Equity ownership and management control in Sino-foreign joint venture hotels |
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Authors: | Michael C S Wong Assistant Professor Sherriff T K Luk Associate Professor Stephen CY Li Senior Lecturer |
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Institution: | 1. Department of Economics of City , University of Hong Kong;2. Department of Business Studies and China MBA Program Director at the Faculty of Business and Information Systems of the Hong Kong Polytechnic University;3. College of Commerce , City University of Hong Kong |
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Abstract: | 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. |
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Keywords: | self-service internet technologies service quality antecedents consequences |
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