Famous British academic publishing houses Emerald Group recently released a list of papers for the 2015 annual "Outstanding Paper Award" and "Highly Commended Award". Professor Wu Xianming from the School of Economics and Management has won the "Highly Commended Award" as the first author of a paper. Every year, the Group will select one paper for "Outstanding Paper Award" and no more than three papers for "Highly Commended Award" from its periodicals in recognition of their excellence in scientific research and outstanding contributions.
The paper of Professor Wu Xianming, entitled Innovation Outcomes of Knowledge-Seeking Chinese Foreign Direct Investment, published in the first issue of 2015 in the Chinese Management Research, it put forward the function and mechanism model of knowledge-seeking Chinese enterprises foreign direct investment on innovation performance. Unlike most case studies or research on wealth effect, this paper adopts the method of large sample empirical research, examines in a systematic manner the impact of Chinese enterprises' overseas M&A on innovation performance, it reveals the internal mechanism of how latecomer firms, which lacks monopolistic advantage, realize innovation and catching up through overseas acquisitions and overseas R&D.
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