CHINESE BUSINESS STRATEGY IN THE EUROPEAN AND LATIN AMERICAN ENERGY SECTORS - Governance dynamics and impacts on organizational performance

• Type: Article in International Conference Proceedings Book
• Date: 2017

Authors

Aquino, T (Author) Other; Guerra Mota, M (Author) Other; Soares, I (Author) FEP

Conference proceedings International

Title: PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON ENERGY AND ENVIRONMENT (ICEE 2017)

Pages: 388-396

3rd Internacional Conference on Energy and Environment (ICEE) - Bringing Together Economics and Engineering

Porto, PORTUGAL, JUN 29-30, 2017

Indexing

ISI Web of Knowledge - 0 Citations

Other information

Authenticus ID: P-00P-QJZ

Abstract (EN): China has become the second world power after its economic reforms and liberalization, promoting intense international commerce and important investment rates inside the country and abroad. This global strategy has led to change in the commercial, financial and production relations with impacts on the behavior of the world economy. The analysis of developments in the particular case of energy shows an increase of Chinese FDI that peaks during the European financial crisis and a slowdown from 2013-2014. Chinese direct investment in Europe (EU) was oriented both to acquisitions and to greenfield projects and its evolution has reacted to changes in energy sector regulatory conditions; feed-in tariffs; political framework for foreign FDI, privatizations on electricity infrastructures and technological innovation. Investment in the last decade shows that Latin America (LA) is the second region after Asia among Chinese resource receptors, followed by Europe. The comparison between Chinese OFDI in EU and LA, in the energy sector, shows SOEs strong presence in both areas, and private companies more in EU, through M&A and strategic assets. In LA, greenfield areas, resources and market were the main motivations. Our case study about REN presents some indicators pre-and post-entrance of the new Chinese investor.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 9