Recently, Assistant Professor Liu, Bin from the Department of Business Management, School of Management, serving as the corresponding author and the co-first author, has published a paper titled “Two-sided effects of state equity: The survival of Sino–foreign IJVs” in the Journal of International Business Studies, the top, and only journal listed in both the UT/Dallas 24 and Financial Times 50 journal lists in the international business domain. The journal is also recognized as an A+ journal in the School of Management publication list.
Title: Two-sided effects of state equity: The survival of Sino–foreign IJVs
Authors：Peng Wang，Bin Liu*（co-first author），Andrew Delios，Gongming Qian
Journal: Journal of International Business Studies，2022.5，54,107-127
Abstract: We replicate and extend Mohr et al.’s work (Journal of International Business Studies 47: 408–426, 2016), which hypothesized that increased state participation in the equity of international joint ventures (IJVs) decreased dissolution likelihoods, as tested with a sample of 623 Sino–foreign IJVs in the 1985–2009 period. Given the rapid developments in China’s economy and its institutional environment, we ask the question of whether the effects in Mohr et al. (2016) can be observed over a long period of time. We examine the generalizability of their findings (1) by replicating their study with a larger sample from the same data source, and over a longer period (1985–2017), and (2) by studying a sample of 803 IJVs from the same population but from another data source (the Annual Census of Chinese Industrial Enterprises) in the 2000–2017 period. We find that state equity can benefit IJV survival from favorable regulatory support, but it can also lead to lower survival rates due to unfavorable governmental intervention. Overall, we advocate a two-sided effect of state equity that leads to a curvilinear relationship between state equity and IJV dissolution, where time is an important boundary condition.
Author Bio: Bin Liu (Ph.D., Chinese University of Hong Kong) is an Assistant Professor at Xiamen University. His research interests are international business (particularly Belt and Road Initiative), corporate governance, and family business with a focus on emerging economies. He is one of the leading pioneers in investigating the Belt and Road Initiative in the international business domain. He has published widely in peer-reviewed academic journals including Asia Pacific Journal of Management, Management and Organizational Review, Journal of International Business Policy, Journal of International Business Studies, and Journal of World Business. He received the Best Paper Award at the 2019 Asia Pacific Regional Conference Meeting of the Academy of International Business, Winner of the first runner-up for the Best Phenomenon-based Paper Award at Journal of World Business in 2019, IACMR-GSJ Global Strategy Best Paper Award at the Ninth Biennial International Association for Chinese Management Research Conference, Best Paper Award at Quarterly Journal of Management in 2021, Best Reviewer Award at Quarterly Journal of Management in 2018, 2020, 2021. He serves on the Editorial Review Broad for Asian Business and Management, Asia Pacific Journal of Management, Quarterly Journal of Management, and as the guest editor of a Special Issue at Management and Organization Review while being the reviewer for more than 19 academic journals, and he has won the first prize of the 11th English Teaching Competition at Xiamen University, Xiamen High-level Talent certification, and Xiamen High-level Returnee Talent certification.
