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Measuring The Technological Leadership Of International Joint Ventures In A Transforming Economy, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Measuring The Technological Leadership Of International Joint Ventures In A Transforming Economy, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Hong Kong Institute of Business Studies Working Paper Series
This paper introduces technical efficiency as an objective criterion for measuring the performance of international joint ventures in China. We compute the estimates of time-invariant and time-varying technical efficiency in four major manufacturing industries in Shanghai. We show that international joint ventures are in general more technically efficient than domestic firms in the industries of textile, machinery and equipment, and electronics and telecommunications equipment are widening in our sample period although the industrial reforms and active technology policies have improved the productivity of domestic firms. However, in the clothing industry, the technical efficiency of domestic firms, especially state-owned firms, is …
The Motives Of Hong Kong-Japanese International Joint Ventures, Mei Ling, May Wong
The Motives Of Hong Kong-Japanese International Joint Ventures, Mei Ling, May Wong
Hong Kong Institute of Business Studies Working Paper Series
This paper attempts to study Hong Kong-Japanese joint ventures from the perspectives of firm-specific advantages provided by both partners. The analysis focuses on the local partner's perspective of establishing international joint ventures (IJVs) with a Japanese multinational retailer. First, the background of the local partner, especially the company’s organizational restructuring immediately before the formation of the IJVs is examined. Second, the development and consolidation of the IJVs between the two partners by a series of IJV activities in Hong Kong, Asia, and China is described. Third, the motives behind both partners to establish the IJVs are examined. Finally, an evaluation …
Profitability And Technical Efficiency : A Performance Evaluation Of International Joint Ventures In Shanghai's Manufacturing Industries, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Profitability And Technical Efficiency : A Performance Evaluation Of International Joint Ventures In Shanghai's Manufacturing Industries, Kong Wing, Clement Chow, Ka Yiu, Michael Fung
Hong Kong Institute of Business Studies Working Paper Series
This paper studies the relationship between accounting profits and efficiency of manufacturing enterprises in Shanghai during the period of 1989-1992 and examines which factors affect the profitability of manufacturing enterprises. In 1990, the industrial reform was sped up, a Chow test is used to test for the presence of any structural break and our empirical test confirms its presence. In addition, this paper also tests for the presence of ownership effects on profits. Our results indicate that the profits of international joint ventures are more persistent than the rest of ownership types and industries.
Endogenous Sequencing In Strategic Trade Policy Games Under Uncertainty, Kit Pong Wong, Kong Wing, Clement Chow
Endogenous Sequencing In Strategic Trade Policy Games Under Uncertainty, Kit Pong Wong, Kong Wing, Clement Chow
Hong Kong Institute of Business Studies Working Paper Series
This paper examines a trade policy game with endogenous timing. A tradeoff between commitment and flexibility is identified. The timing of trade policy decisions is shown to depend on the degree of demand uncertainty. When demand uncertainty is low, countervailing duties will never be used because the home government sets its tariff first followed by the export subsidy of the foreign government. When demand uncertainty is very high, the foreign government sets its subsidy first followed by the tariff set by the home government. The foreign government actually imposes an export tax anticipating the tariff retaliation of home government to …