Do ownership and culture matter to joint venture success?

Previous studies show that equity structure and cultural differences are important factors that influence the performance of joint ventures (JVs). Based on the JVs contract database and Import/Export ranking database the analysis shows that the performance of monopoly controlled JVs is better than o...

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Bibliographic Details
Published inJournal of comparative international management Vol. 11; no. 1; pp. 3 - 13
Main Authors Zhang, Yuan, Jing, Runtian, Fu, Wenhao
Format Journal Article
LanguageEnglish
Published London Management Futures 01.06.2008
Journal of Comparative International Management
Subjects
Corporate culture
Cultural differences
Economic aspects
Export trading companies
Hypotheses
International economic relations
Joint ventures
Management
Social aspects
Success
United States
China
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Summary:Previous studies show that equity structure and cultural differences are important factors that influence the performance of joint ventures (JVs). Based on the JVs contract database and Import/Export ranking database the analysis shows that the performance of monopoly controlled JVs is better than others. However, cultural differences do not hinder performance; in fact, heterogeneity has provided better outcomes in JVs. Based on grouped data samples, it is believed that the higher the ratio of Chinese equity in JVs, the better the export performance. However, the relation between foreign equity and import orientation is not significant.
ISSN:1481-0468
1718-0864