WHAT MAKES CHINA'S INVESTMENT SUCCESSFUL IN AFRICA: THE ENTREPRENEURIAL SPIRIT AND BEHAVIOR OF CHINESE ENTERPRISES IN TRANSITIONAL TIMES
Vol. Volume 17, Number 4 December/2012
Currently, much attention is paid to the political aims and influence of Chinese outward investment, especially in developing Africa. This paper tried to fill the knowledge-gap of international entrepreneurship literature by analyzing the entrepreneurial behavior of Chinese firms under the background of south-south economic cooperation. Through the cases, we analyze the distinctive entrepreneurial behaviors and characters of different types of Chinese firms with high entrepreneurial spirits in Africa during the transitional time. After comparing the different entrepreneurial behaviors between Chinese and West investors, this paper throws light on the potential positive roles of the entrepreneurial spirit, high risk-behavior and adaptability to foreign environment necessary to successfully seek new overseas opportunities by entrepreneurial actors from emerging market. Applications for firms’ managers and policy makers are also offered.
Chinese foreign direct investment, Africa, entrepreneurial spirit & entrepreneurial behavior