First-mover Advantages

FIRST MOVER ADVANTAGES IN INVESTING

IN TRANSITIONAL ECONOMIES:

TWO TESTS FROM CHINA



Yadong Luo, Ph.D

University of Hawaii


Mike W. Peng, Ph.D.

University of Hawaii and
The Chinese University of Hong Kong


[ Address Correspondence To ]

Prof. Yadong Luo
College of Business Administration
University of Hawaii
2404 Maile Way
Honolulu, Hawaii 96822
Tel: (808) 956-7397; Fax: (808) 956-2774
yadong@busadm.cba.hawaii.edu


Forthcoming, Thunderbird International Business Review (1998)
June 1997 (Revision)


[Acknowledgment] An earlier version of the paper was presented at the Academy of International Business (Pacific Rim Chapter) conference in Hawaii in June 1997. We thank Eric Harwit, Richard Moxon, Oded Shenkar and Justin Tan for their helpful comments, and two anonymous reviewers for their sound advice. This research was supported in part by the College of Business Administration, the University Research Council, and the Center for Internation...