Joint ventures vs. non-joint ventures: an empirical investigation
Article Abstract:
Research study comparing the performances of joint and non-joint ventures in the petroleum exploration industry indicated that while joint ventures had greater market power in bidding for leases, their track record in risk reduction was significantly less than non-joint ventures. The lease tract bidding records of the United States Department of the Interior for the period 1954-1973 were examined. Joint ventures won 54 percent compared to 46 percent for non-joint ventures. There was no significant difference however, in the amount of oil or gas recovered from the leases. Since there is no significant advantage in oil exploration joint ventures, it is suggested that the oil industry engages in joint ventures as a way of minimizing rivalry. The oil industry is classified as an oligopoly-type industry characterized by moderate industrial concentration.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1991
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The formation of Japanese and U.S. equity joint ventures in China
Article Abstract:
The most common form of foreign direct investment in China since the 1980s has been the equity joint ventures (EJVs). A study was conducted to investigate the traits of Japanese and American EJVs in China between 1979 and 1993. The sample consisted of 373 EJVs with Japanese partners and 653 with US firms. Findings revealed differences in terms of six major features: selection of the Chinese partner, selection of the second foreign partner if there is more than one foreign partner, foreign equity ownership, foreign capital contribution, EJV business scope and the EJV location. These variations seemed to be related to differences in risk orientation, reactions to political events in China, the effect of geographical proximity and perceived cultural relatedness, the state of bilateral governmental relations, and industry structure traits.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1997
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Absorptive capacity, learning, and performance in International Joint Ventures
Article Abstract:
Research into the capacity, learning, and performance in international joint ventures is given. The research shows that trust and management support from foreign parent companies are associated with international joint venture performance, but not learning.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2001
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