Foreign Ownership and Productivity of Joint Ventures
AbstractThis article uses a unique panel data set of all large- and medium-sized joint ventures in the Chinese manufacturing sector to examine the linkage between the ownership structure and productivity of joint ventures. The results suggest that foreign participation, especially from Japan, Singapore, the United States, and Europe, is positively correlated to productivity. The productivity is highest for wholly foreign-owned enterprises (WFOEs) and lowest for the Hong Kong, Macao, and Taiwan–invested enterprises controlled by a state partner. The joint ventures controlled by state partners invest the most in research and development, while WFOEs invest the least.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Economic Development and Cultural Change.
Volume (Year): 56 (2008)
Issue (Month): ()
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Web page: http://www.journals.uchicago.edu/EDCC/
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- Almas Heshmati & Rachid El-Rhinaoui, 2009. "Effects of Ownership and Market Share on Performance of Mobile Operators in MENA Region," TEMEP Discussion Papers 200921, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Nov 2009.
- Todo, Yasuyuki & Zhang, Weiying & Zhou, Li-An, 2009. "Knowledge spillovers from FDI in China: The role of educated labor in multinational enterprises," Journal of Asian Economics, Elsevier, vol. 20(6), pages 626-639, November.
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