Japanese firms' investment strategies in emerging economies

• 成果类型: Review
• 署名作者: Delios, A; Henisz, WJ
• 署名单位: Hong Kong University of Science & Technology; University of Pennsylvania
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/1556397
• 发表日期: 2000
• 页码: 305-323
• 关键词: International joint ventures; foreign direct-investment; ENTRY MODE CHOICE; UNITED-STATES; Bargaining power; MULTINATIONAL-ENTERPRISE; BIOTECHNOLOGY INDUSTRY; EMPIRICAL-EXAMINATION; business groups; performance

摘要

This study jointly examines the effects of organizational capabilities and public and private expropriation hazards on the level of equity ownership chosen for foreign subsidiaries in emerging markets. Specifically, we explore the mechanisms by which 680 Japanese multinational corporations drew upon capabilities developed via industry-specific, country-specific, and total international experience to mitigate these hazards for their 2,827 subsidiaries in 18 emerging markets. Results strongly support a novel specification that forges a link between the capabilities and the public and private expropriation hazards literatures.