Bounded Reliability and the termination of international joint ventures – insights from the Mid-Med Bank, 1975–1979

Qing Lu

Business History, 2021, vol. 63, issue 2, 205-224

Abstract: In the late twentieth century, the international joint venture (IJV) became an increasingly important yet unstable organisational form of international business. Based on insights provided by the Mid-Med Bank of Malta during the period 1975-1979, this article argues that the unanticipated termination of IJVs has endogeneity due to the bounded reliability of their partners’ decision makers, developed from the formative stage and influenced by inter/intra organisational relationships along the evolution of the IJVs. The findings thus contribute to our understanding of the nature of bounded reliability, contractual governance and the bargaining process.

Date: 2021
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DOI: 10.1080/00076791.2018.1552679

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