Cultural distance, investment flow, and control in cross‐border cooperation
研究了文化距离对韩国中小企业跨境合作偏好的影响，发现文化距离与寻求的控制程度无关，但与国内外市场偏好显著相关，且对内向投资的影响大于外向投资。
Abstract Previous research analyzing the impact of cultural distance on joint venture negotiations has often confounded firm and environment effects. To decouple these effects, the cross‐border cooperation preferences of small and medium‐sized Korean firms were studied, considering simultaneously firms involved in inward and outward investment ventures. While cultural distance showed no significant relationship with the degree of control sought over the cooperative ventures, cultural distance was significantly related with a preference for ventures in domestic or foreign markets. The impact of cultural distance was found to be greater in inward investment than in outward investment. Copyright © 2008 John Wiley & Sons, Ltd.