Study on Impacts of Equity Structure and Cultural Distance upon Performance of Joint Ventures

摘要：

Previous study indicates that, equity structure and cultural differences are important factors that influence the performance of joint ventures (JVs). Based on the JVs contract database and Import/Export ranking database collected by us, our analysis indicates that the performance of monopoly controlled JVs is better than those under the context of domestic market. However, cultural difference is not the hindering factor to performance; in fact, cultural heterogeneity has provided JVs better outcomes. Based on grouped data samples, it is proposed that, the higher ratio of Chinese equity in JVs, the better export performance will be led. However, the relation between foreign equity and import orientation is not significant.

关键词： Joint Ventures Equity Structure Cultural Distance Performance

作者: ZHANG Yuan JING Run-tian WAN Bing

作者单位: School of Management, University of Electronic Science and Technology of China P.R.China, 610054

会议类型: 国际会议

会议名称: 2007 International Conference on Dtrategic Management（2007年战略管理国际会议）

会议地点: 成都

会议语种:英文

页码: 400-406

在线出版日期: 2007-04-19（万方平台首次上网日期，不代表论文的发表时间）