Created Asset Theory and International R&D of Chinese Enterprises
Based on a general review of international R&D theories, this paper examines the status quo of current world researches along with Chinese enterprises' practices and theories of internationalization. After an analysis on the theoretical inadequacy of Chinese enterprises' internationalization, the paper proposes Created Assets theory as instructive for Chinese enterprises' internationalization, and suggests an interactive and circulating model of inward and outward internationalization for Chinese enterprises to acquire international R&D capability, in view of the fact that many multinational companies are setting-up R&D centers in China and that international competition becomes more domesticated in the Chinese market.
created assetsinternationalization of R&Dinward internationalizationoutward internationalization