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This exploratory study analyses the factors that affect the selection of a contract, alliance or joint venture for …
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We empirically test the proposition that foreign direct investors should use joint ventures with local firms for their first investment in unfamiliar markets. By tracking the expansion paths of Japanese investors in the US, we find no evidence that the growth of Japanese firms which first...
Persistent link: https://www.econbiz.de/10010921387
created by two emerging countries, Malaysia and China. The main aim of this paper is to identify the factors that have … negative effects on the performance of Malaysia-China construction joint venture (MCCJV) projects. Quantitative and qualitative … the incomplete JV contract, lack of effective dispute resolution method, inappropriate JV form, financial and human …
Persistent link: https://www.econbiz.de/10010854553
This paper provides new contract-level evidence on control rights allocation in order to define what makes a joint … distortions due to contract incompleteness. We compare predictions of the theoretical literature with actual governance structures … operating in China. With an exceptional response rate of 60%, our evidence confirms most of the theoretical predictions and …
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