Ownership has been identified as a key mechanism in corporate governance. Agency theory suggests that high levels of ownership provide increased incentive for shareholders to monitor firm management which should lead to better firm performance. However, not every shareholder may have the same...

International business researchers have extensively studied entry mode choice, but only a very few studies have examined whether anticipated entry modes by determinants would lead to higher firm performance. By analyzing approximately 17,000 foreign entries in seven industries into China from...