Fisher, T F and Ranasinghe, M (2001) Culture and foreign companies' choice of entry mode: The case of the Singapore building and construction industry. Construction Management and Economics, 19(4), pp. 343-353. ISSN 01446193
Abstract
Recent studies have shown that culture has an effect on the choice of foreign investment venture structure. Cultural distance has been identified as a primary determinant in the selection of shared control over wholly foreign owned investment. The data from these studies indicate, however, that individual cultural characteristics of investor countries may be more important than the difference in culture. In this study, a sample of Singaporean building and construction firms is utilized to explore whether joint venture (JV) formations correspond more to the uncertainty avoidance dimension of the investor's culture than to cultural distance. The results show that an investor's cultural aversion to risk may be more influential in explaining the propensity for firms from certain countries to engage in JVs, rather than other cultural factors.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | culture; entry mode; foreign investment; joint ventures; partner selection; regionalization; technology transfer |
| Index terms: | investor, Singapore, partner selection, joint venture, construction industry, determinant, dimension, entry mode, foreign investment, construction firm, technology transfer |
| Subjects: | Geography, industry analysis, market analysis, partnership management, sociology, risk assessment, organization, business, knowledge management, economic analysis, health monitoring assessment and metrics |
| Topics: | International Construction, Business Strategy, Health and Safety, Geographical Context, Research Practice, Engineering Principles, Stakeholder Management, Risk Management |
| Descriptive scope: | 3 PCT |
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