1. Introduction
Since the 90s in the 20th century, with the acceleration of global economic integration, the number of multinational companies around the world increased rapidly. According to statistics, in 2000 the world's multinational companies have soared to 63,459, with overseas subsidiaries and institutions 700,000, its output value accounts for about one-third of global output, trade volume has accounted for 60% of the total world trade and foreign direct investment has accounted for about 90% of a global cross-border direct investment, transnational corporations in world economic development play increasingly important roles (Robert J. Carbaugh, 2002).
Company's internationalization has become comparable to another modern world's economic development landscape of economic globalization (Arvind C. Phatak, 1997). The emergence of multinational corporations is not the result of economic globalization, but the multinational corporations in the world market of conquest and occupation of any one market niche can be occupied by a strong desire to expand, but it is a tremendous driving force to promote economic globalization. Therefore, the company's internationalization and economic globalization are mutual support, www.51lunwen.orgmutual benefit, the company's urgent request becomes the internal driving force for an international promotion of economic globalization, economic globalization has also provided for the company to develop an international space and for multinational corporations to achieve their great dream provide a broad stage for performances (Volker Nocke and Stephen Yeaple, 2007).
2. Case analysis of Vivendi Water cross-border investment on Baoji water project
2.1 Introduction of Vivendi Water Company
2.2 Strategic analysis of Vivendi Water to conduct cross-border investment in China
2.3 The formation of operating companies
3. Transnational investment choices of Vivendi Water
3.1 Alternative ways of Vivendi Water investment in water projects in Baoji
3.2 Joint venture mode choice analysis
4. Conclusion
References
Arvind C. Phatak (1997) International Management: Concepts and Cases，South-Western College Publishing，P16
Barbara Parker (1999) Evolution and Revolution: From International Business to Globalization，in Managing Organizations: Current Issues，Edited by Stewart R. Clegg，Cynthia Hardy and Walter R. Nord，Sage Publication，P234
Mary Amiti and Katharine Wakelin (2003) Investment liberalization and international trade, Journal of International Economics,Volume 61, Issue 1, Pages 101-126
Nam-Hoon Kang and Sara Johansson (2000) Cross-Border Mergers and Acquisitions: Their Role in Industrial Globalization, Paper provided by OECD, Directorate for Science, Technology and Industry in its series OECD Science, Technology and Industry Working Papers with number 2000/1.
Robert J. Carbaughwww.51lunwen.org (2002) International Eeonomies，P274-228
Volker Nocke and Stephen Yeaple (2007) Cross-border mergers and acquisitions vs. greenfield foreign direct investment: The role of firm heterogeneity, Journal of International Economics, Volume 72, Issue 2, Pages 336-365
