Resource commitment, entry timing, and market performance of foreign direct investments in emerging economies: The case of Japanese international joint ventures in China

This study examined whether early movers and technology leaders attained su perior performance in emerging economic regions. We assessed the determinan ts and performance consequences of two key aspects of entry strategy, resou rce commitment to technology transfer and timing of entry, using survey dat a from over 220 Sino-Japanese joint ventures (JVs) in China. Both high comm itment and early entry had positive impacts on the perceived economic perfo rmance of the JVs. Yet these relationships were found to be significantly c ontingent on several internal and external factors, such as the strategic i mportance of an investment, parental control of a JV, and the availability of supporting local infrastructure.