Internationalization of Chinese and Korean firms.

Yang, Xiaohua; Lim, Yong-taek; Sakurai, Yuka; Seo, Su-yea

This article compares and contrasts the growth of Chinese and Korean multinational enterprises (MNEs). The article identifies the similarities and differences between Chinese and Korean MNEs in terms of motivations for internationalization, expansion strategies, and paths. The goal of this article is to contribute to the literature by shifting focus on host-country conditions to home-country conditions in explaining the drivers for firms' internationalization. We conclude that firms are motivated to expand abroad when faced with domestic competitive disadvantages resulting from absence or deficiency of one or more of Porter's Diamond attributes in their domestic market. Implications for further studies are also explored. © 2009 Wiley Periodicals, Inc.

CHINA; KOREA; INTERNATIONAL business enterprises; GLOBALIZATION; COMMERCIAL markets; COMPETITIVE advantage in business; ECONOMIC competition

Thunderbird International Business Review, 2009, Vol 51, Issue 1, p37

1096-4762

Academic Journal

10.1002/tie.20243