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Characteristics of the International Joint Ventures in Bulgaria (1989-2003)

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Author Info
Iavor Marangozov (Bulgarian Academy of Sciences - Institute of Economics)

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Abstract

Purpose - In response to the need of new knowledge about the international joint venture (IJV), the purpose of this study presents an analysis of the basic characteristics of the IJVs in Bulgaria and the variation of their characteristics depending on the nationality of the foreign partners, coming from three regions: Triad countries (USA, Western Europe and Japan); non-Triad countries; and a mixed region, encompassing combinations of partners from the above two regions. Design/methodology/approach - The advantage of the study is the use of official data from the database, established in cooperation between the author and the National Statistical Institute, on the entire non- homogeneous population of 722 IJVs in the 1989-2003 period. Findings - The generalized results of the study confirm the existence of common trends and trends diverging from those registered in previous studies both on the conventional IJV, set up by foreign and local partners, and on the non-conventional IJV, formed by foreign partners alone. Research limitations/implications - Notwithstanding the generalized results obtained, owing to the coverage of the entire population of IJVs, future studies regarding their characteristics in Bulgaria should have not only structural, but also motivational and outcome variables superimposed. Practical implications - The research can serve for international comparative studies and for the elaboration of national and European Union policies regarding the creation of official databases on the IJVs. Originality/value - With the presentation of new knowledge both on the conventional and on the non-conventional IJVs, the present study extends and supplements the theme regarding the characteristics of the IJVs.

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Publisher Info
Paper provided by EconWPA in its series Industrial Organization with number 0509003.

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Length: 20 pages
Date of creation: 06 Sep 2005
Date of revision:
Handle: RePEc:wpa:wuwpio:0509003

Note: Type of Document - pdf; pages: 20. Empirical Research Article
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Web page: http://129.3.20.41

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Related research
Keywords: Joint Ventures; Strategic Alliances; International Investments; Databases; Economic Changes; Bulgaria;

Find related papers by JEL classification:
L - Industrial Organization

References listed on IDEAS
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  1. Patrick F R Artisien & Peter J Buckley, 1985. "Joint Ventures in Yugoslavia: Opportunities and Constraints," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 16(1), pages 111-135, March. [Downloadable!] (restricted)
  2. Balakrishnan, Srinivasan & Koza, Mitchell P., 1993. "Information asymmetry, adverse selection and joint-ventures : Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 20(1), pages 99-117, January. [Downloadable!] (restricted)
  3. Marjorie A. Lyles & Le dang Doanh & Jeffrey Q. Barden, 2000. "Trust, Organizational Controls, Knowledge Acquisition from the Foreign Parents, and Performance in Vietnamese International Joint Ventures," William Davidson Institute Working Papers Series 329, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  4. Mariti, P & Smiley, R H, 1983. "Co-Operative Agreements and the Organization of Industry," Journal of Industrial Economics, Blackwell Publishing, vol. 31(4), pages 437-51, June. [Downloadable!] (restricted)
  5. Shige Makino & Paul W Beamish, 1998. "Performance and Survival of Joint Ventures with Non-Conventional Ownership Structures," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 29(4), pages 797-818, December. [Downloadable!] (restricted)
  6. Linda Longfellow Blodgett, 1991. "Partner Contributions as Predictors of Equity Share in International Joint Ventures," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 22(1), pages 63-78, March. [Downloadable!] (restricted)
  7. Oded Shenkar & Yoram Zeira, 1992. "Role Conflict and Role Ambiguity of Chief Executive Officers in International Joint Ventures," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 23(1), pages 55-75, March. [Downloadable!] (restricted)
  8. Veugelers, Reinhilde & Kesteloot, Katrien, 1994. "On the design of stable joint ventures," European Economic Review, Elsevier, vol. 38(9), pages 1799-1815, December. [Downloadable!] (restricted)
  9. Marjorie A Lyles & Jane E Salk, 1996. "Knowledge Acquisition from Foreign Parents in International Joint Ventures: An Empirical Examination in the Hungarian Context," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 27(5), pages 877-903, December. [Downloadable!] (restricted)
  10. Marjorie A Lyles & Jane E Salk, 1996. "Knowledge Acquisition from Foreign Parents in International Joint Ventures: An Empirical Examination in the Hungarian Context," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 27(4), pages 877-903, December. [Downloadable!] (restricted)
  11. Barba Navaretti, Giorgio & Santarelli, Enrico & Vivarelli, Marco, 2002. "The Role of Subsidies in Promoting Italian Joint Ventures in Least Developed and Transition Economies," Applied Economics, Taylor and Francis Journals, vol. 34(12), pages 1563-69, August. [Downloadable!] (restricted)
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  12. J Michael Geringer, 1991. "Strategic Determinants of Partner Selection Criteria in International Joint Ventures," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 22(1), pages 41-62, March. [Downloadable!] (restricted)
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