National culture, transaction costs, and the choice between joint venture and wholly owned subsidiary
成果类型：
Article
署名作者：
Makino, S; Neupert, KE
署名单位：
Chinese University of Hong Kong; Boise State University
刊物名称：
JOURNAL OF INTERNATIONAL BUSINESS STUDIES
ISSN/ISSBN：
0047-2506
DOI：
10.1057/palgrave.jibs.8490930
发表日期：
2000
页码：
705-713
关键词：
摘要：
Transaction cost theory posits that culture plays a limited role-in the choice between JV and WOS. In contrast, research suggests that firms' preferred level of ownership in their foreign subsidiaries is influenced primarily by cultural traits. This study provides additional evidence in this ongoing debate by replicating Hennart's transaction cost model of entry mode choice in two different national contexts : Japanese firms and the U.S. firms investing in Japan. The results suggest that the transaction for the ownership choice holds in the both national contexts. Yet, the propensity to choose JV or WOS significantly varied between Japanese and the U.S. firms.