This paper provides a comprehensive analysis of foreign investors’ ownership strategies in the land-locked transition economy of Mongolia. Drawing broadly on the transaction cost theory and institutional model, a number of investing firm and host country characteristics were identified. Drawing on a sample of 1,033 affiliates of foreign investors with varying levels of foreign ownership, the paper examines the choice between a wholly owned subsidiary (WOS) and a joint venture (JV).
- entry mode
- foreign ownership
Kaynak, E., Demirbag, M., & Tatoglu, E. (2007). Determinants of ownership-based entry mode choice of MNEs: evidence from Mongolia. Management International Review, 47(4), 505-530. https://doi.org/10.1007/s11575-007-0028-y