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Joint venture development: driving forces towards equilibrium

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  • Büchel, Bettina

Abstract

Based on a process perspective, this paper investigates the development of an R&D joint venture from initiation to termination. The findings propose a model of joint venture development highlighting the driving forces at each stage of development. These driving forces cause periodic sequences of divergence and convergence in group relations. Although equilibrium can be maintained over time, divergence can result in a loss of equilibrium that leads to the termination of the joint venture.

Suggested Citation

  • Büchel, Bettina, 2002. "Joint venture development: driving forces towards equilibrium," Journal of World Business, Elsevier, vol. 37(3), pages 199-207, October.
    • Handle: RePEc:eee:worbus:v:37:y:2002:i:3:p:199-207
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    References listed on IDEAS

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    1. Edward J. Zajac & Cyrus P. Olsen, 1993. "From Transaction Cost To Transactional Value Analysis: Implications For The Study Of Interorganizational Strategies," Journal of Management Studies, Wiley Blackwell, vol. 30(1), pages 131-145, January.
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    3. Africa Ariño & José de la Torre, 1998. "Learning from Failure: Towards an Evolutionary Model of Collaborative Ventures," Organization Science, INFORMS, vol. 9(3), pages 306-325, June.
    4. Reuer, Jeffrey, 1998. "The dynamics and effectiveness of international joint ventures," European Management Journal, Elsevier, vol. 16(2), pages 160-168, April.
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    Cited by:

    1. Chung, Chris Changwha & Beamish, Paul W., 2012. "Multi-party international joint ventures: Multiple post-formation change processes," Journal of World Business, Elsevier, vol. 47(4), pages 648-663.
    2. Owens, Martin & Ramsey, Elaine & Loane, Sharon, 2018. "Resolving post-formation challenges in shared IJVs: The impact of shared IJV structure on inter-partner relationships," International Business Review, Elsevier, vol. 27(3), pages 584-593.

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