The Rationale for International Equity Joint Ventures

Keith W. Glaister

European Management Journal, 2004, vol. 22, issue 5, 493-507

Abstract: This study examines the rationale for the formation of international equity joint ventures (IJVs) from the perspectives of the transactions cost and resource based theories. The study adopts a multi-method personal interview and self-administered questionnaire approach to examine the rationale for the decision to form an IJV in the parent firms. The study also examines the extent and methods of analysis when deciding to form a JV. Key Results. The findings show that aspects of both the transaction cost and resource base views influence the decision to form a JV. In this respect the transaction cost and resource base perspectives on JV formation should be regarded as complementary views rather than substitute views.

Keywords: International; joint; ventures; Rationale; Transaction; costs; Resource-based; view; Analysis (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (4)

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