 The termination of international joint ventures: Closure and acquisition by domestic and foreign partnersJosé Mata and Pedro Portugal () International Business Review, 2015, vol. 24, issue 4, 677-689 Abstract: We study different modes of terminating international joint ventures, namely closure and acquisition, and find that different forces govern the two termination modes. Decisions regarding asset specificity and the size of the venture affect the likelihood of closure, but not that of acquisition. In contrast, full acquisition by one of the partners is related to history of the venture before the joint venture was formed, to decisions made at the time of the creation with respect to equity split between partners, and to subsequent changes of these initial decisions. Joint ventures that were created de novo are more likely to be closed down than those that were previously fully owned by one of the parties. The proportion of equity initially held by each partner and subsequent increases in this proportion increase the likelihood of the venture being fully acquired by that partner. Keywords: Joint ventures; Dissolution; Termination; Survival; Closure; Acquisition (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:24:y:2015:i:4:p:677-689 Ordering information: This journal article can be ordered from DOI: 10.1016/j.ibusrev.2014.12.004 Access Statistics for this article International Business Review is currently edited by P. Ghauri More articles in International Business Review from Elsevier |
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