The Timing of Entry into a New Market: An Empirical Study of Taiwanese Firms in China
研究了台湾企业进入中国市场的时机选择，发现经济与制度因素共同影响决策，早期进入收益预期高的企业更早进入，而更敏感于不确定性的企业则推迟进入。
This study examines the determinants of the timing of Taiwanese firms' entry into China. Our empirical findings suggest that this strategic decision is influenced by both economic and institutional concerns. In particular, we found that Taiwanese firms that expected greater benefits from early entry tended to be early entrants in China, while those that were more sensitive to uncertainty chose to defer their entry. We also found a curvilinear relationship between firm size and timing of entry into China. Our findings further indicate that the negative relationship between investment irreversibility and early entry is weaker in the presence of substantial perceived first mover advantages.