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

Author

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  • 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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