Do initial characteristics influence IJV longevity? Evidence from the Mediterranean region

Dora Triki and Ulrike Mayrhofer

International Business Review, 2016, vol. 25, issue 4, 795-805

Abstract: The objective of this article is to determine the influence of initial conditions on the longevity of international joint ventures (IJVs) in the context of the Mediterranean region. Three key determinants are examined: ownership structure, number of partners, and establishment mode. The empirical study is based on a sample of 124 IJVs established in Southern and Eastern Mediterranean (SEMED) countries. The statistical analysis shows that the establishment mode has a significant effect on IJV longevity, but that the impact of ownership structure and the number of partners is not significant. In contrast with previous studies, the obtained findings emphasize the importance of the geographic context for this field of research. They also suggest that transaction cost theory does not completely explain the longevity of IJVs located in the SEMED region and that other theories are necessary to complement our understanding of investments in emerging economies.

Keywords: International joint ventures; Initial conditions; Longevity; Transaction cost theory; Mediterranean countries (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0969593115300330
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:25:y:2016:i:4:p:795-805

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/133/bibliographic
http://www.elsevier. ... me/133/bibliographic

DOI: 10.1016/j.ibusrev.2015.10.002

Access Statistics for this article

International Business Review is currently edited by P. Ghauri

More articles in International Business Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().