Multilevel Research of Relative Risk and Real Options to FDI Performance
Date Issued
2012
Date
2012
Author(s)
Hsu, Hsu-Wei
Abstract
In the past. IB scholars regarded transaction cost as a basis on Entry Mode Choice, but the result lacks of consistency in conclusion.（Davis, Desai and Francis, 2000；Datta, Hermann and Rasheed, 1997）. Some scholars think that the social environmental factors were not included, so that the results were limited. Part of studies pointed out that Institutional Factor transaction cost (Brouthers was 2002; Yiu, and Makino, 2002; Meyer, 2001; Delios and Yigang, and Beamish, 1999) to describe and comply with the enterprises to enter the mode. Therefore, the first contribution of the study, which adopts SaTscan "Spatial" to explain and compensate for the lack of transaction cost in the traditional IB research. However, Taiwanese firms have a specific mode to enter an uncertainty environment. In the beginning, they are unlikely to invest large amount, and step by step to market. However, China is an exclusive country, and has its complexity. The firms will take more conservative strategies; especially, the information and regulations are not fully understood yet.（Boisot and Child, 1999）
Location advantage on Dunning’s (1980, 1981) OLI theory is a static concept. This study particularly considers the effect of cross-level to discussion. In dynamic perspective, Taiwanese firms invested China in the past 10 years to divide into Firms Level and Spatial Level. We find that Man-Power is the FDI most important factor for Taiwanese firms, with this study is expected to: Man-Power will be positive impact on the proportion of parent company equity into the local market. Second, the investment performance of Taiwan parent enterprises in China which is related to entry strategies and Man-Power; however, the region relative risk (educational conditions) cannot keep up with the working conditions, the investment performance will be interfered.
Subjects
Relative Risk、Real Options、Spatial Analysis、MLR、FDI
Type
thesis
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