National Culture, Transaction Costs, and the Choice Between Joint Venture and Wholly Owned Subsidiary

By Shige Makino, Kent E. Neupert. 2000

350 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9a4d483a80653f09810e6f96775470e632dc6d25

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Citations in the corpus

Institutional, cultural and transaction cost influences on entry mode choice and performance (2002, methodology): “ENTRY MODE CHOICE Previous research tends to rely exclusively on transaction cost theory to explain international mode choice decisions (e.g. Makino and Neupert, 2000; Taylor et al., 1998; Cleeve, 1997; Erramilli and Rao, 1993; Hennart, 1991; Gatignon and Anderson, 1988; Anderson and Gatignon,…”
Do We Need to Distance Ourselves from the Distance Concept? Why Home and Host Country Context Might Matter More Than (Cultural) Distance (2015, background): “Confirming earlier studies (Hennart and Park 1993; Makino and Neupert 2000; Barkema and Vermeulen 1998; Vermeulen and Barkema 2001) MNCs headquartered in Japan/Korea are more likely to enter countries with a greenfield investment, whereas MNCs headquartered in the USA are more likely to use…”
Legitimacy and multi-level institutional environments: implications for foreign subsidiary ownership structure (2007, background): “markets and the local labour force (Hennart, 1991; Makino and Neupert, 2000; Stopford and Wells, 1972).”
Board Characteristics, Managerial Incentives, and the Choice Between Foreign Acquisitions and International Joint Ventures (2009, background): “First, entry mode research has argued for a negative relationship between cultural distance and the level of ownership and control in the context of entry mode choice (e.g., Brouthers & Brouthers, 2001; Hennart & Larimo, 1998; Makino & Neupert, 2000; Tihanyi, Griffith, & Russell, 2005).”
Entry mode research: Past and future (2008, background): “…how national culture and/or cultural distance influences entry mode choice (e.g., Agarwal, 1994; Brouthers & Brouthers, 2001; Kogut & Singh, 1988, Makino & Neupert, 2000), and whether or not differences in partner cultural backgrounds can be detrimental to a foreign venture (Barkema & Vermeulen,…”
Beyond entry mode choice: Explaining the conversion of joint ventures into wholly owned subsidiaries in the People's Republic of China (2009, background): “Many researchers criticize transaction cost theory as viewing transactions as singular and independent from each other (Chang & Rosenzweig, 2001; Ghoshal & Moran, 1996; Inzerilli, 1990; Kim & Hwang, 1992; Makino & Neupert, 2000; Tsang, 2000).”
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,…”
Boundaries of the Firm: Insights From International Entry Mode Research (2007, background): “…high control modes (WOS) (K. D. Brouthers & Brouthers, 2003; K. D. Brouthers et al., 2003; Erramilli & Rao, 1993; Gatignon & Anderson, 1988; Hennart & Larimo, 1998; Makino & Neupert, 2000); however, other studies have found the opposite effect (Delios & Beamish, 1999; Palenzuela & Bobillo, 1999).”
State ownership effect on firms' FDI ownership decisions under institutional pressure: a study of Chinese outward-investing firms (2012, methodology): “Following prior studies of FDI ownership decisions and entry mode choices (Hennart & Larimo, 1998; Lu, 2002; Makino & Neupert, 2000), Journal of International Business Studies we used an equity ownership share of 95% as the cut-off between joint ownership and sole ownership structures; the foreign…”
Global cities and multinational enterprise location strategy (2013, background): “…in literatures such as those on geographic scope (Asmussen, 2009; Goerzen & Beamish, 2003), expatriates (Belderbos & Heijltjes, 2005), culture (Makino & Neupert, 2000), and entry mode (Tihanyi, Griffith, & Russell, 2005), to name a few, has been to use the nation-state – defined by national…”