The choice of foreign market entry mode: An analysis of the dynamic probit model

NCUIR > School of Management at National Central University > Graduate Institute of Human Resource Management > journal & Dissertation > Item 987654321/51659

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Title:	The choice of foreign market entry mode: An analysis of the dynamic probit model
Authors:	Chen,MY;Chang,JY
Contributors:	人力資源管理研究所
Keywords:	TRANSACTION COSTS THEORY;WHOLLY OWNED SUBSIDIARY;DIRECT-INVESTMENT;JOINT VENTURES;INTERNATIONAL PRODUCTION;JAPANESE INVESTORS;NATIONAL CULTURE;ECLECTIC THEORY;UNITED-STATES;OWNERSHIP
Date:	2011
Issue Date:	2012-03-27 19:01:45 (UTC+8)
Publisher:	國立中央大學
Abstract:	Based on the official survey data of Taiwanese FDI in China, this study investigates the transaction cost determinants of foreign market entry mode choice. In contrast to the existing literature, this paper constructs a panel data set and makes a dynamic probit analysis on the mode choice between wholly-owned subsidiaries and joint ventures. Empirical results indicate that state dependence between current and past modes plays an important role in determining entry mode choice. However, the impact of state dependence will be reduced significantly if the mode adopted in the previous period is associated with poor performance of the parent firm. There is strong linkage between mode performance and future mode choice. Evidence also shows that the hypothesized influences of transaction cost factors on entry mode choice gain support in the dynamic choice process. (C) 2010 Elsevier B.V. All rights reserved.
Relation:	ECONOMIC MODELLING
Appears in Collections:	[Graduate Institute of Human Resource Management ] journal & Dissertation

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