The contingent effect of state participation on the dissolution of international joint ventures: A resource dependence approach

Complex integrity and the improved DB mode in infrastructure mega-projects: how does the improved DB mode degrade the complex integrity of infrastructure mega-projects? Evidence from the Hong Kong-Zhuhai-Macau Bridge project in China

“…Some scholars insist that a consortium can be considered as a special type of strategic alliance as its members complement each other to provide more choices and build their competitive advantages (Ozorhon et al, 2007;Ozorhon et al, 2008). According to the distribution of management authority, we argue that consortiums can be divided into three types: 1) consortiums with one dominant member; 2) consortiums with fair management authority; 3) consortiums with independent members (Mohr et al, 2016;Tsang, 2016). The DB consortium for the island-tunnel project belongs to Type 1: It is led by a leader company and has other members.…”

Surviving after Cross-Border Acquisitions: How Business Relatedness, Host Country Experience, and Cultural Distance Affect Acquired Firms

“…Examining the survival and the performance of 3080 subsidiaries of 641 Japanese multinationals, Delios and Beamish [3] find a positive relationship between previous host country experience and subsidiary survival. Similarly, building on the hazard rate model to analyze the likelihood of survival of foreign investments in the United States in the pharmaceutical and computer industries between 1974-1989, Li [9] highlights that exit rates are higher when the investor does not have previous experience in the United States and when the commitment of resources to the subsidiary is not continued over time through additional investments. Overall, it has therefore been argued that the rate of survival [9], as well as longevity and evolution [1,5,10], increase when the acquirer has host country experience.…”

“…The effect of foreign investments on the sustainable development of subsidiaries is a central theme in the international business literature, e.g., [1][2][3], where several studies have examined the survival [1,3,4] and longevity [5] of foreign subsidiaries. However, while a host of contributions have explored the destiny of foreign affiliates in the context of international joint ventures, e.g., [6][7][8][9], the sustainability of firms' competitive advantages in the specific domain of cross-border acquisitions is comparatively still underdeveloped [10,11]. Indeed, the literature on cross-border acquisitions has mostly examined the effects of acquisitions on acquiring firms' performance, regarded through the lenses of value creation for acquirers' shareholders, using either accounting-based (e.g., [12][13][14][15]) or financial measures (e.g., [16,17]).…”

The Corporate Political Activity of MNCs: Taking Stock and Moving Forward

“…For example, Luo and Zhao (2013) suggested two firmlevel variables-subsidiary reputation and length of operations in the host country-to moderate the positive link between a relational political strategy used at the subsidiary level and the firm's performance in the host country. Mohr et al (2016) investigated how the effect of partnering with state-controlled actors on the survival of international joint ventures in China varies with the type of state-controlled actor, the foreign firm's host-country experience as well as the age of the joint venture. Also focusing on firms' CPA in China, Yan and Chang (2018) examined the (interdependent) effects of firms' having political connections to different government institutions.…”