WHY DO MANDATED INTERNATIONAL JOINT VENTURES STILL EXIST?
WHY DO MANDATED INTERNATIONAL JOINT VENTURES STILL EXIST?
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DOI：
10.1111/coep.12490
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发表时间：
2020
影响因子：
1.5
通讯作者：
Dapeng Cai;Yukio Karasawa-Ohtashiro
中科院分区：
文献类型：
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作者：
Dapeng Cai;Yukio Karasawa-Ohtashiro
人们普遍认为应该完全取消对外国直接投资的限制。然而，有效地要求跨国企业（MNEs）通过国际合资企业（IJVs）进入的当地股权要求（LERs）仍然很普遍，而且似乎持续存在。我们试图了解政府为什么以及如何被激励采用责任制。我们证明，在规范跨国公司进入以前由上市公司主导的国内市场时，ller实际上可以成为东道国政府的最佳选择。（jelf13, f23, l32）
It is widely believed that restrictions against foreign direct investment (FDI) should be eliminated altogether. However, local equity requirements (LERs) that effectively mandate multinational enterprises (MNEs) to enter through international joint ventures (IJVs) are still common and are seemingly persistent. We seek to understand why and how governments are motivated to adopt LERs. We demonstrate that LERs can in fact be host governments' optimal choices when regulating the entry of MNEs into domestic markets formerly dominated by public firms. (JELF13, F23, L32)