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Abouel-Enin, M A (1994) An empirical study of factors influencing the success of Egypt-United States of America joint ventures engaging in businesses in Egypt, Unpublished PhD Thesis, , United States International University.
- Type: Thesis
- Keywords: government; investment; joint venture; effectiveness; market; Egypt
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/304129014
- Abstract:
The problem. In spite of the fact that Egypt offers investors many investment incentives, the investment environment has not attracted USA investments as hoped. The symptoms of this phenomenon were: (1) A declining amount of USA capital invested in Egypt during 1986-1990. (2) A limited number of Egypt-USA in joint ventures implemented in Egypt. (3) An increasing number of "frozen" USA projects in Egypt during 1981-1990. Accordingly, the problem of the current study was defined as the ineffectiveness of current Egypt's Investment Laws. As a result, this study was conducted to identify factors which contributed to or hindered the success of current Egypt-USA joint ventures in Egypt. Method. A researcher-designed questionnaire was used in this correlational study to collect primary data from Egyptian and USA senior managers of Egypt-USA joint ventures in Egypt. The data collected viewed the perceptions of Egyptian and USA senior managers about factors that contributed to or hindered the success of their ventures in Egypt. Additionally, secondary data sources were employed to gather statistical data to assess the extent to which Egypt-USA joint ventures were successful. Results. The study indicated that: Factors seen as most contributing to the success of Egypt-USA joint ventures in Egypt were: the huge Egyptian market size, the low cost and availability of skilled labor, the positive attitudes of Egyptians and Americans toward each other, and the encouraging capital and profit outflow policies of Egypt. Factors seen as most hindering the success of Egypt-USA joint ventures in Egypt were: the high tax rates, the poor infrastructure, the high cost local financing, and the Egyptian government's interference in the affairs of joint ventures. There was a systematic increase in Egypt's market size which was accompanied by increases in both the amount of capital invested and the amount of profits gained in these joint ventures. There was a significant increase of the amount of profits repatriated to the USA from these ventures during 1981-1990, and this was accompanied by increases in the amount of capital invested in these ventures in Egypt.