ABSTRACT
Internationalization enables a company to acquire various resources from other countries, while the global market provides the company with an incomparable stage for further development. Meanwhile, Chinese enterprises correspondingly have achieved rapid internationalization development. The scale of an enterprise is an indicator of how much resource it could properly have, and such resources provide a solid foundation for its multinational investment. In addition, strategy is one of the factors affecting enterprises' selection of an Outward Foreign Direct Investments mode. According to the traditional theory of enterprise internationalization, companies need the Ownership advantages, Internationalization advantages, Location advantages. The internationalization experience is further correlated with the extent of multinational operation, as companies accumulate such experiences when they operate in other countries. The internationalization process of Chinese enterprises testifies to the "herd effect". The poor availability and reliability of micro data appears to be an obstacle for scholars who wish to study enterprises' internationalization in developing countries.
