the importance of high image frame rates, while spatial resolution is of secondary importance. Application of our procedure to other fjords will be successful if iceberg concentrations are high enough and if the camera frame rates are sufficiently rapid (at least 1 min−1 for conditions similar to LeConte Bay).This work was funded by the U.S. National Science Foundation (OPP-1503910, OPP-1504288, OPP-1504521 and OPP-1504191).Ye

Internationalization within networks: Exploring the relationship between inward and outward FDI in China’s auto components industry

This is the accepted manuscript. It is currently embargoed pending publication.We explore how the outward FDI strategies of Chinese auto component MNCs are\ud shaped by sub-contracting supply relationships established with developed market MNCs.\ud We argue the strong presence of foreign MNC business networks developed through prior\ud inward FDI constitutes an important home country effect influencing the outward FDI\ud strategies of emerging market MNCs. Using the updated internationalization process model,\ud we show how commitment to business networks is a critical mechanism driving the\ud internationalization trajectories of Chinese auto component MNCs. This includes geographic\ud location choices to psychically distant developed markets, strategic asset seeking orientation,\ud pace of internationalisation and entry mode decisions