Financial performance and survival of multinational corporations in China
研究了进入时机、进入模式、市场聚焦和区位优势对在华跨国公司财务绩效和生存的影响，发现早期进入、合资企业及利用区位优势的企业利润更高，合资企业比合作经营更易生存。
This study investigates the impact of entry timing, mode of entry, market focus, and location advantages on the financial performance and survival of multinational corporations (MNCs) in China. Three major results were found. First, MNCs that entered China in an earlier year had a higher level of profit than those that entered in a later year. Second, equity joint ventures (EJVs) had a higher profit level than cooperative operations or wholly foreign-owned subsidiaries. Third, MNCs that utilized well the location advantages in China had a higher profit. We also found that EJVs were more likely to survive compared to cooperative operations, while wholly owned subsidiaries did not differ from EJVs. The findings are based on a 2-year study of about 1000 MNC operations in China. Copyright © 1999 John Wiley & Sons, Ltd.