Global Economics & Management
The MIT Sloan China Seminar Series—made possible by the generosity of Mr. Xianhong Wu—are held once a month, and details are listed in the schedule below. Hours for all seminars are 11:30 a.mm - 1:00 p.m., and lunch is provided. Papers are available upon request. To request papers, or for further information, please email Mengying Wu at email@example.com.
September 25, 2018
Minyuan Zhao, Associate Professor of Management, the Wharton School, University of Pennsylvania
Intellectual Property (IP) Strategies in China: A Global Perspective
September 25, 11:30 AM-1:00 PM,
Abstract: The IP environment has long been a major concern for multinational enterprises (MNEs) managing and competing in China. This talk discusses how MNEs can leverage their unique advantages and play a global game in their development, protection, and commercialization of IP in China. In particular, cross-border R&D teams, strategic choice of litigation locations, and entry decisions across the value chain are shown to reduce the impact of knowledge leakage and lower institutional risks. Meanwhile, leveraging the Chinese environment, such as the government’s promotion of strategic industries and speedy court decisions in certain technological sectors, also have important implications for the global competition among MNEs.
October 25, 2018
Meg Rithmire, F. Warren McFarlan Associate Professor of Business of Administration, Harvard Business School
Going Out or Opting Out? The Domestic Politics of Chinese Firms’ Internationalization
October 25, 11:30 AM-1:00 PM
Abstract: Chinese overseas investment has risen exponentially in the last ten years. An earlier literature viewed Chinese OFDI as dominated by large SOEs and concentrated in extractive industries. In the last six years, however, private sector investment has accelerated and Chinese OFDI spans sectors and geographies. I draw on extensive interviews and site visits with Chinese firms, regulators, and host countries and partners as well as an original database of all overseas M&A transactions of Chinese firms over the last 18 years to examine the motivations and strategies of Chinese firms going abroad. I find that firm strategies differ according to their domestic political position, and that much of the overseas investment since 2013 can be attributed to asset expatriation strategies on the part of “crony” capital. CCP policy toward capital liberalization is also a reflection of the heterogeneity of domestic firms: swings in policy can be explained by the CCP’s desire to make different policies for different kinds of capital. The research contributes to understandings of state-business relations in China and updates our knowledge of overseas investment from China.
November 29, 2018
Chang-Tai Hsieh, University of Chicago, Booth School of Business
November 29, 2018