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Do emerging-market multinational enterprises (EMNEs) innovate after they have acquired advanced countries' innovative firms and have invested in regions with high innovative capacity? Do EMNEs' absorptive capacity and status positively moderate the relationship between their post-deal innovative output and the innovative capacity of the target firm and/or region? We explore these questions by analyzing the universe of cross-border acquisitions accomplished by Chinese and Indian medium to high-tech firms in Europe (EU28) and the USA during 2003–2011. We find that EMNEs benefit from investing in regions with higher innovative capacities, with the exception of the most innovative hubs where post-acquisition impacts on EMNEs' innovative outputs turn out to be less straightforward than we expected. We also observe that EMNEs are often unable to benefit from innovative target firms, which is also in contrast with our predictions. Hence, we do not find conclusive evidence about the positive impact of EMNEs' investments in developed countries. Rather, we reverse this perspective and argue that it is not just a matter of how innovative the target actors are in the host country, but of whether the investing EMNEs are able to mobilize these actors' knowledge resources and interests to their own advantage. Only EMNEs with strong knowledge bases and high status standing can make it, the rest remain stranded, no matter how innovative their target firm or location is. [ABSTRACT FROM AUTHOR]

This paper explores the location strategies of multinational enterprises (MNEs) from emerging countries (EMNEs) in search for regional strategic assets. The analysis is based on a systematic comparison between EMNEs and multinationals from advanced countries (AMNEs) in order to unveil similarities and differences between these two major sources of foreign investment into the regions of the European Union. The empirical results suggest that EMNEs follow a distinctive logic in their location strategies. They are attracted by the availability of technological competences only when their subsidiaries pursue more sophisticated and technology-intensive activities. Conversely, EMNEs share some behavioural similarities with AMNEs in their response to the spatial agglomeration of investments. [ABSTRACT FROM AUTHOR]

This paper contributes to the literature on Chinese and Indian multinationals investing in Europe through an empirical investigation about their identity, their characteristics and the association between their features and their international strategies. The investigation exploits a database, named EMENDATA (Emerging Multinationals’ Events and Networks DATAbase), at the level of the investing firms. In relation to the mode of entry, we find that greenfield investments are a more likely option for large-sized companies. Moreover a high propensity for innovation is associated with a high probability to enter with an acquisition and with technological asset-seeking investments. Finally, high profitability is needed to invest in the EU-core countries. [ABSTRACT FROM PUBLISHER]

The article presents several charts depicting information on effect of Foreign Direct Investment on Chinese investor companies and increased productivity of emerging multinational enterprises in China.

This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional ‘social filter’ conditions. This makes it possible to empirically assess the different role played by such advantages in the location decision of investments at different stages of the value chain and disentangle the differential role of national vs. regional factors. The empirical analysis covers the EU-25 regions and suggests that regional socio-economic conditions are crucially important for the location decisions of investments in the most sophisticated knowledge-intensive stages of the value chain. [ABSTRACT FROM AUTHOR]

The article offers information on effect of outward Foreign Direct Investment (FDI) on investment firms' performance of emerging and developing countries. Topics discussed include productivity advantages enjoyed by multinational enterprises (MNE's) over other firms, investment of emerging economies' firms in broad to gain competitive advantages and strategic resources and possibilities of exploitation in scale economies due to increased operation scope of MNE's.

The article focuses on a analysis related to effect of outward Foreign Direct investment on performance of Chinese multinational enterprises in European countries. Topics discussed include increment in productivity and capital endowments registered by Chinese investors, possibility of increment in resource gaining process of firms in the country and domestic firms' internationalization pushed by government strategy's to rise Chinese investment.

There is mounting agreement that the global economy is at the nascent stage of a green transformation. In response, multinational enterprises (MNEs) are seeking to enhance their capabilities for sustainable innovation and many have started to globalise their green efforts. But to what extent and how (if at all) do green Foreign Direct Investments (FDIs) contribute to the deepening of sustainability capabilities? To address this question, we employ a novel dataset of 1217 green FDI in renewable energy sectors worldwide, during the period 1997 to 2015. A propensity score matching and difference-in-difference econometric strategy provides three main results. First, green FDIs enhance the overall orientation to sustainability of MNEs. They have both a greening effect on the firms' overall technology bases and increases specialization in specific green technologies. Second, green FDIs have a significant positive impact on the degree and quality of MNEs innovative capacity in sustainable technologies. In other words, the MNEs extend their innovative capabilities towards more sustainability-oriented direction and strengthen their innovation activities related to green technologies. Third, we find that the globalisation process mode matters: in the long run, green FDIs result in newly-established subsidiaries contributing more to innovativeness and greening than acquisition of foreign firms. These findings have important implications for policies designed to increase the sustainability transition. • GFDI enhances the overall sustainability-orientation of MNEs. • GFDI enhances the quantity and quality of green innovative capacity in MNEs. • GFDI enhances MNEs' specialization in specific green technologies. • Effects hold true for both green pure-players and multi-technology MNEs. • Effects from newly established subsidiary last longer than those from overseas acquisitions. [ABSTRACT FROM AUTHOR]

• Foreign ownership positively impacts on subsidiaries' green innovative capabilities. • MNE subsidiaries vis-à- vis domestic companies have green innovative advantage when they are in less developed but more innovative countries. • Green FDI is more effective when technologies are characterized by more taict knowledge, such as in wind when compared with Solar PV industry. • Cross-border acquisitions are more efficient at establishing green innovative capabilities than greenfield subsidiaries. • Countries with weaker green innovative capabilities can attract green FDI to enhance their contribution to the green transition. Technologies to mitigate climate change may diffuse from lead markets to the rest of the world through several mechanisms and make important contributions to the global green transformation. In this paper, we explore the role played by multinational enterprises (MNEs) in transferring knowledge and innovative capabilities in green technologies to their global subsidiaries. We posit that the degree of green knowledge transfer and innovative capability development in subsidiaries depend on: (i) the host country characteristics, (ii) the specific technology in question, and (iii) the mode of entry. The empirical analysis combines data on foreign direct investments with patent analysis. The results suggest that being a subsidiary of a green MNE has a positive impact on the number and quality of green patents produced locally. This green innovative advantage vis-à-vis domestic companies is larger in less developed countries and in those that are less reliant on oil rents, in particular if they already possess higher levels of relevant domestic innovative capacity. Furthermore, firm and sectoral characteristics also matter. The analysis suggests that green FDIs are more effective when technologies are characterized by low tradability and tacit knowledge. Finally, cross-border acquisitions are more efficient at strengthening green innovative capabilities than subsidiaries established with greenfield investments. [ABSTRACT FROM AUTHOR]