管制制度落差对中国跨国公司进入模式的影响

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Abstract The paper addresses the relationship between institutional distance of regulation and Chinese enterprises’ overseas market entry modes.It focuses on the impact of favorable and unfavorable institutional distance on enterprises’ decision-making. Based on the above, the paper examines the impact of the interaction between the openness of a host country’s market and institutional distance on multinationals’ overseas equity entry modes. The research finds that in the case of favorable regulative institutional balance, foreign enterprises tend to build a joint-venture subsidiary, as the regulative institutional differences between the host country and the mother country increase. In the case of unfavorable regulative institutional balance, foreign enterprises tend to set up a wholly-owned subsidiary, as the institutional difference between the host country and the mother country increase. Besides, the openness of the host country plays a significantly regulatory role in the two above pairs of relationships

Key words： Regulative institutional distance Host country’s market openness Favorable institutional distance Unfavorable institutional distance Entry modes

Received: 20 January 2016

PACS:

F276.7

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	Articles by authors
	Li Kanghong
	Lin Runhui
	Li Ya
	Zhou Changbao

Cite this article:

Li Kanghong,Lin Runhui,Li Ya, et al. The Effect of Regulative Institutional Distance on Chinese Overseas Subsidiaries’ Choice of International Entry Modes[J]. , 2016, 0(9): 78-84.

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http://www.zgkjlt.org.cn/EN/ OR http://www.zgkjlt.org.cn/EN/Y2016/V0/I9/78

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