The choice of foreign market entry mode: An analysis of the dynamic probit model

Ming Yuan Chen, Jing Yun Chang

研究成果: 雜誌貢獻期刊論文同行評審

10 引文 斯高帕斯(Scopus)

摘要

Based on the official survey data of Taiwanese FDI in China, this study investigates the transaction cost determinants of foreign market entry mode choice. In contrast to the existing literature, this paper constructs a panel data set and makes a dynamic probit analysis on the mode choice between wholly-owned subsidiaries and joint ventures. Empirical results indicate that state dependence between current and past modes plays an important role in determining entry mode choice. However, the impact of state dependence will be reduced significantly if the mode adopted in the previous period is associated with poor performance of the parent firm. There is strong linkage between mode performance and future mode choice. Evidence also shows that the hypothesized influences of transaction cost factors on entry mode choice gain support in the dynamic choice process.

原文???core.languages.en_GB???
頁(從 - 到)439-450
頁數12
期刊Economic Modelling
28
發行號1-2
DOIs
出版狀態已出版 - 1月 2011

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