The Equity Governance Model of the Wuhan Iron and Steel Corporation (WISCO)’s Overseas Investment

This case explores the mechanism of equity governance model when multinational companies enter overseas markets. It does this by analyzing seven investment projects carried out by WISCO in five countries. This case introduces these projects and sorts through the equity scenarios of each, clarifying the relationship between equity setting and national institutional support, and establishing the parameters of the Wugang (Wugang is short for Wuhan Iron and Steel Corporation) model. Lastly, the scientific nature of the Wugang model is analyzed from the perspective of institutional theory.