Performance and survival of joint ventures with non-conventional ownership structures

Shige Makino (The Chinese University of Hong Kong), Paul W. Beamish (The University of Western Ontario)

The international joint venture (JV) literature has focused on two parent JVs formed between one foreign and one local firm. Yet, other types of JVs exist. This paper iddentifies four distinct forms of JVs based on the JV partners' nationality and equity affiliation. These are (i) JVs that are formed between affiliated home-country based firms; (ii) JVs that are formed between unaffilitated home-country based firms; (iii) JVs that are formed between home-country based and local firms; and (iv) JVs that are formed between home-country and third-country based firms. Our analysis of 737 Japanese JVs in Asia demonstrates that the conventionally assumed form of JV represented only 30 percent of the total. Further, each of the four JV forms significantly differed in terms of incidence, performance, and survival likelihood.

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Year of publication:	1998
Authors:	Makino, Shige ; Beamish, Paul W.
Published in:	Journal of international business studies : JIBS ; an official journal of the Academy of International Business. - Basingstoke, Hampshire : Palgrave Macmillan, ISSN 0047-2506, ZDB-ID 410609-X. - Vol. 29.1998, 4, p. 797-818
Subject:	Joint Venture \| Joint venture \| Unternehmenserfolg \| Firm performance \| Eigentümerstruktur \| Ownership structure \| Japan \| Asien \| Asia \| 1991

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Notes:	In: Journal of international business studies
Source:	ECONIS - Online Catalogue of the ZBW

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