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| Author: | Hanvanicha, S. |
| Title: | An Event Study of the Effects of Partner and Location Cultural Differences in Joint Ventures |
| Journal: | International Business Review
2003 : FEB, VOL. 12:1, p. 1-16 |
| Index terms: | JOINT BUSINESS VENTURES CULTURE METHODOLOGY SHAREHOLDER VALUE |
| Language: | eng |
| Abstract: | This study focuses on one of the most important aspects of domestic joint venture and international joint venture (IJV) formation: culture difference. The study adapts the Makino and Beamish (1998) ownership-structure classification of IJVs and empirically examines the effects of JV partner and JV location cultural differences. Using an event-study methodology, the results reveal the impact of cultural difference on shareholder value creation. The article discusses the implications of using cultural difference measures in international research. |
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