Chinese market entry possibility by the means of joint ventures.
Worldwide foreign direct investment(FDI) has grown at an average of 15.7% between 1970 and 2005 and still today is an important driver for the globalisation process (UNCTAD, 2006). It is the large firms, however,that have been its main drivers (Buckley, 1997; Eden & Levitas, 1997; Fujita, 1995)....
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| Format: | Theses and Dissertations |
| Language: | English |
| Published: |
2009
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| Online Access: | http://hdl.handle.net/10356/19322 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Worldwide foreign direct investment(FDI) has grown at an average of 15.7% between 1970 and 2005 and still today is an important driver for the globalisation process (UNCTAD, 2006). It is the large firms, however,that have been its main drivers (Buckley, 1997; Eden & Levitas, 1997; Fujita, 1995). Small and medium enterprises (SMEs) do face high barriers when considering engaging in FDI activities and are more likely to fail in comparision to a large multinational enterprises (MNEs) (Acs & Mock, 1997; Eden & Levitas, 1997). These barriers stem from the fact that SMEs oftentimes dispose of only limited resources, in particular limited financial, information and managerial resources and hence have a different attitude towards risk (Kirby & Kaiser, 2003). Such resource limitations, however, can be overcome by the means of forming a Joint Venture (JV). |
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