The Evolution of International Joint Ventures in Mainland hina through Corporate Governance Mechanism: The Moderating Roles of Location-Specific and Industrial Factor
Date Issued
2009
Date
2009
Author(s)
Lee, Meng-Cian
Abstract
This study examines the effects of the family share ownership, director and supervisor share ownership, host country location-specific factors, and industrial condition on the likelihood of the conversion of an international joint venture into a wholly-owned subsidiary. From the research results, family share ownership is negatively associated with the likelihood of the conversion of an IJV into a WOS; on the contrary, director and supervisor share ownership works in the opposite way. The one of the possible reasons is derive from different risk preference of the two groups of shareholder. In addition, location-specific factors and industrial factors of IJV act the moderating role between two corporate governance factors and the dependent variable, likelihood of the conversion of an IJV into a WOS.omprehensive secondary data of the electronic companies listed in the Taiwan Stock Exchange collected mainly from TEJ databases supports the prediction. This article also discusses the managerial implications and highlights future research directions in the end.
Subjects
Corporate Governance
Ownership Structure
Insider Ownership
International Joint Venture
Wholly-owned Subsidiary
Type
thesis
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ntu-98-R96741048-1.pdf
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