文章基本信息

标题：Are Joint Ventures with Local Firms an Efficient Way to Enter a Culturally Distant Market? The Case of Japanese Entry into the United States
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作者：Hennart, Jean-Francois ; Roehl, Thomas ; Hagen, James M. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2002
出版社：Journal of Agribusiness
摘要：We empirically test the proposition that foreign direct investors should use joint ventures with local firms for their first investment in unfamiliar markets. By tracking the expansion paths of Japanese investors in the US, we find no evidence that the growth of Japanese firms which first entered the US in a joint ventures with local firms is different from that of Japanese counterparts which used wholly-owned subsidiaries for initial US market entry.
关键词：Joint venture;Foreign market entry;Japan;Transaction costs