TY - JOUR
T1 - Equity ownership and management control in sino-foreign joint venture hotels
AU - Wong, Michael C.S.
AU - Luk, Sherriff T.K.
AU - Li, Stephen C.Y.
PY - 2005/1
Y1 - 2005/1
N2 - This article investigates the ownership-control relationship among China international joint ventures in the hotel industry. The findings indicate that equity ownership by foreign partners strongly affects their control over staffing and strategic management activities. This relationship is robust among hotels of different size and star ratings. However, these relationships, though they are not as strong as suggested, can be mediated by country effect. Foreign partners from Hong Kong, Singapore and Japan tend to acquire higher level of ownership and control on joint venture hotels in China, whereas foreign partners from the United States, Canada, and Europe are not. © 2005 Taylor & Francis Ltd.
AB - This article investigates the ownership-control relationship among China international joint ventures in the hotel industry. The findings indicate that equity ownership by foreign partners strongly affects their control over staffing and strategic management activities. This relationship is robust among hotels of different size and star ratings. However, these relationships, though they are not as strong as suggested, can be mediated by country effect. Foreign partners from Hong Kong, Singapore and Japan tend to acquire higher level of ownership and control on joint venture hotels in China, whereas foreign partners from the United States, Canada, and Europe are not. © 2005 Taylor & Francis Ltd.
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UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-12844286140&origin=recordpage
U2 - 10.1080/0264206042000302441
DO - 10.1080/0264206042000302441
M3 - RGC 21 - Publication in refereed journal
SN - 0264-2069
VL - 25
SP - 117
EP - 133
JO - Service Industries Journal
JF - Service Industries Journal
IS - 1
ER -