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A study of the political risk handling strategies of foreign firms in Hong Kong.

by Young Yee-hoi, Kitty. / Thesis (Ph.D.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references (leaves 194-210). / ABSTRACT --- p.ii / ACKNOWLEDGEMENTS --- p.x / TABLE OF CONTENTS --- p.xiii / LIST OF TABLES --- p.xvi / LIST OF FIGURES --- p.xix / LIST OF APPENDICES --- p.xx / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Historical Background --- p.4 / The Situation in Hong Kong --- p.6 / Effects on Hong Kong --- p.9 / Financial Instability --- p.9 / Brain Drain --- p.10 / Exodus of Firms --- p.12 / Relocation of Manufacturing Plants --- p.14 / "Diplomatic Relations: China, Britain and Hong Kong" --- p.15 / Confidence in Local Government --- p.16 / Change in Government Policy --- p.16 / Level of Overseas Investment --- p.17 / Studies on Political Risk in Hong Kong --- p.21 / Chapter II. --- LITERATURE REVIEW --- p.25 / Political Risk --- p.25 / Characteristics of Political Risk --- p.29 / Interpretations of Political Risk --- p.32 / Political Risk Indicators --- p.33 / Effects of Political Risk --- p.42 / Profit --- p.42 / Operations of the Firm --- p.43 / Financial Status of the Firm --- p.45 / Transferability of Assets --- p.45 / Revenue --- p.46 / Expropriation and Confiscation of the Firm --- p.47 / Policy and Strategy of the Firm --- p.47 / Dealing With Political Risk --- p.49 / Maximization of Short-term Profits --- p.49 / Minimization of Capital Commitment --- p.52 / Increase of Global Flexibilities --- p.54 / Adapt to Local Requests --- p.56 / Changing the Environment --- p.56 / Transferring the Risk --- p.58 / Divesting --- p.58 / Prospect Theory --- p.60 / Previous Studies --- p.64 / Previous Business-related Studies on Prospects Theory --- p.65 / Application of Prospect Theory in Business --- p.69 / Chapter III. --- RESEARCH DESIGN --- p.71 / Purpose of the Study --- p.71 / Scope of Study --- p.76 / Conceptual Model --- p.79 / General Introduction --- p.79 / Perception of Political Risk --- p.83 / Reference Point --- p.86 / Risk Handling Strategies --- p.87 / Company and Personal Characteristics --- p.88 / Operationalization of the Major Constructs --- p.89 / Assessment of Political Risk --- p.89 / Political Risk Handling Methods --- p.90 / Reference Point --- p.91 / Moderators: Company and Individual Characteristics --- p.94 / Hypothesis --- p.95 / Risk Handling Strategies --- p.95 / Role of the Moderators --- p.102 / Development of the Questionnaire --- p.104 / Survey Design --- p.107 / Chapter IV. --- DATA ANALYSIS --- p.110 / General Description --- p.110 / Company and Individual Characteristics --- p.111 / Assessment of Political Risk --- p.115 / Political Risk Handling Strategies --- p.120 / Reference Point --- p.125 / Data Analysis --- p.126 / Method of Analysis --- p.130 / Findings --- p.133 / Political Risk Assessment --- p.133 / Prospect Theory --- p.135 / Political Risk Assessment and Reference Point --- p.136 / Relating Strategies and Political Risk Assessment --- p.140 / Effects of Moderating Variables on Strategies --- p.150 / Implications --- p.175 / Prospect Theory --- p.175 / Political Risk Studies --- p.179 / Implications for Headquarters --- p.183 / Chapter V. --- CONCLUSION --- p.187 / Prospect Theory --- p.187 / Applying Prospect Theory in Business Strategies --- p.189 / Value to Theorists --- p.190 / Value to Management --- p.191 / BIBLIOGRAPHY --- p.194 / APPENDICES --- p.211

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_319171
Date January 1992
ContributorsYoung, Yee-hoi., Chinese University of Hong Kong Graduate School. Division of Marketing and International Business.
PublisherChinese University of Hong Kong
Source SetsThe Chinese University of Hong Kong
LanguageEnglish
Detected LanguageEnglish
TypeText, bibliography
Formatprint, xx, 225 leaves : ill. ; 30 cm.
CoverageChina, Hong Kong, China, Hong Kong, China, Hong Kong
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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