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|Title:||Determinants of ownership preference of international joint ventures: New evidence from Chinese manufacturing industries|
International joint ventures in China
|Source:||Zhao, H.,Zhu, G. (1998). Determinants of ownership preference of international joint ventures: New evidence from Chinese manufacturing industries. International Business Review 7 (6) : 569-589. ScholarBank@NUS Repository.|
|Abstract:||Given the large size and rapid growth of foreign direct investment in China, the subject of ownership preference is of great interest to academics as well as to firms intending to invest in China. This study focuses on two sets of variables: industry-specific factors and venture-specific factors. Statistical tests based on information of 818 international joint ventures (IJVs) in China show that duration and scale of IJVs are positively associated with the level of foreign ownership. Industry-specific factors such as skill intensity, market concentration, market potentials, and foreign business agglomerations also positively influence the ownership preference of foreign firms, while local industry R and D intensity and productivity are found to be significant but negatively associated with the ownership preference.|
|Source Title:||International Business Review|
|Appears in Collections:||Staff Publications|
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