The operations of Chinese infrastructure multinationals in Africa : mediating two development processes / / Yuxuan Tang

• Record Nr.: UNINA9910495252803321
• Autore: Tang Yuxuan
• Pubbl/distr/stampa: Singapore : , : Palgrave Macmillan, , [2021]; ©2021
• ISBN: 981-16-2562-X
• Descrizione fisica: 1 online resource (288 pages)
• Disciplina: 337.6
• Soggetti: International business enterprises - Africa
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- Abstract -- Contents -- Abbreviations -- List of Figures -- List of Tables -- 1: Introduction of Study -- 1.1 Introduction -- 1.2 Why Focus on Infrastructure Investment and Infrastructure Multinationals? -- 1.2.1 Strategic Nexus of China's Operation in Africa -- 1.2.2 Framework of Infrastructure MNEs' Strategies in Developing Markets -- 1.3 Theoretical Contributions -- 1.4 Structure of Study -- Appendix: Example of Involvement of Chinese Firms in African Infrastructure -- Bibliography -- 2: Background of Chinese Outward FDI and Chinese MNEs in African Countries -- 2.1 Introduction -- 2.2 Overview of Chinese Outward FDI in Africa -- 2.3 Driving Force of China's Outward FDI to Africa -- 2.3.1 The Supply-Side -- 2.3.2 The Demand-Side -- Fulfilling the Requirements of China on Natural Resources -- Accelerating Optimisation of Industrial Structure -- Meeting the Development Needs of Africa on Infrastructure -- 2.3.3 Bilateral Investment Treaties -- 2.4 Modes of Infrastructure Related Investments -- 2.4.1 Combination of Funds Flow in Infrastructure Programme -- 2.4.2 Package Cooperation (Firms-Government) -- 2.4.3 Overseas Industrial Cooperation Zone (Firm-Level Operation) -- 2.4.4 Aid-Based Cooperation (Project-Government) -- 2.5 The Emergence of Chinese MNEs in Africa -- 2.5.1 Competitive Advantages of Chinese MNEs -- 2.5.2 Structure of Chinese Multinationals Corporations in Africa -- 2.5.3 Political Implications: Three Main Relationships of Chinese Multinationals in Africa -- 2.5.4 A ; Heterogeneous Continent: Africa in China's Eyes -- Bibliography -- 3: Literature Review -- 3.1 Introduction -- 3.2 Mainstream Theories -- 3.2.1 The Eclectic Paradigm -- 3.2.2 Strategic Motivations -- 3.2.3 FSA-CSA Framework for MNEs -- 3.2.4 The Institutional Perspectives: Home- and Host- Country -- 3.2.5 Location Choice.; 3.2.6 Political Economy and MNEs -- 3.2.7 Liability of Foreignness -- 3.3 Theoretical Perspectives on Rise of Chinese OFDI and MNEs -- 3.3.1 Competitive Advantages of Chinese MNEs -- 3.3.2 Motivations of Chinese MNEs -- 3.4 Debate on China in Africa -- 3.4.1 FDI and Infrastructure -- Role of Infrastructure in Attracting FDI -- Investing in Infrastructure -- 3.4.2 China and Africa -- Bibliography -- 4: Methodology and Data -- 4.1 Introduction -- 4.2 Feasibility of Mixed-Method Strategy -- 4.2.1 Mixed-Method Design for Telecommunication Cases -- 4.2.2 Single-Method Case Study Utilisation for Construction Sector -- 4.3 Quantitative Method -- 4.3.1 Model Specification -- 4.3.2 Maximum Likelihood Estimator -- 4.3.3 Criterion of Collection -- 4.4 Qualitative Data -- 4.4.1 Sample Characterises -- 4.4.2 Sample Selection -- Host Country -- Case Companies and Relevant Institutions -- Numbers of Cases -- 4.4.3 Structure of the Interviews -- Question Structure of ICT Firms -- Questions Structure of Construction Firms -- Questions Structure of Official/Governmental Institutions -- Organisation Type A -- Organisation Type B -- 4.5 Concluding Remarks -- Bibliography -- 5: Conceptualising Infrastructure Multinationals' Provision: Case of Chinese IMNEs in Africa -- 5.1 Introduction -- 5.2 The General Features of Infrastructure Investment -- 5.3 MNEs in Infrastructure and Development -- 5.4 Conceptualising Infrastructure Multinationals -- 5.4.1 Central Activity of Infrastructure MNEs: Infrastructure Project -- 5.4.2 Participants of Infrastructure Investment -- 5.4.3 Realising the Infrastructure Creation in Host Countries -- 5.5 The 'Traditional' and/or 'Enigmatic' Nature of Chinese IMNEs -- 5.5.1 Asset Firm Specific Advantages -- 5.5.2 Relationship Firm Specific Advantages -- 5.5.3 Developmental Country-specific Advantages.; 5.5.4 Institutional Country Specific Advantages -- 5.6 The Hierarchical Structure of Strategies -- 5.7 Concluding Remarks -- Bibliography -- 6: The Determinants and Motivations of Chinese Telecommunication MNEs in Africa: Effects of Host Countries' Economic Environment on IMNEs' Location Choice -- 6.1 Introduction -- 6.2 Study Propositions -- 6.2.1 New Varieties of State Ownership and Location Choices -- 6.2.2 Propositions -- Propositions on Determinants of Location Choice -- Proposition 5 Chinese IMNE in general will have a strong tendency to invest in countries with higher ranked institutions. For these in ICT the SOEs may be relatively less concerned by risky institutions than private ones with more direct concer -- Market-Seeking Potential -- Proposition 6a The greater the infrastructure gap at a host country the more scope that exists for IMNEs to benefit from participation. Proposition 6b For ICT IMNEs the more positive the signs for a country's market growth the mo -- 6.3 Methods -- 6.3.1 Model Specification -- 6.3.2 Data -- Variables -- Dependent Variable -- Independent Variables -- Macro-economic Environment -- FDI Experience for China -- National Attractiveness -- Diplomatic Ties -- Year Dummy -- Institutional Environment -- Market of Telecommunication Sector -- Knowledge Seeking/Efficiency Seeking -- 6.4 Results -- 6.4.1 The Country-level Determinants of Firm's Decision -- 6.4.2 The Firm Specific Motivations on Decision -- 6.5 Concluding Remarks -- Appendix -- Summary of Variable Construct, Measure Purposes and Data Sources -- Comparison of Two Companies -- Early Achievements of Market Activities in Africa -- Bibliography -- ; 7: Internationalisation and Development: Case Analysis of Chinese IMNEs in Mozambique and South Africa -- 7.1 Introduction -- 7.2 Government Bargaining Process -- 7.2.1 Bargaining Processes.; 7.2.2 Building Up the Relationship for Tier-one Bargaining -- Home Governments Perspectives -- Host Governments' Perspectives -- Multilateral Relationship -- 7.2.3 Tier-two Bargaining -- 7.3 Bilateral Governments' Roles in Infrastructure Investment -- 7.3.1 Host Government -- 7.3.2 Home Government -- 7.4 Country Specific Advantages -- 7.4.1 Home country CSAs -- 7.4.2 Host Country Specific Advantages -- Country Risk -- Corruption -- Democratic and Regulatory Environment -- Democratic Requirement -- 7.4.3 Countries Comparison-Political Implication -- South Africa -- Chinese Investment in South Africa -- Mozambique -- 7.5 IMNEs Firm-Level Performance in Africa -- 7.5.1 Sector Differences Drive Different Performances -- Sectors Comparison-Chinese Infrastructure Investment in ICT and Physical Construction -- Firm Specific Advantages -- Motivations -- Infrastructure Provision: Low Cost Technology to Fill in the Gap of Local Telecommunication -- Provision of Low Cost Technology -- Source of Donation -- Locally-Specific Production -- Leverage and Bidding -- Role of Subsidiary: Structure of Company -- Local Innovation -- Difficulties -- The Impact of Chinese Telecommunication Investment -- Contribution to the Group -- Contribution to Local Economy -- Technology Spillover -- General Analysis of Chinese Construction Sector -- Competition in Infrastructure Investment -- Differences between SOEs and POEs in Construction Provision: Outputs vs. Outcomes -- Expansion in Africa -- POE -- SOEs -- Motivation of Overseas Investment in Africa -- Lengthen of Investment -- Bidding and Leverage Process -- The Structure of Company: Organisation Hierarchy -- Difficulties -- Supply Chain -- POE -- SOE -- Contribution to Local Economy -- POE -- SOE -- 7.5.2 Ownership structure of IMNEs issues.; Ownership Structure Comparison-Three Major Types of Chinese IMNEs in Africa -- Private Firms in Infrastructure -- Provincial State-Owned Enterprises -- 7.6 Bilateral Development -- Appendix -- Bibliography -- 8: Conclusion -- 8.1 Background Review of China in Africa -- 8.2 Conceptualisation of IMNEs -- 8.3 Key Results -- 8.3.1 Determinants and Motivations of Location Choice -- 8.3.2 Mediating Development and Internationalisation Performance -- 8.4 Areas for Further Study -- Bibliography -- Index.