More than two are a crowd. Different paths to effectiveness in dyadic and multi-party joint ventures
AbstractUsing data from 87 joint venture (JV) experiences, we compared the effectiveness of dyadic and multi-party JVs. We show that dyadic JVs are more effective than multi-party ones, and that the conditions resulting in an enhanced effectiveness differ for the two groups: while relational embeddedness significantly influences the effectiveness of dyadic JVs, monitoring mechanisms are pivotal in the case of multi-party JVs.
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Bibliographic InfoPaper provided by IESE Business School in its series IESE Research Papers with number D/385.
Length: 21 pages
Date of creation: 10 Apr 1999
Date of revision:
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- Armen A. Alchian & Harold Demsetz, 1971.
"Production, Information Costs and Economic Organizations,"
UCLA Economics Working Papers
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- Seung Ho Park & Michael V. Russo, 1996. "When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure," Management Science, INFORMS, vol. 42(6), pages 875-890, June.
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