碩士 / 國立東華大學 / 國際企業學系 / 94 / While past related studies on entry mode choices are abundant, most researchers laid their foci on individual firms and presumably considered each entry of a single firm as independent. In many cases firms conducted foreign entries in series over time, a phenomenon especially often seen in business groups or conglomerates. Such serial FDI taken by conglomerates may cast doubt on the general assumption of independence among all entries made by an individual firm and thus call for a revised explanatory framework for the entry mode choices of conglomerates. By categorizing all FDI of conglomerates into initial and subsequent entries, this study firstly examines the tendency of choice between wholly-owned subsidiary and joint venture of an initial entry on the three levels: the first entry in terms of a conglomerate, a line of business, and into a specific host country. I then adopt the perspective of path dependency to explain the entry mode choices for subsequent FDI. The influences of cultural distance in choosing foreign entry modes are also explored separately in initial and subsequent entries.
By tracing 1,535 FDI cases taken by 131 Taiwanese business groups during the time period of 1953 through 2005, I found that the conglomerates tended to choose joint venture as a mean to enter foreign markets when taking their first entries on the three levels. Meanwhile, path dependency perspective receives strong support in explaining the entry mode choices of subsequent FDI conducted by the conglomerates, which predicts that a sub-firm in a conglomerate will prefer the same entry mode as the latest successful and accumulated mode taken by other sub-firms in the same line of business or in the same specific host country. Cultural distance demonstrates stronger influences on initial entry mode choices of a conglomerate, but weaker on the subsequent foreign entries. Implications are discussed and some suggestions are made to future studies.
| Identifer | oai:union.ndltd.org:TW/094NDHU5320022 |
| Date | January 2006 |
| Creators | Shu-Ping Chen, 陳書平 |
| Contributors | Kuo-Pin Yang, 楊國彬 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 110 |
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