This paper conducts an in-depth critique of previous research on international joint venture instability by pointing out its major limitations: lack of clear conceptualizations and consistent operationalizations, lack of clarity in the relationship with performance, static focus on the eventual...

We empirically test the proposition that foreign direct investors should use joint ventures with local firms for their first investment in unfamiliar markets. By tracking the expansion paths of Japanese investors in the US, we find no evidence that the growth of Japanese firms which first...