Resource commitment, entry timing, and market performance of foreign direct investments in emerging economies: The case of Japanese international joint ventures in China

• 成果类型: Article
• 署名作者: Isobe, T; Makino, S; Montgomery, DB
• 署名单位: University of Marketing & Distribution Sciences; Chinese University of Hong Kong; Stanford University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/1556405
• 发表日期: 2000
• 页码: 468-484
• 关键词: MULTINATIONAL-CORPORATION; technology-transfer; UNITED-STATES; KNOWLEDGE; firm; ORDER; advantage; survival; share; cost

摘要

This study examined whether early movers and technology leaders attained superior performance in emerging economic regions. We assessed the determinants and performance consequences of two key aspects of entry strategy, resource commitment to technology transfer and timing of entry, using survey data from over 220 Sino-Japanese joint ventures (JVs) in China. Both high commitment and early entry had positive impacts on the perceived economic performance of the JVs. Yet these relationships were found to be significantly contingent on several internal and external factors, such as the strategic importance of an investment, parental control of a JV, and the availability of supporting local infrastructure.