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Equity ownership and management control in Sino-foreign joint venture hotels

Author

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  • Michael C. S. Wong
  • Sherriff T. K. Luk
  • Stephen C.Y. Li

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.

Suggested Citation

  • Michael C. S. Wong & Sherriff T. K. Luk & Stephen C.Y. Li, 2005. "Equity ownership and management control in Sino-foreign joint venture hotels," The Service Industries Journal, Taylor & Francis Journals, vol. 25(1), pages 117-133, January.
    • Handle: RePEc:taf:servic:v:25:y:2005:i:1:p:117-133
    DOI: 10.1080/0264206042000302441
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    Cited by:

    1. Isidor, Rodrigo & Schwens, Christian & Hornung, Frank & Kabst, Ruediger, 2015. "The impact of structural and attitudinal antecedents on the instability of international joint ventures: The mediating role of asymmetrical changes in commitment," International Business Review, Elsevier, vol. 24(2), pages 298-310.
    2. Victoria Golikova & Paeivi Karhunen & Riitta Kosonen, 2011. "Subsidiary evolution in a transition economy: Kemira GrowHow in the Russian fertilizer market," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 16(1), pages 9-30.
    3. Karhunen, Päivi & Löfgren, Joan & Kosonen, Riitta, 2008. "Revisiting the relationship between ownership and control in international business operations: Lessons from transition economies," Journal of International Management, Elsevier, vol. 14(1), pages 78-88, March.
    4. Thi Cam Tu Luong & Ann Jorissen & Ine Paeleman, 2019. "Performance Measurement for Sustainability: Does Firm Ownership Matter," Sustainability, MDPI, vol. 11(16), pages 1-35, August.

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