Institutional Environment and Multinational Enterprises’ Post-Entry Choice: An Institutional Perspective
Chang Liu,
Zijie Li,
Yi Li and
Yuting Liang
Chapter 4 in Experiences of Emerging Economy Firms, 2015, pp 54-78 from Palgrave Macmillan
Abstract:
Abstract Despite using the international joint venture (IJV) as an important mode applied by multinational enterprises (MNEs) when entering emerging economies (Makino, Chan, Isobe and Beamish, 2007; Park and Ungson, 1997; Brouthers, 2002, Yiu and Makino, 2002), more and more IJVs are being converted into wholly foreign-owned subsidiaries (Dhanaraj and Beamish, 2004; Inkpen and Beamish, 1997; Franko, 1971; Harrigan, 1988; Kogut, 1989). Even though conversions from IJV (partially owned by MNEs) to wholly foreign-owned subsidiaries are prevalent in emerging economy contexts at the present time, factors influencing MNEs’ ownership decisions about their IJVs’ conversion are still unclear in international business research.
Keywords: Host Country; Joint Venturis; Institutional Environment; Cultural Distance; Local Parent (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47228-1_4
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DOI: 10.1057/9781137472281_4
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