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 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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