higher corruption distance it is between these countries and China, the higher probability their MNEs choose WOS over JV. In …Motivated by previous studies on the effect of corruption on entry strategies of Multinational Enterprises (MNEs), this … research examines how corruption distance influences the choice between wholly owned subsidiary (WOS) and joint venture (JV …

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …