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Technology and the effects of cultural differences and task relatedness: A study of shareholder value creation in domestic and international joint ventures

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  • Hanvanich, Sangphet
  • Richards, Malika
  • Miller, Stewart R.
  • Cavusgil, S. Tamer

Abstract

Drawing on the organizational learning literature, we seek to enhance our understanding of joint ventures by developing a theory to explain the influence of technology on shareholder value creation. We also explain the moderating effects of national culture and task relatedness. Using an event-study methodology to examine the shareholder value creation for the parents of US partners in joint ventures, we found support for our hypotheses. The results thus shed light on the complex interaction between type of knowledge, national cultural difference, and task relatedness.

Suggested Citation

  • Hanvanich, Sangphet & Richards, Malika & Miller, Stewart R. & Cavusgil, S. Tamer, 2005. "Technology and the effects of cultural differences and task relatedness: A study of shareholder value creation in domestic and international joint ventures," International Business Review, Elsevier, vol. 14(4), pages 397-414, August.
    • Handle: RePEc:eee:iburev:v:14:y:2005:i:4:p:397-414
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    Cited by:

    1. Merchant, Hemant, 2012. "The characteristics and stock-market performance of international joint ventures located in three host-country groups: An extension and empirical validation," International Business Review, Elsevier, vol. 21(6), pages 1173-1189.
    2. Thuc Anh, Phan Thi & Christopher Baughn, C. & Minh Hang, Ngo Thi & Neupert, Kent E., 2006. "Knowledge acquisition from foreign parents in international joint ventures: An empirical study in Vietnam," International Business Review, Elsevier, vol. 15(5), pages 463-487, October.
    3. Cristina López-Duarte & Marta Vidal-Suárez, 2008. "Foreign direct investment through partial acquisitions: hostage effect or conflicts enhancement," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 12(3), pages 287-308, August.
    4. Yao, Zheng & Yang, Zhi & Fisher, Gregory J. & Ma, Chaoqun & (Er) Fang, Eric, 2013. "Knowledge complementarity, knowledge absorption effectiveness, and new product performance: The exploration of international joint ventures in China," International Business Review, Elsevier, vol. 22(1), pages 216-227.

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