Western joint ventures in China

Mark Casson and Jurong Zheng

Journal of International Development, 1991, vol. 3, issue 3, 293-323

Abstract: The paper presents new evidence on Western investment in China. It offers a comprehensive analysis of official statistics for the period 1979‐86 which is supplemented by questionnaire responses from 79 Western investors. Theories of internalization and joint venture activity are tested using a regression model which examines the interplay of industry‐specific, firm‐specific and source country‐specific determinants of business strategy. The results suggest that Western investors have pursued a coherent rational strategy towards the economic and political uncertainties of the host environment.

Date: 1991
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https://doi.org/10.1002/jid.4010030308

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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:3:y:1991:i:3:p:293-323

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