Location Choices of Chinese Multinationals in Europe: The Role of Overseas Communities
研究分析了2003-2010年中国企业在欧洲26国的绿地投资数据，发现海外华人社区通过提供战略信息显著影响投资区位选择，且这一效应在知识密集型行业和高附加值功能中更强。
Overseas Chinese communities are an important determinant in the location choice of greenfield investments made by mainland Chinese multinational enterprises across European regions. Conceptually embedded in a relational approach, this effect is shown through an empirical analysis of an exhaustive set of investment projects across NUTS-1 regions in twenty-six European countries for the period 2003\\xe2\\x80\\x932010. When controlling for endogeneity bias and the embeddedness of existing Chinese economic activity, we find that the importance of overseas communities in the location choices of Chinese firms is based on increased access to strategic information. Our results confirm that the relationship between the size of an overseas Chinese community and the probability of Chinese investment is stronger for communities hosting newer generations of Chinese migrants; in addition, they partially corroborate that this relationship is stronger when the education level of the community\\xe2\\x80\\x99s Chinese migrants is higher. Our findings are particularly robust in the context of knowledge-intensive sectors and high value-added functions.