Cross-Cultural Cooperation and Innovation: An Exploration of Chinese Foreign Direct Investment in Europe

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Innovation: An Exploration of Chinese Foreign Direct Investment in Europe</title> <meta name="description" content="Cross-Cultural Cooperation and Innovation: An Exploration of Chinese Foreign Direct Investment in Europe"> <meta name="keywords" content="Cross-culture, FDI, China, Europe."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Cross-Cultural Cooperation and Innovation: An Exploration of Chinese Foreign Direct Investment in Europe"> <meta name="citation_author" content="Yongsheng Guo"> <meta name="citation_author" content="Shuchao Li"> <meta name="citation_publication_date" content="2024/03/29"> <meta name="citation_journal_title" content="International Journal of Economics and Management Engineering"> <meta name="citation_volume" content="18"> <meta name="citation_issue" content="3"> <meta name="citation_firstpage" content="200"> <meta 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href="https://publications.waset.org/search?q=Shuchao%20Li"> Shuchao Li</a> </p> <p class="card-text"><strong>Abstract:</strong></p> <p>This study explores Chinese Foreign Direct Investment (FDI) in Europe and the cross-cultural cooperation between Chinese and European managers. The aim of this research is to shed light on the phenomenon of investments in developed countries from an emerging market and to gain insights into the cooperation process. A grounded theory approach is adopted, and 46 semi-structured interviews were conducted with 10 case companies in Germany and 13 case companies in the UK. Grounded theory models are developed from primary data and interview quotes are used to support the themes. The interviewees perceived differences between the two parties in cultural traits, management concepts, knowledge structure and resource endowment between the two parties. Chinese and European partners can take advantage of different resources and cooperate in innovative ways to improve corporate performance. Moreover, both parties appreciate different ethical and cultural characteristics and complement each other to develop a combined organizational culture. This study proposes an ethical and cultural diversity theory in international management arguing that a team with diversified values and behaviours may be more excited and motivated. This study suggests that “resource complement” and “cross-cultural cooperation” might be an advantage for international investment. Firms are encouraged to open their minds and cooperate with partners with different resources and cultures. The authorities may review the FDI policies to reduce social and political barriers.</p> <iframe src="https://publications.waset.org/10013580.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=Cross-culture" title="Cross-culture">Cross-culture</a>, <a href="https://publications.waset.org/search?q=FDI" title=" FDI"> FDI</a>, <a href="https://publications.waset.org/search?q=China" title=" China"> China</a>, <a href="https://publications.waset.org/search?q=Europe." title=" Europe."> Europe.</a> </p> <a href="https://publications.waset.org/10013580/cross-cultural-cooperation-and-innovation-an-exploration-of-chinese-foreign-direct-investment-in-europe" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10013580/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10013580/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10013580/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10013580/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10013580/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10013580/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10013580/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10013580/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10013580/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10013580/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10013580.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">172</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] Commission, E., Investment from China to the EU and EU to China: Recent developments and perceptions. European External Action Service, 2020. <br>[2] Sousa, C. & Bradley, F., Cultural Distance and Psychic Distance: Two Peas in a Pod?”. Journal of International Marketing, 2006(14(1), 49-70). <br>[3] Gholami, R., & Drogendijk, R, Cultural intelligence and performance of international joint ventures: The mediating role of partner communication. Journal of World Business, 2016(51(3), 451-464). <br>[4] Rong, K., Lin, Z., & Xiao, S, The impact of cultural distance on international knowledge spillover: Evidence from the One Belt One Road Initiative. Journal of International Business Studies, 2019(50(6), 881-900). <br>[5] Li, Y., Li, S., & Li, G, The impact of cultural distance on Chinese firms’ innovation performance in Europe: The mediating role of absorptive capacity. Journal of Business Research, 2019(103, 447-457). <br>[6] Xu, D., & Shenkar, O, National culture, cultural distance, and cross-border acquisitions: Evidence from China’s outward acquisitions. Journal of International Business Studies, 2019(50(1), 88-114). <br>[7] Zhang, Y., & Ding, S, Cultural distance, cross-border M&A, and target firms’ performance: Evidence from China. International Business Review, 2018(27(2), 544-557). <br>[8] Luo, Y. and R.L. Tung, A general theory of springboard MNEs. Journal of International Business Studies, 2018. 49: p. 129-152. <br>[9] Chen, X., & Chen, X., When does culture matter? The role of cultural similarity in cross-border mergers and acquisitions. Journal of International Business Studies, 2018(49(8), 963-989.). <br>[10] Li, Y., Li, S., & Li, G, The impact of cultural similarity on the performance of Chinese FDI in Europe: The moderating role of marketing capability and competitive advantage. Journal of Business Research, 2020(115, 358-366). <br>[11] Ding, X., & Zhang, H, Cultural intelligence and organizational innovation in multinational corporations: The moderating role of global mindset. 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Journal of personality and social psychology, 2002. 82(6): p. 878. <br>[27] Kratz, A., Zenglein, M., Sebastian, G. and Witzke, M, Chinese FDI in Europe: 2022 Update, Rhodium Group, May 9, 2023. </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational anniversary</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Account <li><a href="https://waset.org/profile">My Account</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Explore <li><a href="https://waset.org/disciplines">Disciplines</a></li> <li><a href="https://waset.org/conferences">Conferences</a></li> <li><a href="https://waset.org/conference-programs">Conference Program</a></li> <li><a href="https://waset.org/committees">Committees</a></li> <li><a href="https://publications.waset.org">Publications</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Research <li><a href="https://publications.waset.org/abstracts">Abstracts</a></li> <li><a href="https://publications.waset.org">Periodicals</a></li> <li><a href="https://publications.waset.org/archive">Archive</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Open Science <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Philosophy.pdf">Open Science Philosophy</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Award.pdf">Open Science Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Society-Open-Science-and-Open-Innovation.pdf">Open Innovation</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Postdoctoral-Fellowship-Award.pdf">Postdoctoral Fellowship Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Scholarly-Research-Review.pdf">Scholarly Research Review</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Support <li><a href="https://waset.org/page/support">Support</a></li> <li><a href="https://waset.org/profile/messages/create">Contact Us</a></li> <li><a href="https://waset.org/profile/messages/create">Report Abuse</a></li> </ul> </div> </div> </div> </div> </div> <div class="container text-center"> <hr style="margin-top:0;margin-bottom:.3rem;"> <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank" class="text-muted small">Creative Commons Attribution 4.0 International License</a> <div id="copy" class="mt-2">© 2024 World Academy of Science, Engineering and Technology</div> </div> </footer> <a href="javascript:" id="return-to-top"><i class="fas fa-arrow-up"></i></a> <div class="modal" id="modal-template"> <div class="modal-dialog"> <div class="modal-content"> <div class="row m-0 mt-1"> <div class="col-md-12"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> </div> </div> <div class="modal-body"></div> </div> </div> </div> <script src="https://cdn.waset.org/static/plugins/jquery-3.3.1.min.js"></script> <script src="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/js/bootstrap.bundle.min.js"></script> <script src="https://cdn.waset.org/static/js/site.js?v=150220211556"></script> <script> jQuery(document).ready(function() { /*jQuery.get("https://publications.waset.org/xhr/user-menu", function (response) { jQuery('#mainNavMenu').append(response); });*/ jQuery.get({ url: "https://publications.waset.org/xhr/user-menu", cache: false }).then(function(response){ jQuery('#mainNavMenu').append(response); }); }); </script> </body> </html>

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Cross-Cultural Cooperation and Innovation: An Exploration of Chinese Foreign Direct Investment in Europe