 Determinants of foreign ownership in international R&D joint ventures: Transaction costs and national cultureMalika Richards and Yi Yang Journal of International Management, 2007, vol. 13, issue 2, 110-130 Abstract: In this study, we integrate the transaction costs economics and national culture perspectives by examining the determinants of foreign equity ownership in international R&D joint ventures. Specifically, we focus on the impact of different uncertainty dimensions-environmental and behavioral-on the share of equity that multinational enterprises take in their overseas R&D joint ventures. We further investigate the roles that two national culture components-power distance and uncertainty avoidance-play in this process. Using 543 international R&D joint venture announcements by foreign enterprises in China, India, Japan, and the United States during the period of 1985 to 2004, our results provide support for both transaction costs economics and the national culture perspectives. Keywords: International; joint; ventures; Equity; ownership; R&D (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:intman:v:13:y:2007:i:2:p:110-130 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of International Management is currently edited by M. Kotabe More articles in Journal of International Management from Elsevier |
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