Monitoring Costs and the Mode of International Investment

Our central proposition is that monitoring costs increase with physical distance, and hence, direct investments located further from the foreign investor's home base should be more likely formed as joint ventures. Tests on a data set of Taiwanese direct investments in Mainland China provide robust support to the hypothesis. A project that was located 1000 kilometers further away was 13-17% more likely to be formed as a joint venture

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Year of publication:	2002
Authors:	Lin, Chu-chia Steve ; Png, Ivan
Publisher:	[S.l.] : SSRN
Subject:	Auslandsinvestition \| Foreign investment \| Joint Venture \| Joint venture \| Kosten \| Costs \| Theorie \| Theory \| China \| Taiwan \| Kontrolle \| Control

Extent:	1 Online-Ressource (26 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2002 erstellt
Other identifiers:	10.2139/ssrn.326222 [DOI]
Classification:	F2 - International Factor Movements and International Business ; F3 - International Finance ; K1 - Basic Areas of Law ; L2 - Firm Objectives, Organization, and Behavior
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014033313