Let's revisit the HBS case of "Mirae Asset" and your 1st reflection. Please evaluate Mirae Asset's strategy to set up "its own wholly-owned subsidiaries overseas" rather than joint ventures with local partners. In your evaluation, please leverage the concept of transaction cost - You will not get credit unless your evaluation is based on transaction cost and the information/facts of the HBS case.

Answer rating: 100% (QA)

In the case of Mirae Assets strategy to set up its own whollyowned subsidiaries overseas rather than pursuing joint ventures with local partners the c... View the full answer