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The Internationalisation of Mainland Chinese Firms into Malaysia: From Obligated Embeddedness to Active Embeddedness.
- Source :
- Journal of Current Southeast Asian Affairs; 2014, Vol. 33 Issue 2, p59-90, 32p
- Publication Year :
- 2014
-
Abstract
- This paper examines the rationale by which mainland Chinese firms choose their coalition partners in their Malaysian ventures. I explore how, under certain political economic conditions, such cross-border investment and corporate tie-ups can be shaped to meet the Malaysian state's objectives. I argue that the Malaysian state has enjoyed success in the construction sector by nurturing cooperation between its carefully groomed government-linked companies and mainland Chinese firms. Government-linked companies are useful coalition partners for the mainland Chinese firms because of the crucial role the state plays in creating a largely non-competitive industry that favours government-linked companies. Outside of the construction sector, however, the state has enjoyed markedly less success in fostering cooperation between the mainland Chinese firms and the government-linked companies. Consequently, the mainland Chinese firms possess more bargaining power vis-à-vis the state when they invest in these sectors, enjoying considerable autonomy in the selection of their coalition partners. [ABSTRACT FROM AUTHOR]
- Subjects :
- GLOBALIZATION
BUSINESS enterprises
BARGAINING power
Subjects
Details
- Language :
- English
- ISSN :
- 18681034
- Volume :
- 33
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Journal of Current Southeast Asian Affairs
- Publication Type :
- Academic Journal
- Accession number :
- 99102209
- Full Text :
- https://doi.org/10.1177/186810341403300203