Two-sided effects of state equity: The survival of Sino-foreign IJVs

Wang, Peng1; Liu, Bin2; Delios, Andrew3; Qian, Gongming4

2022-05-01

10.1057/s41267-022-00513-x

JOURNAL OF INTERNATIONAL BUSINESS STUDIES   影响因子和分区

0047-2506

1478-6990

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.

state equity international joint venture dissolution event history analysis role of time replications

SSCI

英语

其他

National Natural Science Foundation of China[72102199] ; Fundamental Research Funds for the Central Universities[2072021126] ; UIC Start-up Research Fund[R72021118] ; Guangdong Provincial University Key Platform and Scientific Research Project-Young Innovative Talent Project[2021WQNCX082]

Business & Economics

Business ; Management

WOS:000796306200001

PALGRAVE MACMILLAN LTD

ECONOMICS BUSINESS

Web of Science

1.BNU HKBU United Int Coll, Div Business & Management, Zhuhai, Peoples R China
2.Xiamen Univ, Sch Management, Dept Business Management, Xiamen, Peoples R China
3.Natl Univ Singapore, NUS Business Sch, Dept Strategy & Policy, Kent Ridge Dr, Singapore, Singapore
4.Southern Univ Sci & Technol, Sch Business, Shenzhen, Peoples R China

Wang, Peng,Liu, Bin,Delios, Andrew,et al. Two-sided effects of state equity: The survival of Sino-foreign IJVs[J]. JOURNAL OF INTERNATIONAL BUSINESS STUDIES,2022,54(1).

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,54(1).

Wang, Peng,et al."Two-sided effects of state equity: The survival of Sino-foreign IJVs".JOURNAL OF INTERNATIONAL BUSINESS STUDIES 54.1(2022).