go overseas via direct investment internationalization strategy of chinese corporations in a comparative prism eunsuk hong department financial & management studies soas university london laixiang sun international institute for applied systems analysis laxenburg austria guanghua school peking beijing china this version 30 january 2004 abstract s success attracting the inflow foreign fdi has been well documented less known is initial going out which encourages domestic enterprises to participate capital market and directly invest paper assesses aggregate dynamics outward compares it with that south korea japan traces strategic shift presents case two multinationals are distinguished by their innovative strategies general particular also discusses implications emerging western counterpart please send correspondence prof thornhaugh street russell square wc1h
