The distinct contribution of investment promotion agencies’ branch offices in bringing Chinese multinationals to Europe |
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| Authors: | Jan Knoerich Simon Vitting |
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| Institution: | 1. University of Queensland Business School, Brisbane, Australia;2. INSEAD, Fontainebleau, France;3. National and Kapodistrian University of Athens, Athens, Greece |
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| Abstract: | This study uncovers the distinct contribution of investment promotion agencies’ (IPAs) overseas branch offices in advancing and even creating foreign direct investment. It offers a novel categorisation of IPAs depending on location and headquarter/branch status, and conceptually connects the known functions of IPAs with the advantages set out by the OLI paradigm. Empirical examination of longitudinal data from 29 European IPAs finds that the activities of their branches in China instilled greater awareness and confidence in Chinese multinational enterprises about their ownership- and European location-specific advantages. This contribution of IPA branches is especially salient in emerging economies with newcomer investors. |
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| Keywords: | Investment promotion agency (IPA) Foreign direct investment (FDI) Emerging multinational enterprises (EMNEs) OLI paradigm China Europe |
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