Different is beautiful? Effects of asymmetry on international joint-ventures performance

L. Dikmen and F. Cheriet

Working Papers MoISA from INRA, UMR Moïsa

Abstract: This article aims to highlight the multidimensional character of asymmetry through four determinants: differential of partners’ size, number of foreign partners, ownership structure and cultural distance; it also analyses the effects of asymmetry on IJV performance. Based on a quantitative study of 123 International Joint Ventures in Turkey, results show that Joint venture performance is not significantly linked to size, number of foreign partners and ownership structure. Only cultural distance has a positive and significant effect on Joint Venture performance. ....French Abstract: Ce travail a pour objectif de rendre compte de la multidimensionnalité de l’asymétrie entre les partenaires à travers l’examen de 4 déterminants: les différences de taille, le nombre de partenaires étrangers, la structure du capital, et la distance culturelle. En second lieu, l’analyse a concerné les effets de ces déterminants de l’asymétrie sur la performance des coentreprises internationales. Le travail empirique est basé sur l’analyse de 123 joint ventures internationales en Turquie. Les résultats montrent que la performance n’est pas affectée par le déséquilibre de la structure capitalistique, le différentiel de taille ou le nombre de partenaires. Il y a seulement un effet positif de la distance culturelle, suggérant une conception constructive des alliances internationales.

Keywords: ASYMMETRY; EFFECTS; INTERNATIONAL JOINT VENTURE; PERFORMANCE; TURKEY; ASYMETRIE; EFFETS; COENTREPRISES INTERNATIONALES; PERFORMANCE; TURQUIE (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ara
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