@article{Zhang:199433,
      recid = {199433},
      author = {Zhang Y.},
      title = {Forest industry foreign investments: case study of three  companies in China},
      journal = {Scandinavian Forest Economics: Proceedings of the Biennial  Meeting of the Scandinavian Society of Forest Economics},
      address = {2012-05},
      number = {1333-2016-103866},
      pages = {15},
      year = {2012},
      abstract = {Internationalization of operations constitutes an  important part of the global
forest industry integration  process over recent decades. As a resource based
industry,  drivers of corporate expansion have been defined as both  resource
seeking and market seeking in the global context.  China is regarded as one of
the most dynamic countries with  development potential concerning both
resources and markets  to attract foreign direct investment (FDI). From 2004  to
2008, FDI in the forest industry in China has doubled  and FDI projects have
maintained around 550 cases annually.  The high density of investments has
raised critical issues  with respect to business ethics including  corporate
environmental sustainable development and  interactions with communities at
the local level. The aim  of this study is to use a case study approach to
compare  the process of FDI in the forest industry in China and to  explore the
sustainability of operations from corporate  governance viewpoint. Three case
companies headquartered in  Europe, North America and Asia were chosen.
Corporate FDI  strategies, financial performance, cooperation with  local
community and stakeholder involvement were evaluated  and compared.
Finally, managerial suggestions will be given  case by case referring to the
corporate sustainable  operations in China.},
      url = {http://ageconsearch.umn.edu/record/199433},
      doi = {https://doi.org/10.22004/ag.econ.199433},
}