Workshop’s Topic: There is an urgent need for empirical research to investigate how emerging market firms adjust their strategies in response to the uncertainty stemming from the tendency of economic decoupling between the US and China. This study finds that publicly listed Chinese firms (2016-2021) differ in their ability to perceive the uncertainty associated with decoupling. In line with the real options reasoning, the perception of uncertainty prompted a propensity to defer investments. However, firms strategically adopted this "wait and see" response, reducing certain investments while maintaining others. The study contributes to the growing body of literature on decoupling by providing empirical evidence of its impact on firm investment strategies.

Time and Location: 10:00 AM (GMT+8), Room A823 (School of Management)

Language: Bilingual (Chinese and English)