Business Commons^™

What Makes And What Does Not Make A Real Option? A Study Of International Joint Ventures, Ilya Cuypers, Xavier Martin

Research Collection Lee Kong Chian School Of Business

This paper examines the boundaries of real options logic, with an application to joint ventures (JVs). We distinguish between forms of uncertainty that are resolved endogenously and those that are resolved exogenously, and theorize that only exogenous uncertainty will have the impact predicted by real options theory on a foreign investor's choice of how large an equity share to take in a JV. We theorize that macroeconomic and institutional variables generate exogenous uncertainty whereas, by contrast, cultural distance and choices pertaining to corporate scope and product or process development activities involve endogenous sources of uncertainty that investors can both assess …

An Examination Of Major Chinese Auto Manufacturing Firms Between 1956-2000: From A Global Supply Chain Perspective, Kun Liao, Paul Hong

All Faculty Scholarship for the College of Business

In 2005, the Chinese auto production output has surpassed France and became the world’s fourth largest Auto manufacturing country (just behind US, Japan and Germany) in terms of auto-related manufacturing output. The phenomenal growth of Chinese auto manufacturing, however, received relatively little research attention.

This paper examines major Chinese auto-manufacturing firms between 1956-2000. The paper is organized as follows: (1)we will first review the history of Chinese auto-manufacturing since 1955 when the first automobile plant was ever built in China. We will briefly review issues related to the growth patterns, issues and management practices during the past 50 years; (2) …

Regionalisation And Singapore's Transborder Industrialisation: A New Perspective On Suzhou Industrial Park, Xun Cai, Lu Gao, Caroline Yeoh

Research Collection Lee Kong Chian School Of Business

The dynamics of international economic competition have prompted governments to re-examine accustomed policies, and search for alternative strategies, in order to re-position their economies for the future. This paper takes a look at Singapore’s search for a competitive positioning in the global marketplace, and focuses on the city-state’s much-publicized, and controversial, flagship project in China, viz, the Suzhou Industrial Park (SIP). This strategic initiative is premised on the perceptions that Singapore’s positive reputation with multinational corporations, and ‘guanxi’ (or connections) with regional governments, will give the regional sites a strategic advantage in the competition for foreign investments. Earlier studies have …

Law And Investment In China: The Legal And Business Environments After Wto Accession, Vai Lo, Xiaowen Tian

Xiaowen Tian

The Chinese market is appealing, but the Chinese legal system is very complicated. A basic understanding of Chinese law is absolutely crucial for companies investing in this fast-growing and potentially huge market. Since China is moving toward a socialist market economy and is increasingly integrated into the world market, some aspects of China's commercial law are different from, while others are moving into line with, those of mature market economies.

This book provides an introduction to the Chinese legal system, focusing on laws and regulations on foreign direct investment and highlights recent government policies and measures undertaken to intensify economics …

Manufacturing Technology And Operations In China:: A Survey Of State-Owned Enterprises, Private Firms, Joint Ventures And Wholly-Owned Foreign Subsidiaries, David Pyke Phd, Ma, Mba, Ba, John Farley Phd, David Robb Phd, Mba, Be

School of Business: Faculty Scholarship

The Government of China has decided to privatize many State-owned enterprises (SOEs). Is it wise to consider investing in these SOEs? What is the level of installed technology, from traditional production planning systems, like MRP, to robotics? How different are SOEs from privately-owned firms, joint ventures, and wholly-owned foreign subsidiaries? This paper attempts to answer these questions based on a survey of 120 manufacturing firms in the Shanghai area. We report on the status of, and future plans for, manufacturing technology implementation; and we discuss other improvement initiatives. We report on significant differences among ownership types, and yet we discover …

Manufacturing And Supply Chain Management In China:: A Survey Of State-, Collective-, And Privately-Owned Enterprises, David Pyke Phd, Ma, Mba, Ba, David Robb Phd, Mba, Be, John Farley Phd

School of Business: Faculty Scholarship

Because of the booming economy, interest in China has soared in recent years. The government has decided to privatize many State-owned enterprises (SOEs), so foreigners can much more easily invest in existing firms than ever before. Is it wise to consider investing in these SOEs? Certainly, many have major problems. How sophisticated are Chinese manufacturing firms? Do they understand modern principles of manufacturing strategy and supply chain management? What is the level of installed technology, from traditional production planning systems, like MRP, to robotics? This paper attempts to answer these questions based on a survey of 100 firms in the …

The Market And Ethics: The Case Of The 1994 Decision By The Clinton Administration To Delink China's Human Rights Record From Most-Favored-Nation Status, Susan C. Morris

Graduate Program in International Studies Theses & Dissertations

Amid the globalization of markets and the interdependence of states, human rights violations throughout the world still persist. The purpose of this study is to investigate the relationship between the economic interdependence of nations and the moral responsibilities of nations by examining the case of the 1994 decision by the Clinton administration to delink China's human rights practices from most-favored-nation status.

The annual 1997 Freedom House world survey of human rights rated China at its lowest point and quoted that “the regime continues to have one of the worst human rights records in the world.”1 Yet despite China's ongoing human …

Relative Gains Problem And Case Studies Of Economic Cooperation In East Asia, Ping Deng

Graduate Program in International Studies Theses & Dissertations

Relative gains problem basically means unequal cooperative payoffs disproportionately favoring partners. With the relative gains problem widely accepted as a serious impediment to international cooperation, some scholars have theoretically argued or modeled several conditions that are most likely to foster a state's sensitivity to relative gains and thus substantially affect the prospects for cooperation. But little empirical work has been done to date. The central objective of this dissertation is to test whether those theoretical propositions can be supported by empirical evidence. For this purpose, we have deducted three hypotheses: (1) If a state faces military threat and zero-sum political …

The Impact Of The World Trade Organization On The Lack Of Transparency In The People's Republic Of China, Stephen Kho

Maryland Series in Contemporary Asian Studies

No abstract provided.

Reply To 'A Comment On 'Industry's Response To Market Liberalization In China: Evidence From Jiangsu Province', Penelope B. Prime

International Business Faculty Publications

No abstract provided.

Successful Operating Strategies In The Performance Of U.S.-China Joint Ventures, Gregory E. Osland

Scholarship and Professional Work - Business

Evaluations of the performance of international joint ventures (IJVs) in China have produced mixed conclusions. This study sought to uncover performance criteria used by various groups of managers and to identify critical factors in IJV performance in China. Using in-depth case studies, matched data were collected from personal interviews with managers from Chinese and U.S. parent companies, joint venture operating managers from both partners, and government officials from both countries. The performance criteria used by joint venture participants appear to be converging, with profitability emerging as the dominant element. This exploratory study uncovered four important strategic factors in the performance …

The Economy In Overdrive: Will It Crash?, Penelope B. Prime

International Business Faculty Publications

The Chinese government still determines the economy's course, but market mechanisms have expanded from consumer goods to include producer goods, raw materials and even stocks and bonds. The Chinese economy, its rapid growth and how this might influence the future economy are discussed.

Industry's Response To Market Liberalization In China: Evidence From Jiangsu Province, Penelope B. Prime

International Business Faculty Publications

Addresses the question of whether market liberalization in China has improved economic conditions by examining changes in production patterns in industry as a measure of specialization and by estimating industrial productivity as a proxy for efficiency.

Letter From Francis Mairs Huntington-Wilson To J. P. Morgan And Company, July 29, 1909, Francis Mairs Huntington-Wilson

Other Correspondence

The document is a carbon copy of a typed letter from the Assistant Secretary of State to J. P. Morgan and Company concerning a bill for a copy of a book that was sent.

Memorandum Regarding A Congressional Appropriation For The State Department, Francis Mairs Huntington-Wilson

Organization of the State Department

The document is a typed memorandum concerning the necessity of expanding the State Department, particularly the Bureau of Trade Relations.