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Management-performance relationships in UK joint ventures

  • Glaister, Keith W.
  • Buckley, Peter J.
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    This paper investigates the management-performance relationship for a sample of UK international joint ventures with partners from developed market economies. Management control is identified in terms of mechanism, extent and focus. Joint venture performance is evaluated by two subjective measures and two objective measures. The findings of the study are, first, that subjective measures of performance are not more significantly associated with the dimensions of management control than are objective measures of performance. Second, where partners dominate or have responsibility for management control they view performance more favourably than partners that do not have dominant management control. Finally, somewhat counter-intuitively the study finds that the nature of management control does not vary with the duration of joint ventures.

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    Article provided by Elsevier in its journal International Business Review.

    Volume (Year): 7 (1998)
    Issue (Month): 3 (June)
    Pages: 235-257

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    Handle: RePEc:eee:iburev:v:7:y:1998:i:3:p:235-257
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    6. Jacobson, Robert, 1987. "The Validity of ROI as a Measure of Business Performance," American Economic Review, American Economic Association, vol. 77(3), pages 470-78, June.
    7. J Michael Geringer & Louis Hebert, 1989. "Control and Performance of International Joint Ventures," Journal of International Business Studies, Palgrave Macmillan, vol. 20(2), pages 235-254, June.
    8. John B Cullen & Jean L Johnson & Tomoaki Sakano, 1995. "Japanese and Local Partners Commitment to IJVs: Psychological Consequences of Outcomes and Investments in the IJV Relationships," Journal of International Business Studies, Palgrave Macmillan, vol. 26(1), pages 91-115, March.
    9. Chol Lee & Paul W Beamish, 1995. "The Characteristics and Performance of Korean Joint Ventures in LDCS," Journal of International Business Studies, Palgrave Macmillan, vol. 26(3), pages 637-654, September.
    10. Donald J Lecraw, 1983. "Performance of Transnational Corporations in Less Developed Countries," Journal of International Business Studies, Palgrave Macmillan, vol. 14(1), pages 15-33, March.
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