Stock price reactions to Sino-European joint ventures

Meschi, Pierre‐Xavier; Cheng, Louis T. W.

doi:10.1016/s1090-9516(02)00071-8

Cited by 16 publications

(9 citation statements)

References 15 publications

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“…The sample sizes of empirical studies of success factors for managing Sino‐foreign IJVs range from 68 (Meschi and Cheng, 2002) to 898 observations (Li et al., 2001), indicating statistically reliable results. The average sample size of China‐related IJV studies is 230, similar to those of non‐China studies at 228 [2] .…”

Section: Resultsmentioning

confidence: 94%

“…Due to these advantages, and influenced by governmental interests, IJVs have been a preferred form of market entry and governance structure in China since the mid‐1980s (e.g., Walsh et al., 1999). Although China's entry into the World Trade Organization (WTO) led to a major increase of wholly foreign‐owned enterprises, joint ventures still play a major role in post‐WTO China (e.g., Meschi and Cheng, 2002; Pan and Chi, 1999).…”

Section: Introductionmentioning

confidence: 99%

“…The commonly held hypothesis that governmentally privileged coastal regions in China offer competitive advantages over locations elsewhere in China has not been confirmed. Even more, Meschi and Cheng (2002, p. 124) find that IJVs located inland outperform those located in coastal regions. However, because the authors used stock price reactions as their performance measure, included only a small number of inland investments (nine) compared with costal locations (57), and did not test for industry effects, further research is required to substantiate the impact of IJV location in China.…”

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confidence: 98%

“…The dominance of economic theories which centre on efficient institutional and organizational arrangements may partially explain the fact that within the China subset alone nine out of 16 studies measure the direct or indirect performance impact of different equity stakes held by foreign parents, although the findings are ambiguous. While few studies find that substantial equity ownership by the foreign partner has a positive impact on IJV performance (Luo, 1997, 2002b; Meschi and Cheng, 2002) others find no correlation at all (Li et al., 2001; Luo and Tan, 2003) or mixed results (Luo, 2001). At the same time, results with regard to the exercise of IJV ‘ control ’ predominantly support the hypothesis that tight control – in particular by foreign parents – has a significant positive impact on IJV performance, although the need for further differentiation is articulated (Luo et al., 2001, p. 55):…”

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confidence: 99%

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Success Factors for Managing International Joint Ventures: A Review and an Integrative Framework

2007

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International joint ventures (IJV) are an important organizational mode for expanding and sustaining global business and have been of special relevance for the emerging Chinese market for decades. While IJVs offer specific economic advantages they also present serious management problems that lead to high failure rates, especially in developing countries. Because of the strategic relevance of IJVs and corresponding management challenges, research on success factors for managing IJVs in China has received broad attention, resulting in a variety of studies. However, there are no conceptual syntheses of the literature to date and further development in the field is hampered by both a lack of consolidation of what is known and identification of viable avenues for future research. We address this gap by building on existing concepts in the field, developing them further and synthesizing them into an integrative, theory‐based framework of IJV success factors. We use this framework to systematically depict the results of both empirical studies related to Sino‐foreign IJVs and to IJVs in general. Finally, we draw important implications from the research and propose potential paths for future study.

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Section: Resultsmentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 98%

mentioning

confidence: 99%

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Success Factors for Managing International Joint Ventures: A Review and an Integrative Framework

2007

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“…Empirical results are inconclusive. While some studies find a positive effect (Berry/Sakakibara 2006, Doukas/Travlos 1988, Meschi/Cheng 2002, Morck/Yeung 1992, other studies -such as Christophe's (1997) and Click and Harrison's (2000) -show exactly the opposite. Contractor et al (2003) summarize the main results of previous research showing these mixed results.…”

Section: Introductionmentioning

confidence: 98%

Stock market reaction to foreign direct investments: Interaction between entry mode and FDI attributes

López-Duarte

Canal

2007

MANAGE. INT. REV.

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and Key Results■ What is the expected reaction regarding the stock price of companies which carry out FDIs (Foreign Direct Investments)? Results from previous research focusing on specific entry modes are inconclusive.■ The aim of this paper is to test whether the stock market reaction to FDIs is dependent not only on the entry mode that the investing firm may have chosen, but also on the interaction between the entry mode and the other FDIs' attributes.■ By focusing on the recent international expansion by means of FDIs of listed Spanish firms, we have found that stock market reaction to FDIs depends upon the interaction between the entry mode and the location of the investment, the identity of the investor and the latter's international experience.

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Griffonia simplicifolia isolectin B4 identifies a specific subpopulation of angiogenic blood vessels following contusive spinal cord injury in the adult mouse

Benton

Maddie

Minnillo

et al. 2007

J of Comparative Neurology

108

173

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After traumatic spinal cord injury (SCI), disruption and plasticity of the microvasculature within injured spinal tissue contribute to the pathological cascades associated with the evolution of both primary and secondary injury. Conversely, preserved vascular function most likely results in tissue sparing and subsequent functional recovery. It has been difficult to identify subclasses of damaged or regenerating blood vessels at the cellular level. Here, adult mice received a single intravenous injection of the Griffonia simplicifolia isolectin B4 (IB4) at 1-28 days following a moderate thoracic (T9) contusion. Vascular binding of IB4 was maximally observed 7 days following injury, a time associated with multiple pathologic aspects of the intrinsic adaptive angiogenesis, with numbers of IB4 vascular profiles decreasing by 21 days postinjury. Quantitative assessment of IB4 binding shows that it occurs within the evolving lesion epicenter, with affected vessels expressing a temporally specific dysfunctional tight junctional phenotype as assessed by occludin, claudin-5, and ZO-1 immunoreactivities. Taken together, these results demonstrate that intravascular lectin delivery following SCI is a useful approach not only for observing the functional status of neovascular formation but also for definitively identifying specific subpopulations of reactive spinal microvascular elements.

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Stock price reactions to Sino-European joint ventures

Cited by 16 publications

References 15 publications

Success Factors for Managing International Joint Ventures: A Review and an Integrative Framework

Success Factors for Managing International Joint Ventures: A Review and an Integrative Framework

Stock market reaction to foreign direct investments: Interaction between entry mode and FDI attributes

Griffonia simplicifolia isolectin B4 identifies a specific subpopulation of angiogenic blood vessels following contusive spinal cord injury in the adult mouse

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