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Status已发表Published
TitleTwo-sided effects of state equity: The survival of Sino–foreign IJVs
Creator
Date Issued2022-05
Source PublicationJournal of International Business Studies
ISSN0047-2506
Abstract

We replicate and extend Mohr et al.'s work (Journal of International Business Studies 47: 408–426, 2016), which hypothesized that increased state participation in the equity of international joint ventures (IJVs) decreased dissolution likelihoods, as tested with a sample of 623 Sino–foreign IJVs in the 1985–2009 period. Given the rapid developments in China's economy and its institutional environment, we ask the question of whether the effects in Mohr et al. (2016) can be observed over a long period of time. We examine the generalizability of their findings (1) by replicating their study with a larger sample from the same data source, and over a longer period (1985–2017), and (2) by studying a sample of 803 IJVs from the same population but from another data source (the Annual Census of Chinese Industrial Enterprises) in the 2000–2017 period. We find that state equity can benefit IJV survival from favorable regulatory support, but it can also lead to lower survival rates due to unfavorable governmental intervention. Overall, we advocate a two-sided effect of state equity that leads to a curvilinear relationship between state equity and IJV dissolution, where time is an important boundary condition.

Keyworddissolution event history analysis international joint venture replications role of time state equity
DOI10.1057/s41267-022-00513-x
URLView source
Indexed BySSCI
Language英语English
WOS Research AreaBusiness & Economics
WOS SubjectBusiness ; Management
WOS IDWOS:000796306200001
Scopus ID2-s2.0-85130109570
Citation statistics
Cited Times:20[WOS]   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
Identifierhttp://repository.uic.edu.cn/handle/39GCC9TT/9559
CollectionFaculty of Busines and Management
Corresponding AuthorLiu, Bin
Affiliation
1.Division of Business and Management,BNU-HKBU United International College,Zhuhai,China
2.Department of Business Management,School of Management,Xiamen University,Xiamen,China
3.Department of Strategy and Policy,NUS Business School,National University of Singapore,Queenstown,Kent Ridge Drive,Singapore
4.School of Business,Southern University of Science and Technology,Shenzhen,China
First Author AffilicationBeijing Normal-Hong Kong Baptist University
Recommended Citation
GB/T 7714
Wang, Peng,Liu, Bin,Delios, Andrewet al. Two-sided effects of state equity: The survival of Sino–foreign IJVs[J]. Journal of International Business Studies, 2022.
APA Wang, Peng, Liu, Bin, Delios, Andrew, & Qian, Gongming. (2022). Two-sided effects of state equity: The survival of Sino–foreign IJVs. Journal of International Business Studies.
MLA Wang, Peng,et al."Two-sided effects of state equity: The survival of Sino–foreign IJVs". Journal of International Business Studies (2022).
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