FH-WORKING PAPERS

ÖKONOMISCHE ANSÄTZE ZUR ERKLÄRUNG DER ATTRAKTIVITÄT EUROPÄISCHER STAATEN FÜR CHINESISCHE DIREKTINVESTITIONEN

Authors
Nathalie Homlong, Elisabeth Springler
Publication date
28.08.2016
Course of studies
HQ-Standort Wien
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ABSTRACT

In the last years Chinese companies have increasingly become important investors beyond the country’s own borders. A majority of China’s outward foreign direct investments (OFDI) are conducted in Asia (about 62% of OFDI flows in 2013). While only about 6% of Chinese outward foreign direct investments are directed at Europe (OFDI flows in 2013; EY 2015), strong increases can be observed in recent years. However, Chinese investments are strongly concentrated in a few European countries. With just EUR 436 million out of a total of almost EUR 46 billion in Chinese OFDI to EU member countries (cumulative FDI stocks from China 2000-2014; Haneman / Huotari 2015), Austria is among the European countries that have received only little OFDI from China. This holds in spite of the fact that Austria has managed to attract relatively high levels of FDI in general. This raises the question, which location factors are of importance for Chinese companies when taking their location decision in Europe. To analyze the research question, the paper is focusing on Austria as well as other small economies that are member states of the European Union. Criteria for attractiveness for FDI are deducted from an alternative Approach of economic theories and are applied for Austria. Results from expert interviews are applied to the theoretically deducted variables and discussed for the specific situation in Austria.
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