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Institutional and transaction cost influences on partnership structure of foreign affiliates
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Demirbag, Mehmet, Tatoglu, Ekrem and Glaister, Keith W. (2010) Institutional and transaction cost influences on partnership structure of foreign affiliates. Management International Review, Volume 50 (Number 6). pp. 709-745. doi:10.1007/s11575-010-0055-y ISSN 0938-8249.
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Official URL: http://dx.doi.org/10.1007/s11575-010-0055-y
Abstract
This paper considers the determinants of foreign affiliate structure in the context of foreign equity ventures in Turkey. Institutional variables and transaction costs variables are examined as determinants of choice between wholly owned subsidiary, dyadic joint venture and multi-partner joint venture.
The findings support the majority of the hypotheses. We find that research and development (R&D) intensity, cultural distance, location of affiliate, affiliate size, political risk and corruption perception distances are particularly important in determining the choice of affiliate structure. Some partial support has also been found for the impact of foreign direct investment (FDI) concentration and linguistic distance on partnership structure of foreign affiliates. No support, however, has been noted for the effect of advertising intensity of the target industry. Both transaction cost specific and institution specific variables were found to be significant in explaining affiliate formation decisions.
Item Type: | Journal Article | ||||||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Investments -- Turkey, Joint ventures -- Turkey, Foreign subsidiaries -- Turkey, Turkey -- Economic conditions | ||||||||||
Journal or Publication Title: | Management International Review | ||||||||||
Publisher: | Springer | ||||||||||
ISSN: | 0938-8249 | ||||||||||
Official Date: | November 2010 | ||||||||||
Dates: |
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Volume: | Volume 50 | ||||||||||
Number: | Number 6 | ||||||||||
Number of Pages: | 36 | ||||||||||
Page Range: | pp. 709-745 | ||||||||||
DOI: | 10.1007/s11575-010-0055-y | ||||||||||
Status: | Peer Reviewed | ||||||||||
Publication Status: | Published | ||||||||||
Access rights to Published version: | Restricted or Subscription Access |
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