The influences of governance quality on equity-based entry mode choice: The strengthening role of family control

Yi-Chieh Chang, Ming-Sung Kao, Anthony Kuo*

*此作品的通信作者

研究成果: Article同行評審

36 引文 斯高帕斯(Scopus)

摘要

This study examines the possible heterogeneity of governance quality's influence on entry mode decisions made by firms with different degrees of family control. When entering a country with low governance quality, ceding control of the subsidiary in exchange for local partners' help enables foreign firms to tackle institutional flaws. However, such a motivation diminishes as governance quality increases. This study thus hypothesizes that firms tend to choose WOSs over JVs when entering a host country with high governance quality.

Firms controlled by family members, due to concerns regarding the preservation of socioemotional wealth, prefer to maintain high ownership levels of their affiliates. This study thus hypothesizes that firms with a higher degree of family control are even more likely to choose WOSs when entering a country with high governance quality. The results support the hypotheses. (C) 2014 Elsevier Ltd. All rights reserved.

原文English
頁(從 - 到)1008-1020
頁數13
期刊International business review
23
發行號5
DOIs
出版狀態Published - 10月 2014

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