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Contractual Hazard, Political Hazard and FDI Ownership Structure in Joint-venture Enterprises in China

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  • Yuxiao Zhang
  • Mingyue Fang
  • Ting Jiang
  • Huihua Nie

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  • Yuxiao Zhang & Mingyue Fang & Ting Jiang & Huihua Nie, 2016. "Contractual Hazard, Political Hazard and FDI Ownership Structure in Joint-venture Enterprises in China," Review of Development Economics, Wiley Blackwell, vol. 20(1), pages 14-24, February.
    • Handle: RePEc:bla:rdevec:v:20:y:2016:i:1:p:14-24
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    File URL: http://hdl.handle.net/10.1111/rode.12211
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    References listed on IDEAS

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    1. Joshua Lerner, 1994. "The Importance of Patent Scope: An Empirical Analysis," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 319-333, Summer.
    2. Erin Anderson & Hubert Gatignon, 1986. "Modes of Foreign Entry: A Transaction Cost Analysis and Propositions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 17(3), pages 1-26, September.
    3. Henisz Witold J. & Williamson Oliver E., 1999. "Comparative Economic Organization—Within and Between Countries," Business and Politics, De Gruyter, vol. 1(3), pages 261-278, December.
    4. Khalid Sekkat & Marie‐Ange Veganzones‐Varoudakis, 2007. "Openness, Investment Climate, and FDI in Developing Countries," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 607-620, November.
    5. Minyuan Zhao, 2006. "Conducting R& D in Countries with Weak Intellectual Property Rights Protection," Management Science, INFORMS, vol. 52(8), pages 1185-1199, August.
    6. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    7. Cui, Lin & Jiang, Fuming, 2009. "FDI entry mode choice of Chinese firms: A strategic behavior perspective," Journal of World Business, Elsevier, vol. 44(4), pages 434-444, October.
    8. Josef C. Brada & Zdenek Drabek & M. Fabricio Perez, 2012. "The Effect of Home-country and Host-country Corruption on Foreign Direct Investment," Review of Development Economics, Wiley Blackwell, vol. 16(4), pages 640-663, November.
    9. Yigang Pan, 2002. "Equity Ownership in International Joint Ventures: The Impact of Source Country Factors," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 33(2), pages 375-384, June.
    10. Henisz, Witold J. & Williamson, Oliver E., 1999. "Comparative Economic Organization—Within and Between Countries," Business and Politics, Cambridge University Press, vol. 1(3), pages 261-277, November.
    11. Keith D Brouthers, 2002. "Institutional, Cultural and Transaction Cost Influences on Entry Mode Choice and Performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 33(2), pages 203-221, June.
    12. Jean‐Francois Hennart, 1988. "A transaction costs theory of equity joint ventures," Strategic Management Journal, Wiley Blackwell, vol. 9(4), pages 361-374, July.
    13. Gatignon, Hubert & Anderson, Erin, 1988. "The Multinational Corporation's Degree of Control over Foreign Subsidiaries: An Empirical Test of a Transaction Cost Explanation," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 4(2), pages 305-336, Fall.
    14. Henisz, Witold J, 2000. "The Institutional Environment for Multinational Investment," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 16(2), pages 334-364, October.
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    Cited by:

    1. Liu, Guanchun & Hu, May & Cheng, Chen, 2021. "The information transfer effects of political connections on mitigating policy uncertainty: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 67(C).
    2. Qun Bao & Yanling Wang & Hongjun Xie, 2019. "From Honeymoon To Divorce: Institution Quality And Foreign Investors' Ownership Consolidation In China," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 372-390, January.
    3. Guanchun Liu & Chien-Chiang Lee & Yuanyuan Liu, 2020. "Growth path heterogeneity across provincial economies in China: the role of geography versus institutions," Empirical Economics, Springer, vol. 59(2), pages 503-546, August.

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