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Foreign Ownership and Productivity of Joint Ventures

  • Ying Ge
  • Yasheng Chen
Registered author(s):

    This 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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    File URL: http://dx.doi.org/10.1086/588166
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    Article provided by University of Chicago Press in its journal Economic Development and Cultural Change.

    Volume (Year): 56 (2008)
    Issue (Month): ()
    Pages: 895-920

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    Handle: RePEc:ucp:ecdecc:v:56:y:2008:p:895-920
    DOI: 10.1086/588166
    Contact details of provider: Web page: http://www.journals.uchicago.edu/EDCC/

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