A framework of international joint ventures exit: A resource dependence and learning perspective

Arbeitspapier

Although international joint ventures (IJVs) have been a dominant market entry mode for years, high failure rates have been reported. Hence, an important part of research on IJVs focuses on success in terms of survival or persistence. The literature on IJV survival and exit (i.e., termination), however, has important limitations. Addressing these limitations, I offer an IJV exit framework and corresponding propositions that apply resource dependence and learning theories. The framework illustrates how specific determinants influence the likelihood of an IJV's persistence or termination through liquidation, internalization or sell-off. It extends the uni-directional notion of the current IJV learning theory and illustrates that parental learning does not necessarily lead to an IJV's internalization, whereas absent learning does not inevitably result in an IJV's persistence. Furthermore, this article shows how particular aspects of a firm's culture such as uncertainty avoidance affect the exit of IJVs.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Freiberger Arbeitspapiere ; No. 2012/02

Classification and Topics

• Classification: Wirtschaft ; Business Objectives of the Firm ; Contracting Out; Joint Ventures; Technology Licensing ; Firm Performance: Size, Diversification, and Scope
• Subject: International Joint Venture ; Termination ; Exit ; Resource Dependence ; Learning ; Internationale Joint Venture ; Beendigung ; Exit ; Ressourcenabhängigkeit ; Lernen

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Nemeth, Alexander
• Event: Veröffentlichung
• (who): Technische Universität Bergakademie Freiberg, Fakultät für Wirtschaftswissenschaften
• (where): Freiberg
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/67117
• Last update: 10.03.2025, 11:41 AM CET