{"id":48112,"date":"2023-11-20T15:34:20","date_gmt":"2023-11-20T14:34:20","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/small-and-internationalised-firms-competing-with-chinese-exporters\/"},"modified":"2024-04-22T19:31:48","modified_gmt":"2024-04-22T17:31:48","slug":"small-and-internationalised-firms-competing-with-chinese-exporters","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48112\/","title":{"rendered":"Small and Internationalised Firms Competing with Chinese Exporters"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48112","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The import competition literature suggests that Chinese industrial policies and technological trends have altered the nature of competition with China so that it does not take place on a level playing field anymore. Empirical evidence about firms' reactions in developed economies to competition with China is inconclusive, however. This paper studies how small, highly internationalised and specialised firms react to the growing penetration of Chinese exporters on their markets. We use a sample of Austrian manufacturing companies to explore the impact of increasing competition on changes in corporate strategy. We propose a novel indicator capturing import competition that highly internationalised companies face. We examine how firms adapt their search strategies related to technological capabilities and markets. While the exposure to Chinese competition has been on average relatively low, its impact on diversification choices has been significant. Companies exposed to growing Chinese competition are more likely to diversify their geographic markets, but less likely to diversify their product portfolio or broaden their competence base. These patterns are also reflected by changes in trade data.","onlinedate":"2022-12-19 12:00:00","lang":"English","publication_series":"","publication_date":"20221201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"54","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":259662,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"654","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2022-12-19 12:00:00","types":[44410],"research_groups":[3491],"collaboration":"","persons":[3587,17811],"persons_data":"[{\"personId\":3587,\"personName\":\"Klaus Friesenbichler\",\"organisationNames\":[]},{\"personId\":17811,\"personName\":\"Andreas Reinstaller\",\"organisationNames\":[]}]","clients":[10660],"subclients":[],"partners":[],"topics":[40955],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Friesenbichler, K.<\\\/span>, &amp; Reinstaller, A. (2022). <span>Small and Internationalised Firms Competing with Chinese Exporters<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (654).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Friesenbichler K<\\\/span>, Reinstaller A. <span class=\\\"title\\\"><span>Small and Internationalised Firms Competing with Chinese Exporters<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2022 Dec;(654).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{afb016593f4241a1bce7d39ffb3a9535,<\\\/div><div>  title    = \\\"Small and Internationalised Firms Competing with Chinese Exporters\\\",<\\\/div><div>  abstract = \\\"The import competition literature suggests that Chinese industrial policies and technological trends have altered the nature of competition with China so that it does not take place on a level playing field anymore. Empirical evidence about firms' reactions in developed economies to competition with China is inconclusive, however. This paper studies how small, highly internationalised and specialised firms react to the growing penetration of Chinese exporters on their markets. We use a sample of Austrian manufacturing companies to explore the impact of increasing competition on changes in corporate strategy. We propose a novel indicator capturing import competition that highly internationalised companies face. We examine how firms adapt their search strategies related to technological capabilities and markets. While the exposure to Chinese competition has been on average relatively low, its impact on diversification choices has been significant. Companies exposed to growing Chinese competition are more likely to diversify their geographic markets, but less likely to diversify their product portfolio or broaden their competence base. These patterns are also reflected by changes in trade data.\\\",<\\\/div><div>  keywords = \\\"Import competition, China, Austria, Strategy, Diversification, Manufacturing, Small and medium-size Enterprises, Befragung der Industrie\\\",<\\\/div><div>  author   = \\\"Klaus Friesenbichler and Andreas Reinstaller\\\",<\\\/div><div>  note     = \\\"Small and Internationalised Firms Competing with Chinese Exporters\\\",<\\\/div><div>  year     = \\\"2022\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Small and Internationalised Firms Competing with Chinese Exporters<\\\/p><p>AU  - Friesenbichler, Klaus<\\\/p><p>AU  - Reinstaller, Andreas<\\\/p><p>N1  - Small and Internationalised Firms Competing with Chinese Exporters<\\\/p><p>PY  - 2022\\\/12<\\\/p><p>Y1  - 2022\\\/12<\\\/p><p>N2  - The import competition literature suggests that Chinese industrial policies and technological trends have altered the nature of competition with China so that it does not take place on a level playing field anymore. Empirical evidence about firms' reactions in developed economies to competition with China is inconclusive, however. This paper studies how small, highly internationalised and specialised firms react to the growing penetration of Chinese exporters on their markets. We use a sample of Austrian manufacturing companies to explore the impact of increasing competition on changes in corporate strategy. We propose a novel indicator capturing import competition that highly internationalised companies face. We examine how firms adapt their search strategies related to technological capabilities and markets. While the exposure to Chinese competition has been on average relatively low, its impact on diversification choices has been significant. Companies exposed to growing Chinese competition are more likely to diversify their geographic markets, but less likely to diversify their product portfolio or broaden their competence base. These patterns are also reflected by changes in trade data.<\\\/p><p>AB  - The import competition literature suggests that Chinese industrial policies and technological trends have altered the nature of competition with China so that it does not take place on a level playing field anymore. Empirical evidence about firms' reactions in developed economies to competition with China is inconclusive, however. This paper studies how small, highly internationalised and specialised firms react to the growing penetration of Chinese exporters on their markets. We use a sample of Austrian manufacturing companies to explore the impact of increasing competition on changes in corporate strategy. We propose a novel indicator capturing import competition that highly internationalised companies face. We examine how firms adapt their search strategies related to technological capabilities and markets. While the exposure to Chinese competition has been on average relatively low, its impact on diversification choices has been significant. Companies exposed to growing Chinese competition are more likely to diversify their geographic markets, but less likely to diversify their product portfolio or broaden their competence base. These patterns are also reflected by changes in trade data.<\\\/p><p>KW  - Import competition<\\\/p><p>KW  -  China<\\\/p><p>KW  -  Austria<\\\/p><p>KW  -  Strategy<\\\/p><p>KW  -  Diversification<\\\/p><p>KW  -  Manufacturing<\\\/p><p>KW  -  Small and medium-size Enterprises<\\\/p><p>KW  -  Befragung der Industrie<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Small and Internationalised Firms Competing with Chinese Exporters - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/48112\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small and Internationalised Firms Competing with Chinese Exporters\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/48112\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-22T17:31:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48112\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48112\\\/\",\"name\":\"Small and Internationalised Firms Competing with Chinese Exporters - 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