The Relative Performance of Joint Ventures and Wholly-Owned Subsidiaries and the Reasons why They Exit

The Relative Performance of Joint Ventures and Wholly-Owned Subsidiaries and the Reasons why They Exit
Author: Matthias Otto
Publisher: Diplomarbeiten Agentur
Total Pages: 62
Release: 2010
Genre: Business & Economics
ISBN: 3838609158

Using data on more than 200 foreign entries made by Dutch MNEs between 1995 and 2003, this study examines the relative performance of jointly-owned and wholly-owned affiliates and sheds light on the underlying reasons why these two types of affiliates exit. By employing performance measures such as average longevity and exit rate, and by differentiating between exits through liquidations and those through sell-offs, I find that there are no essential performance differences between WOSs and JVs, which is in line with the results of prior scholarship. Furthermore, the findings reveal that both WOSs and JVs mainly exit voluntarily. The most prevalent reason for WOS exit is strategic restructuring, whereas the most common reason for JV exit is fierce competition in the host market. Finally, I discover supporting evidence for the proposition that MNE parents are more likely to buy out local partners from JVs over which they have majority ownership than from JVs over which they have minority ownership.

The Relative Performance of Joint Ventures and Wholly-Owned Subsidiaries and the Reasons Why They Exit

The Relative Performance of Joint Ventures and Wholly-Owned Subsidiaries and the Reasons Why They Exit
Author: Matthias Otto
Publisher: GRIN Verlag
Total Pages: 69
Release: 2010-09
Genre: Business & Economics
ISBN: 3640695143

Master's Thesis from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 2,0, University of Amsterdam, language: English, abstract: Using data on more than 200 foreign entries made by Dutch MNEs between 1995 and 2003, this study examines the relative performance of jointly-owned and wholly-owned affiliates and sheds light on the underlying reasons why these two types of affiliates exit. By employing performance measures such as average longevity and exit rate, and by differentiating between exits through liquidations and those through sell-offs, I find that there are no essential performance differences between WOSs and JVs, which is in line with the results of prior scholarship (e.g. Dang, 1977; Chowdhury, 1992; Chan, 1995; Mata & Portugal, 2000; Pangarkar & Lim; 2003; Delios & Beamish, 2004). Furthermore, the findings reveal that both WOSs and JVs mainly exit voluntarily. The most prevalent reason for WOS exit is strategic restructuring, whereas the most common reason for JV exit is fierce competition in the host market. Finally, I discover supporting evidence for the proposition that MNE parents are more likely to buy out local partners from JVs over which they have majority ownership than from JVs over which they have minority ownership.

Transgenerational Entrepreneurship

Transgenerational Entrepreneurship
Author: M. Nordqvist
Publisher: Edward Elgar Publishing
Total Pages: 237
Release: 2010-01-01
Genre: Business & Economics
ISBN: 1849805466

Introducing a new concept in family businesses Transgenerational Entrepreneurship addresses how these businesses achieve growth and longevity through entrepreneurial activities. It focuses on the resources, capabilities and mindsets that families develop and draw upon in order to be entrepreneurial across generations, and presents findings from an international research collaboration between family business researchers and practitioners. In addition to a comprehensive conceptual chapter, the editors include a unique set of empirical case-based research papers that investigates transgenerational entrepreneurship in different European contexts. They bring together and integrate frontier research on entrepreneurship and family business, as well as provide a basis for future research. Academics, teachers and students in business and management, entrepreneurship and family business will find this path-breaking book of value, as will libraries, policy makers and consultants.

Organizing For Resilience

Organizing For Resilience
Author: Christopher Williams
Publisher: Routledge
Total Pages: 228
Release: 2021-07-11
Genre: Business & Economics
ISBN: 1000365093

Organizing for Resilience provides a fresh and novel insight into research on how leaders can prepare their organizations to face up to shocks and disruptions in a turbulent and unpredictable world. It provides an analysis of the topic of organizational resilience in a comprehensive and integrative way, with fresh theoretical and research implications as well as important implications for leaders. The first book to synthesize themes from across a spectrum of resilience using the metaphor of a ‘resilience landscape’, chapters in Part I are devoted to five analytical levels: individual level resilience; small firms in which major disruption can threaten survival; large firms with disruptions in one part of the organization; large firms facing enterprise-wide disruption; and disruption to a complete community or economic ecosystem of individuals and organizations. Cases and practice insights are presented to bring the topics to life, allowing reflection and debate at each level. In Part II, the construct of the ‘resilience landscape’ is developed, along with a discussion on leadership for resilience by instilling a resilience mind-set and developing capabilities in relational resilience. The book is ideally suited to bachelor’s and master’s degree courses on strategy, organizational behaviour and leadership. PhD and DBA researchers in the field of resilience and strategy will also find the book useful, as will practising consultants and business leaders.

Institutions and Investments

Institutions and Investments
Author: Jun Fu
Publisher: University of Michigan Press
Total Pages: 174
Release: 2010-06-08
Genre: Business & Economics
ISBN: 0472026860

As China continues to be heralded as a rising economic power, the need for an understanding of its institutional effects--such as investment-related policies, regulations, and laws--on foreign direct investment increases as well. Institutions and Investments employs interdisciplinary perspectives from economics, business, law, and political science to shed light on the interaction between institutional changes and investment patterns and to form a clear picture of investment behavior as China's legal and regulatory infrastructure has developed over the reform years. Organized into three main parts, the book first discusses the evolution and nature of China's FDI regulatory framework. Part 2 examines the various modes and variant patterns of FDI in China in the reform years. Part 3's central task is to demonstrate a systematic link between institutional changes in China's FDI regulatory framework and the changing patterns of FDI. In conclusion, Jun Fu finds that China has made substantial progress from a command economy to a market system, but that it still has a long way to go before it truly attains a transparent and rule-based system. This book adds new dimensions to the scholarship on China as a growing economic power and will be of particular interest to international economists, political scientists, and business scholars studying China. Jun Fu is Associate Professor in the School of Economics and Management, Tsinghua University.

The Greenhouse Gas Protocol

The Greenhouse Gas Protocol
Author:
Publisher: World Business Pub.
Total Pages: 0
Release: 2004
Genre: Business enterprises
ISBN: 9781569735688

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

The 'No-Nonsense' Guide to Doing Business in Japan

The 'No-Nonsense' Guide to Doing Business in Japan
Author: J. Woronoff
Publisher: Springer
Total Pages: 183
Release: 2000-11-30
Genre: Social Science
ISBN: 0333978080

Jon Woronoff - an acknowledged authority in Japanese economy and society - provides insight into crucial aspects of doing business in Japan, and advice on how to succeed in a very difficult market. The book provides insight into crucial aspects of doing business in Japan and advice on how to succeed in a very difficult market. It follows the process from initial contact, to the first visit, to the creation of a fully-fledged operation in Japan. Emphasis is placed on how to break into the distribution system, set up a local company, acquire an existing company, recruit and manage Japanese personnel and co-operate or compete with Japanese companies. There are also tips on how to avoid common traps and pitfalls for the unwary investor.

Real Options Theory

Real Options Theory
Author: Jeffrey J. Reuer
Publisher: Emerald Group Publishing
Total Pages: 520
Release: 2007-07-05
Genre: Business & Economics
ISBN: 1849504946

Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents research on the implications of real options for strategic investment, organization, and firm performance.