Wielding a double-edged sword? JV investment geographic diversity and parent's innovation

Chih-Hsing Sam Liu (), Jun-You Lin () and Sheng-Fang Chou ()
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Chih-Hsing Sam Liu: National Open University
Jun-You Lin: National Open University
Sheng-Fang Chou: National Open University

Review of Managerial Science, 2022, vol. 16, issue 6, No 4, 1783-1816

Abstract: Abstract With the growing importance of international efforts, joint ventures (JVs) have received increasing attention from academics and practitioners. Drawing on the JV literature, this study asserts that a parent company’s JV investment geographic diversity is critical to understanding global investment diversity and a firm’s subsequent innovativeness. From an analysis of 472 parent companies for a 10-year period and 2734 firm-year observations, the study identifies an inverse U-shaped relationship between JV investment geographic diversity and a parent company’s innovativeness. The moderating roles of JV experience and available slack are found to strengthen such relationships. These findings support our predictions.

Keywords: Joint venture; Investment diversity; Available slack; Experience; Innovation; 62J02; General; nonlinear; regression (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s11846-021-00493-6

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