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 |
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School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
Depositing User: | Xiaming Liu |
Date Deposited: | 16 Mar 2017 13:10 |
Last Modified: | 02 Aug 2023 17:32 |
URI: | https://eprints.bbk.ac.uk/id/eprint/18369 |
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