@article{Hennart:127311,
      recid = {127311},
      author = {Hennart, Jean-Francois and Roehl, Thomas and Hagen, James  M.},
      title = {Are Joint Ventures with Local Firms an Efficient Way to  Enter a Culturally Distant Market? The Case of Japanese  Entry into the United States},
      address = {2002-08},
      number = {642-2016-44313},
      series = {WP},
      pages = {25},
      year = {2002},
      abstract = {We empirically test the proposition that foreign direct  investors should use joint ventures with local firms for  their first investment in unfamiliar markets. By tracking  the expansion paths of Japanese investors in the US, we  find no evidence that the growth of Japanese firms which  first entered the US in a joint ventures with local firms  is different from that of Japanese counterparts which used  wholly-owned subsidiaries for initial US market entry.},
      url = {http://ageconsearch.umn.edu/record/127311},
      doi = {https://doi.org/10.22004/ag.econ.127311},
}