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A Note on Corporate Overseas Investment Decision Priorities of Taiwanese Direct Real Estate Investors

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Abstract

Data generated from a situationally adapted analytical hierarchical process (AHP) questionnaire focusing on two politically confrontational countries (the People's Republic of China and the Republic of China on Taiwan), provides a revealing assessment of the decisionmaking priorities for three types of direct foreign investment, namely wholly foreign-owned subsidiaries (WFSs), equity joint ventures (EJVs) and contractual joint ventures (CJVs). Cross-case comparison shows distinctly different priorities among the three types for the two countries, and that country selection entails more caution than does the subsequent selection of city. Whereas political environment factors are of only marginal importance for domestic decisions, they are of primary consideration in overseas investment decisions.

Suggested Citation

  • Chao-i Hsieh, 1997. "A Note on Corporate Overseas Investment Decision Priorities of Taiwanese Direct Real Estate Investors," Journal of Real Estate Research, American Real Estate Society, vol. 13(3), pages 359-368.
    • Handle: RePEc:jre:issued:v:13:n:3:1997:p:359-368
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    References listed on IDEAS

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    1. Vargas, Luis G., 1990. "An overview of the analytic hierarchy process and its applications," European Journal of Operational Research, Elsevier, vol. 48(1), pages 2-8, September.
    2. P. Shim, Jung., 1989. "Bibliographical research on the Analytic Hierarchy Process (AHP)," Socio-Economic Planning Sciences, Elsevier, vol. 23(3), pages 161-167.
    3. Peter Drysdale & Sébastien Willis, 2013. "Asia and The G20," EABER Working Papers 23384, East Asian Bureau of Economic Research.
    4. Fama, Eugene F, 1972. "Components of Investment Performance," Journal of Finance, American Finance Association, vol. 27(3), pages 551-567, June.
    5. Olson, David L. & Venkataramanan, Munirpallam & Mote, John L., 1986. "A technique using analytical hierarchy process in multiobjective planning models," Socio-Economic Planning Sciences, Elsevier, vol. 20(6), pages 361-368.
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    Cited by:

    1. Wong Mike C. W. & Chen Steven X. G. & Choy Lennon H. T., 2019. "Transforming China by Chinese Enterprises through Foreign Direct Investment: Experience of Hong Kong Real Estate Developers," Man and the Economy, De Gruyter, vol. 6(1), pages 1-33, June.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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