Joint ventures: Theoretical and empirical perspectives

Strategic Management Journal - Tập 9 Số 4 - Trang 319-332 - 1988
Bruce Kogut1
1The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, U.S.A.

Tóm tắt

AbstractThis paper compares the perspectives of transaction costs and strategic behavior in explaining the motivation to joint venture. In addition, a theory of joint ventures as an instrument of organizational learning is proposed and developed. Existing studies of joint ventures are examined in light of these theories. Data on the sectoral distribution and stability of joint ventures are presented.

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