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Cooperation, competition and the longevity of stakes in joint ventures: A value creation approach

Author

Listed:
  • Ariño, Africa

    () (IESE Business School)

  • Garcia-Canal, Esteban

    (Universidad de Oviedo)

  • Valdes, Ana

    (Universidad de Oviedo)

Abstract

This research used a transaction value perspective (Zajac and Olsen, 1993; Madhok and Tallman, 1998) to examine the impact of competitive and cooperative forces on joint venture (JV) duration. We argue that some factors increasing the management cost of the JV may also increase its value potential. Such factors include whether the partners are direct competitors, and whether their nationality is the same. Findings from a survey study provided support for all of our hypotheses

Suggested Citation

  • Ariño, Africa & Garcia-Canal, Esteban & Valdes, Ana, 1999. "Cooperation, competition and the longevity of stakes in joint ventures: A value creation approach," IESE Research Papers D/388, IESE Business School.
  • Handle: RePEc:ebg:iesewp:d-0388
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    File URL: http://www.iese.edu/research/pdfs/DI-0388-E.pdf
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    References listed on IDEAS

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    1. Harry G Barkema & Freek Vermeulen, 1997. "What Differences in the Cultural Backgrounds of Partners Are Detrimental for International Joint Ventures?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 28(4), pages 845-864, December.
    2. Pisano, Gary P, 1989. "Using Equity Participation to Support Exchange: Evidence from the Biotechnology Industry," Journal of Law, Economics, and Organization, Oxford University Press, vol. 5(1), pages 109-126, Spring.
    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

    Cooperation; joint ventures; competition;

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