Cross Border Mergers And Acquisitions And R & D Internationalization Strategy Of Chinese Automobile Manufacturing Enterprises

Integration of the global economic development made the domestic market and international market in a broader field and a deeper level of cooperation.Emerging market manufacturing enterprises are gradually increasing investment in foreign countries,and the development is very fast.The absorptive capacity of manufacturing enterprises is mainly determined by the innovation ability,the development scale and the system limitation of the host country.The theoretical basis of the research status at home and abroad and Chinese manufacturing research and development based on the internationalization,through the analysis of development process,enterprise Chinese manufacturing system from the angle of the basic situation and investment industry and the regional situation,Geely Group as an example of empirical analysis,and related assumptions on R & D internationalization of.In this paper,the following conclusions are drawn:(1)The main form in the development of the internationalization of the common,mainly in the form of National Center,the geographic center of centralization,decentralization,multi-center network structure and integrated network structure etc.The theory of R & D internationalization of developed countries is mainly based on internalization theory,monopoly advantage theory and international production compromise theory.The theories of R & D internationalization of transnational corporations in developing countries include small scale technology theory,technology localization theory and investment development cycle theory.(2)China manufacturing industry R & D internationalization mainly facing domestic enterprises will result in technological innovation,rely on R & D internationalization will cause security risks,technology R & D internationalization will cause the loss of the challenge of professional and technical personnel.at the same time,Chinese manufacturing industry R & D internationalization also exist in the cultivation and development,R & D internationalization helps technical talents in China R & D internationalization to help China's manufacturing enterprises development skills and the level of technology innovation and R & D internationalization helps in the formation of a healthy atmosphere of competition and a good benchmark effect on China manufacturing opportunities.(3)The results are as follows: the conclusion is that the higher level of the host country's institutional development of the subsidiary in the new market,the higher the innovation performance of the parent company.The degree of state ownership of emerging market firms can be negatively regulated by the host country's system and its impact on the innovation performance of its parent company.The absorptive capacity of an emerging market firm has a positive regulatory effect on the host system and the innovation performance of the parent company.The higher the geographical diversity of the foreign subsidiaries of the emerging market firms,the stronger the host country's institutional development will have a positive impact on the parent company's innovation performance.When a foreign subsidiary is a joint venture rather than a sole proprietorship,the positive impact of the institutional development of the host country on the innovation performance of the parent company will become stronger.Although international research has made some achievements in theory,but the theory is still a gap in the practice of enterprises and the process of analysis,concrete analysis of enterprise to enterprise based on the specific situation,and to propose specific measures.