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Contractual Joint Ventures in China: Formation, Evolution and Operation PDF

184 Pages·2008·1.063 MB·English
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by Yue Wang| 2008| 184 pages| 1.063| English

About Contractual Joint Ventures in China: Formation, Evolution and Operation

This pioneering book of CJVs (Contractual Joint Ventures) in China reveals the nature of CJVs as a type of non-equity based alliance arrangement, possessing both quasi-market and quasi-hierarchy features. It is one of the three major forms of FDI (Foreign Direct Investment) prescribed by Chinese government. There is now a substantial research on EJVs (Equity Joint Ventures) and WFOEs (Wholly Foreign Owned Enterprises). Based on the author's rich and extensive field research, the book shows that transaction cost considerations explained the choice of CJVs over quasi-market processing and (P&A) assembling contracts on the one hand and EVJs on the other. The author also shows why and how CJVs remained an efficient governance structure over time in a changing institutional environment.

Detailed Information

Author:Yue Wang
Publication Year:2008
ISBN:9781604568165
Pages:184
Language:English
File Size:1.063
Format:PDF
Price:FREE
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