Joint ventures or non equity-alliances? Evidence from Italian firms

Antonio Majocchi (), Ulrike Mayrhofer () and Joaquin Camps
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Ulrike Mayrhofer: MAGELLAN - Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon
Joaquin Camps: UV - Universitat de València = University of Valencia

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Abstract: This paper investigates the factors affecting the choice between joint ventures and non-equity alliances, when firms enter foreign markets. The authors compiled a database of Italian firms with 879 observations to test possible effects of firm specific characteristics, host country institutional characteristics and cultural distance on alliance mode choice. Using both transaction cost analysis and the resource based view, their findings demonstrate the crucial role played by firm size as well as by institutional and political features of host countries. The results concerning the role of functional activities involved and the industrial sector are mixed. Overall, the analysis shows that it is necessary to develop a more integrated approach to understand this complex choice made by firms when expanding abroad.

Keywords: strategic alliances; Market entry modes; joint ventures; strategic alliances. (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

Published in Management Decision, 2013, 51 (2), pp.380-395

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00796897

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