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More than two are a crowd. Different paths to effectiveness in dyadic and multi-party joint ventures

Author

Listed:
  • Garcia-Canal, Esteban

    (Universidad de Oviedo)

  • Valdes, Ana

    (Universidad de Oviedo)

  • Ariño, Africa

    () (IESE Business School)

Abstract

Using 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.

Suggested Citation

  • Garcia-Canal, Esteban & Valdes, Ana & Ariño, Africa, 1999. "More than two are a crowd. Different paths to effectiveness in dyadic and multi-party joint ventures," IESE Research Papers D/385, IESE Business School.
  • Handle: RePEc:ebg:iesewp:d-0385
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    References listed on IDEAS

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    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Kogut, Bruce, 1989. "The Stability of Joint Ventures: Reciprocity and Competitive Rivalry," Journal of Industrial Economics, Wiley Blackwell, vol. 38(2), pages 183-198, December.
    3. 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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    Keywords

    joint venture;

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