The Choice Between Joint Venture and Wholly Owned Subsidiary: An Institutional Perspective

By Daphne W. Yiu, Shige Makino. Organ. Sci., 2002

794 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/06481e263ec400f58b839a714a986dde21f74b60

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Citations in the corpus

FDI location choice of Chinese multinationals in East and Southeast Asia: Traditional economic factors and institutional perspective (2012, background): “Cultural distance is identified as a major barrier for MNEs gaining normative legitimacy in host countries (Yiu & Makino, 2002), and has been found to be a strong influence on FDI location choice (Bhardwaj, Diets, & Beamish, 2007).”
Institutions, Resources, and Entry Strategies in Emerging Economies (2020, positive): “5 Other studies use, for instance, the World Competitiveness indices (Gaur and Lu, 2007; Yiu and Makino, 2002), which however are not available for longer periods using a consistent definition.”
Foreign market entry mode choice of small and medium-sized enterprises: A systematic review and future research agenda (2014, background): “According to new institutional theory, a firm entering a foreign market strives for legitimacy and acceptance by conforming with the host country conditions and expectations (Yiu & Makino, 2002).”
The Interrelationships Among Informal Institutions, Formal Institutions, and Inward Foreign Direct Investment (2013, neutral): “For example, scholars have measured regulatory institutions using proxies such as the World Competitiveness Report indicators of state influence (e.g., Yiu & Makino, 2002) and industry-specific metrics (e.g., Russo, 2001), invoking different theoretical explanations to justify the different proxies.”
Beyond entry mode choice: Explaining the conversion of joint ventures into wholly owned subsidiaries in the People's Republic of China (2009, methodology): “…and the results of several existing studies on entry mode decisions (e.g., Anderson & Gatignon, 1986; Brouthers, 2002; Gomes-Casseres, 1990; Yiu & Makino, 2002).4 None of the four control variables played a statistically significant role in explaining the likelihood of IJV-to-WFOE…”
The Global Professional Service Firm: ‘One Firm’ Models versus (Italian) Distant Institutionalized Practices (2013, background): “…field of international business, as illustrated by the institutional duality perspective (Kostova, 1999; Kostova & Roth, 2002; Xu & Shenkar, 2002; Yiu & Makino, 2002), existing work in this tradition has tended to operate at a rather abstract level and failed to develop more grounded,…”
The Impact of Interorganizational Imitation on New Venture International Entry and Performance (2010, background): “…is gained by focusing on the impact of interorganizational imitation on international entry, adding to prior research examining other aspects of internationalization such as foreign entry mode (e.g., Lu, 2002), location choice (e.g., Yiu & Makino, 2002), or global learning (e.g., Lam, 2003).”
Institutional distance and local isomorphism strategy (2012, background): “Some scholars explicitly account for differences between normative and cognitive institutions (e.g., Eden & Miller, 2004; Kostova & Roth, 2002; Xu & Shenkar, 2002; Yiu & Makino, 2002); however, here we focus on national culture as our main informal institutional dimension.”
State ownership effect on firms' FDI ownership decisions under institutional pressure: a study of Chinese outward-investing firms (2012, methodology): “Research suggests that host regulatory institutions impose fewer restrictions on a joint ownership business than on an exclusively foreign-owned business (Brouthers, 2002; Yiu & Makino, 2002).”