Locational determinants of internationalization: A firm-level analysis of Chinese and Indian acquisitions

On the basis of a global firm-level dataset of Chinese and Indian acquisitions, this paper analyzes how country-, industry- and firm-specific determinants affect their location choice. Using conditional logit models, the importance and impact of the market and institutional environment, and the natural resource and strategic asset endowment of host countries are assessed for acquisitions in different industries, in particular, the mining and high-tech sectors.