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    Cultural proximity and local firms’ catch up with multinational enterprises

    Wang, J. and Liu, Xiaming and Wei, Y. and Wang, C. (2014) Cultural proximity and local firms’ catch up with multinational enterprises. World Development 60 , pp. 1-13. ISSN 0305750X.

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    Abstract

    Integrating and extending new growth theory and resource-based views, this paper provides a theoretical foundation for the catch-up hypothesis. It examines the role of technology gap, technological capability and cultural proximity in local firms’ catch-up with MNEs. Hypotheses are developed and tested with a dynamic model on a large firm-level panel dataset from Chinese manufacturing. The results confirm that catch-up is positively related to technology gap and technological capability. Furthermore, in the presence of cultural proximity, the speed of local Chinese firms’ catch-up with MNEs from Hong Kong, Macau and Taiwan is not significantly lower than that with other MNEs.

    Metadata

    Item Type: Article
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Depositing User: Xiaming Liu
    Date Deposited: 16 Mar 2017 13:10
    Last Modified: 16 Mar 2017 13:10
    URI: http://eprints.bbk.ac.uk/id/eprint/18369

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