This paper draws on a risk analysis framework in order to develop a systematic understanding of the risks perceived by partners, and to investigate the implications of risk perception for the configuration of control, in the post-formation governance of international joint ventures. The key...

We argue that diversification can partly be explained by means of a novel concept, "economies of connectedness", denoting personal relationships of the owners that are used to add new businesses to an otherwise diversified portfolio. Economies of connectedness is a concept that complements those...