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Firm Survival between Manufacturing and Non-Manufacturing Industries: Cultural Distance, Country Risk, Entry Mode, Market Size, Firm Age and Location
The Chinese Economy ( IF 1.4 ) Pub Date : 2020-02-27 , DOI: 10.1080/10971475.2020.1730564
Chuang Wang 1 , Evangelos Giouvris 1
Affiliation  

Abstract Survival in a foreign market is not always the same as in the home market. This study examines interaction effects between cultural distance, country risk, entry mode, firm age, investment location and market size on firm survival. A distant culture is related to a lower survival rate but the greater the market size and the older the firm, the less severe the effect. Wholly owned subsidiaries have the highest survival rate. However, as market size and the age of the firm grow, the survival rate of equity joint ventures increases while that of wholly owned subsidiaries remains unaffected. Country risk is negatively related to survival rate. The negative impact of country risk in Eastern China is lower than any other region of China and manufacturing firms suffer less negative impact of country risk and cultural distance than non-manufacturing firms.

中文翻译:

制造业和非制造业之间的企业生存:文化距离,国家风险,进入模式,市场规模,企业年龄和位置

摘要国外市场的生存并不总是与国内市场相同。这项研究考察了文化距离,国家风险,进入模式,企业年龄,投资地点和市场规模之间对企业生存的相互作用影响。遥远的文化与较低的生存率有关,但市场规模越大,企业越老,影响就越小。全资子公司的成活率最高。但是,随着市场规模和公司年龄的增长,合资公司的生存率提高,而全资子公司的生存率则不受影响。国家风险与生存率负相关。
更新日期:2020-02-27
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