Cultural distance, investment flow, and control in cross-border cooperation

• 成果类型: Editorial Material
• 署名作者: Lee, Seung-Hyun; Shenkar, Oded; Li, Jiatao
• 署名单位: University of Texas System; University of Texas Dallas; University System of Ohio; Ohio State University; Hong Kong University of Science & Technology
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.685
• 发表日期: 2008
• 页码: 1117-1125
• 关键词: Cultural distance; alliance; direction of investment

摘要

Previous research analyzing the impact of cultural distance on joint venture negotiations has often confounded firm and environment effects. To decouple these effects, the cross-border cooperation preferences of small and medium-sized Korean firms were studied, considering simultaneously firms involved in inward and outward investment ventures. While cultural distance showed no significant relationship with the degree of control sought over the cooperative ventures, cultural distance was significantly related with a preference for ventures in domestic or foreign markets. The impact of cultural distance was found to be greater in inward investment than hi outward investment. Copyright (C) 2008 John Wiley & Sons, Ltd.