Number of partners and JV performance

Using the largest ever sample of international equity JVs with three or more partners, this study examines the relationship between the number of partners in a JV and performance. Resource-based theory and the transaction cost perspective are used to explore whether the increases in transaction cost...

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Bibliographic Details
Published in:	Journal of world business : JWB Vol. 39; no. 2; pp. 107 - 120
Main Authors:	Beamish, Paul W, Kachra, Ariff
Format:	Journal Article
Language:	English
Published:	Greenwich Elsevier Inc 01-05-2004 Elsevier Elsevier Science Ltd
Series:	Journal of World Business
Subjects:	Business partnership Business studies Correlation analysis Costs Hypotheses International Joint ventures Multinational enterprises Partners Regression analysis Strategic planning Studies Transaction costs Japan
Online Access:	Get full text
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Summary:	Using the largest ever sample of international equity JVs with three or more partners, this study examines the relationship between the number of partners in a JV and performance. Resource-based theory and the transaction cost perspective are used to explore whether the increases in transaction costs are balanced off by increased benefits as the number of partners grows. Four hypotheses are developed and tested on a sample of 1,335 Japanese JVs in 73 countries, not including Japan. No significant relationship was observed between number of partners in an international JV and JV performance, even when moderators like JV type were considered.
Bibliography:	ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23
ISSN:	1090-9516 1878-5573
DOI:	10.1016/j.jwb.2003.08.013