Does Culture Affect Behavior and Performance of Firms? The Case of Joint Ventures in China

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Business and management in China: A review of empirical research in leading international journals (2007, unknown): “Li et al. (2002) could not confirm that lower cultural distance between partners positively affected performance, and Li et al. (2001) even found that IJVs with a Western foreign partner (more individualistic culture) had a greater performance than others with a foreign partner from another Asian ”
Home Country Institutions and the Internationalization-Performance Relationship (2016, background): “For example, research suggests that the degree of the home country’s future orientation (Hofstede, 2001) affects firms’ entrepreneurialism and performance (e.g., J. Li et al., 2001).”
Current debates in global strategy (2009, unknown): “First, there are a number of findings inconsistent with the hypothesis that joint ventures between local firms outperform those between a local firm and a foreign firm (Li et al. 2001).”